digital learning

McGraw-Hill to sell digital learning unit to sponsor Apollo in $2.5bn deal

US financial information and education group McGraw-Hill Companies Inc (NYSE:MHP) announced today it had agreed to offload its digital learning unit to Apollo Global Management LLC (NYSE:APO) for some USD2.5bn (EUR1.9bn). The transaction, pending regulatory clearance, is scheduled for completion […]

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Bank of England

Canada’s central bank chief to replace King at Bank of England

Mark Carney, the governor of the Canadian central bank, has been chosen to replace Sir Mervyn King as the governor of the Bank of England, it was announced

George Osbourne

UK business groups urge chancellor to help firms grow

Business groups in the UK have urged the government to address the financing constraints faced by small and medium-sized firms. With just over a week to go before Chancellor


Businesses save money by switching to VOIP

Communication is one of the key activities in business life. Fixing dates and times for appointments with business partners, briefing colleagues on new developments, making deals with business-related

Fiat manufacturing plant in Turin, Italy

Italy’s Fiat Industrial finalises merger with Dutch CNH Global

Italian truck and heavy machinery maker Fiat Industrial SpA (BIT:FI) has sealed a definitive deal to merge with Dutch agricultural and


US financial services group AIG to establish Chinese joint venture with PICC Life

US insurer American International Group, Inc. (NYSE: AIG) said it has entered into a non-binding term sheet

L'Oreal make-up

France’s L’Oreal acquires Urban Decay Cosmetics from sponsor Castanea

French cosmetics group L'Oreal SA (EPA:OR) announced today it had agreed to buy US-based make-up specialist Urban

Cloud Computing

German Software AG has €1bn to spend on acquisitions — report

Germany-based Software AG (ETR:SOW) can "theoretically" afford an acquisition of as much as EUR1bn (USD1.3bn), German daily Die Welt said Sunday, citing chief financial officer Arnd Zinnhardt. The business

Customer Service

Consumers prefer email to social media to contact customer service

At a time when more businesses view the use of social network sites as an opportunity to create a relationship with customers and to improve customer service, a


National Bank of Greece to acquire rival EFG Eurobank Ergasias

National Bank of Greece (NYSE:NBG) said its shareholders had given the go-ahead to the planned acquisition of local peer EFG Eurobank Ergasias SA. The shareholder meeting, which was held

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