newszine

Australia’s Lendlease hires banks to run engineering unit sale: sources

2 months ago DieselGasoil Comments Off on Australia’s Lendlease hires banks to run engineering unit sale: sources
SYDNEY (Reuters) – Australian construction firm LendLease Group has appointed Morgan Stanley and local adviser Gresham to run the sale of its underperforming engineering and services business (E&S), two people aware of the matter told Reuters on Thursday. The investment banks have sent term sheets to a host or prospective buyers, added one of the Read More

Exclusive: Magellan Health nears board deal with hedge fund Starboard Value – sources

2 months ago DieselGasoil Comments Off on Exclusive: Magellan Health nears board deal with hedge fund Starboard Value – sources
NEW YORK/BOSTON (Reuters) – U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc is nearing an agreement with Starboard Value LP to expand the size of its board by several seats, including a representative from the activist hedge fund, three sources familiar with the matter said on Thursday. Magellan did not respond to a Read More

Australia's Lendlease hires banks to run engineering unit sale: sources

2 months ago DieselGasoil Comments Off on Australia's Lendlease hires banks to run engineering unit sale: sources
SYDNEY (Reuters) – Australian construction firm LendLease Group has appointed Morgan Stanley and local adviser Gresham to run the sale of its underperforming engineering and services business (E&S), two people aware of the matter told Reuters on Thursday. The investment banks have sent term sheets to a host or prospective buyers, added one of the Read More

Aston Martin falls 5% in its London IPO

2 months ago DieselGasoil Comments Off on Aston Martin falls 5% in its London IPO
You could own James Bond’s car Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its Read More

SoftBank and Toyota want driverless cars to change the world

2 months ago DieselGasoil Comments Off on SoftBank and Toyota want driverless cars to change the world
Meet ‘crazy’ tech tycoon Masayoshi Son SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which Read More

Ackman's fund zooms ahead as he casts himself as corporate helpmate

2 months ago DieselGasoil Comments Off on Ackman's fund zooms ahead as he casts himself as corporate helpmate
BOSTON (Reuters) – For months, activist investor William Ackman promised to rebuild his record. Now he has some numbers to prove it. FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid Since Jan. 1, Read More

Expense report of the future reduces fraud and headaches

2 months ago DieselGasoil Comments Off on Expense report of the future reduces fraud and headaches
NEW YORK(Reuters) – It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports. FILE PHOTO: A view inside the lobby of the Marriott Marquis hotel in Times Square in Read More