Thursday, October 24

Tag: deal

Software giant Salesforce in advanced talks to buy Informatica
13Apr By adminNo Comments
Business

Software giant Salesforce in advanced talks to buy Informatica

Customer relations software maker Salesforce is in advanced talks to acquire Informatica , a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in the technology sector. A deal could be announced soon, said the source, who requested anonymity as the discussions are confidential. The price being discussed is below Informatica's current share price of $38.48, according to the Wall Street Journal, which first reported the talks between Salesforce and Informatica. Salesforce and Informatica did not immediately respond to requests for comment. Private equity firm Permira, which along with the Canadian Pension Plan Investment Board (CPPIB) holds a controlling stake of over 75% in Informatica, declined to comment. CPPIB could not be reached for co...
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Xenophobia Drives Foes of Nippon Steel’s Deal
1Jan By adminNo Comments
Health

Xenophobia Drives Foes of Nippon Steel’s Deal

Election-year jitters have the Biden administration and a few swing-state members of Congress from both parties parroting union concerns about Nippon Steel’s takeover of U.S. Steel. The United Steelworkers union favored Cleveland-Cliffs’s offer, which was almost 50% lower than Nippon’s $14.1 billion bid. There is no real cause for concern other than xenophobia and the damage it could do to Cleveland-Cliffs’s position as the sole U.S. producer of electrical steel for transformers and electric vehicles. The rest is imported.Nippon’s steelmaking is at least as advanced as U.S. Steel’s, so technology export control isn’t an issue. National security could be a concern if American mills were shutting down due to unfairly subsidized Japanese exports to the U.S. But Nippon never used gimmicks to ...
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Benjamin Netanyahu: Our Three Prerequisites for Peace
26Dec By adminNo Comments
Business

Benjamin Netanyahu: Our Three Prerequisites for Peace

Hamas must be destroyed, Gaza must be demilitarized, and Palestinian society must be deradicalized. These are the three prerequisites for peace between Israel and its Palestinian neighbors in Gaza.First, Hamas, a key Iranian proxy, must be destroyed. The U.S., U.K., France, Germany and many other countries support Israel’s intention to demolish the terror group. To achieve that goal, its military capabilities must be dismantled and its political rule over Gaza must end. Hamas’s leaders have vowed to repeat the Oct. 7 massacre “again and again.” That is why their destruction is the only proportional response to prevent the repeat of such horrific atrocities. Anything less guarantees more war and more bloodshed.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe85681...
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Biden’s Foolish Snub of Nippon Steel
23Dec By adminNo Comments
Health

Biden’s Foolish Snub of Nippon Steel

Nippon Steel’s proposed $15 billion acquisition of U.S. Steel “appears to deserve serious scrutiny,” the White House said Thursday. The statement came after an outcry from protectionist lawmakers, including Sen. John Fetterman (D., Pa.), who have cited union and national-security concerns and vowed to block the sale. The anti-Japanese business rhetoric is reminiscent of the 1980s, when U.S.-Japan trade tensions threatened to undermine a critically important bilateral alliance during the Cold War.U.S. politicians’ unjustified criticisms of the deal could strain relations between the U.S. and Japan and weaken their collaboration on trade and economic security. The White House should work with allies on economic and military cooperation, not criticize them.Copyright ©2023 Dow Jones & Com...
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SIA and PAL ink codeshare deal – Business Traveller
23Nov By adminNo Comments
Travel

SIA and PAL ink codeshare deal – Business Traveller

Philippine Airlines (PAL) and Star Alliance member Singapore Airlines (SIA) have signed a new codeshare partnership agreement, which will allow the carriers to enhance flight options for their customers travelling between the Philippines and Singapore, as well as to other domestic and international destinations via their respective hubs. The codeshare agreement will start on SIA’s and PAL’s flights between Singapore and Manila by the fourth quarter of 2023, subject to regulatory approvals. SIA will also codeshare on PAL’s flights from Manila to 27 destinations within the Philippines, while PAL will codeshare on SIA’s flights to six destinations in Europe – Copenhagen, Frankfurt, Milan, Paris, Rome, and Zurich. These European codeshare sectors will be rolled out progressively across PA...
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Flydubai inks US$11 billion deal for 30 Boeing 787 Dreamliners – Business Traveller
13Nov By adminNo Comments
Travel

Flydubai inks US$11 billion deal for 30 Boeing 787 Dreamliners – Business Traveller

Dubai-based carrier flydubai has committed to the purchase of 30 Boeing 787-9 Dreamliners – its first widebody aircraft order – in a deal valued at US$11 billion. Deliveries of the new widebody aircraft are set to commence from 2026. The airline added that it has an order backlog of more than 130 Boeing 737 MAX aircraft to be delivered by 2035. The carrier said that it was currently evaluating engine options for its first Dreamliner order. It currently operates a single fleet-type of 80 Boeing 737 aircraft which includes 30 Next-Generation Boeing 737-800, 47 Boeing 737 MAX 8 and three Boeing 737 MAX 9 aircraft. Sheikh Ahmed bin Saeed Al Maktoum, chairman of flydubai, said, “In 2008, when we placed our first ever order for 50 Boeing 737 aircraft, we were confident of the vital role flydub...
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So Much for the Embargo on Iran’s Missiles
24Oct By adminNo Comments
Health

So Much for the Embargo on Iran’s Missiles

Here’s the contradiction of current U.S. Iran policy in a nutshell: While the Pentagon deploys a Thaad missile-defense system to the Middle East to protect U.S. bases from the volley of missiles fired by Iranian proxies, the Biden Administration has let the international embargo on Iran’s missile program lapse.Oct. 18 was Transition Day under the Iran nuclear deal, and with it passed the U.N. missile and drone sanctions. Iran’s terrorist proxies and foreign clients such as Vladimir Putin send their regards.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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