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Heineken N.V. (HKHHF.PK) announced it will make changes to its operating model and ways of working. The business will be regrouped around 4 geographic regions. The existing regions of Western Europe and Central and Eastern Europe will be united to form a single Europe region, focused primarily on the...

Kingfisher plc (KGF.L) reported profit before taxation of 644 million pounds for the year ended 31 January 2015 compared to 759 million pounds, prior year. The Group noted that its pretax profit included the impact of exceptional items before tax and Hornbach's results prior to disposal. Profit to equity...

Grainger Plc. (GRI.L), a residential property owner and manager, Tuesday announced that CEO Andrew Cunningham has informed the Board of his intention to retire from the company at its next annual general meeting in February 2016. Cunningham has served at the helm for the past seven years, and has...

Amec Foster Wheeler (AMFW.L, AMEC.L) said it has been awarded a contract by EDF Energy to provide project management services to all its UK nuclear power stations and technical offices in Gloucester and East Kilbride. The nine year agreement, which includes five years plus two optional two-year periods,...

Richemont (CFRUY.PK) announced it has entered into a conditional agreement to merge the operations of its subsidiary, The Net-A-Porter Group, with YOOX S.p.A. in an all-share transaction. Richemont will receive 50% of the share capital of the combined entity's listed parent company. Richemont has committed...

Swiss bakery business Aryzta AG (ARZTY.PK, ARZTF.PK) Tuesday said it has entered into exclusive negotiations for a strategic investment with Lion Capital in speciality premium French food business Picard. As per the agreement, Aryzta would acquire a 49 percent shareholding in Picard for consideration...

International Business Machines Corporation (IBM) announced that it will invest $3 billion over the next four years to establish a new Internet of Things or IoT unit, and that it is building a cloud-based open platform designed to help clients and ecosystem partners build IoT solutions. The new unit...

Intralinks Holdings, Inc. (IL), a provider of secure enterprise content collaboration solutions, and Beijing Shenzhou Xiangyun Technology Co Ltd, the cloud business affiliate of Digital China, Tuesday announced a strategic partnership. As part of the agreement, Beijing Shenzhou Xiangyun Technology...

Telecom giant AT & T Corp. (T) Tuesday said it invested over $950 million in its wireless and wired networks in Mississippi between 2012 through 2014, driving a wide range of upgrades to reliability, coverage, speed and performance for residents and business customers. As part of the company's Project...

Two former federal agents have been charged with wire fraud, money laundering and related offenses for stealing digital currency during their investigation of the Silk Road, an underground black market that allowed users to conduct illegal transactions over the Internet, the U.S. Department of Justice...

Private equity firm KKR & Co. L.P. (KKR) is in talks to acquire a majority stake in South Korea's No. 2 e-commerce company Ticket Monster Inc. for 350 billion won or US$316.5 million, Yonhap News Agency reported citing industry sources. KKR is in the final stage of negotiations with the local arm...

New model music company BMG said it has signed a wide-ranging digital distribution deal with Alibaba Group's (BABA) Digital Entertainment business unit. "The agreement will not only significantly boost earnings by BMG artists and writers from the world's most populous nation, but also give them a...

Staples Inc. (SPLS) and Office Depot Inc. (ODP) each received a request for additional information and documentary material, often referred to as a "second request," from the Federal Trade Commission or the "FTC" in connection with the proposed acquisition of Office Depot by the Company. The second...

Printronix Inc. announced that it has appointed Werner Heid as the company's next Chief Executive Officer and member of the Board effective immediately. Werner succeeds Randy Eisenbach, who is retiring as Chief Executive Officer and member of the Board. Prior to joining Printronix, Heid held position...

The U.S. Department of Justice announced that BSI SA, one of the 10 largest private banks in Switzerland, is the first bank to reach a resolution under the Department of Justice's Swiss Bank Program. BSI agreed to cooperate in any related criminal or civil proceedings, demonstrate its implementation...

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