Vox Media to Acquire Technology Website Re/code -- Update
Vox Media on Tuesday said it is acquiring Revere Digital, parent
company of the technology-news website and conference business
Re/code, less than 18 months after the site's launch. (published
0000 GMT)
Charter, Time Warner Cable Say Their Deal Isn't Like Comcast's--update
As top executives at Charter Communications Inc. and Time Warner
Cable Inc. laid out their vision Tuesday for the cable companies'
planned merger, their pitch seemed aimed as much at Washington as
at Wall Street. (published 2349 GMT Tuesday)
Highland Capital Sues Credit Suisse Over Soured Loans -- 3rd Update
Highland Capital Management is suing Credit Suisse Group AG for
more than $500 million, the hedge fund firm's latest salvo in
efforts to recoup some losses from the Swiss bank's ill-fated loan
program to developers of luxury properties in the U.S. (published
2345 GMT Tuesday)
ISS Urges Rejection of Caterpillar CEO Douglas Oberhelman's Pay Package
ISS Proxy Advisory Services on Tuesday recommended shareholders
reject the executive compensation policies at Caterpillar Inc. in
an advisory vote at the annual meeting June 10. (published 0044
GMT)
Reynolds-Lorillard Tobacco Merger Gets FTC Clearance -- Update
U.S. antitrust enforcers on Tuesday cleared Reynolds American
Inc. to proceed with its $25 billion acquisition of Lorillard Inc.,
ending months of uncertainty about whether the government would
allow the second- and third-largest U.S. cigarette makers to
combine. (published 2331 GMT Tuesday)
Suncorp Targets Further Efficiency Gains
Suncorp Group Ltd. said it plans to invest 75 million Australian
dollar in optimizing its insurance and banking operations that
should deliver A$170 million in benefits in the 2018 financial
year. (published 2304 GMT Tuesday)
Hormel to Buy Organic Meat Maker Applegate For $775M--4th Update
Hormel Foods Corp. agreed to buy Applegate Farms LLC for about
$775 million, a move that would give the maker of Spam a foothold
in the organic-meats category. (published 2237 GMT Tuesday)
Google, Yahoo, Twitter Have Had Talks to Buy Flipboard--Update
Several Internet giants have inquired about buying Flipboard
Inc., maker of a newsreader app that has recently signaled it is
open to acquisition discussions, according to people familiar with
the matter. (published 2213 GMT Tuesday)
CIM Sues Cantor Fitzgerald Over Fees Charged to CMBS Venture--Update
A court battle over millions of dollars in fees has erupted
between two well-known companies that joined together in 2010 to
make money in the commercial mortgage-backed securities market.
(published 2131 GMT Tuesday)
Mainfreight FY15 Ebitda NZ$162.2M, up 8.7% on Year
Global freight and transport company Mainfreight Ltd. reported a
record net profit before abnormals on increasing sales revenue.
(published 2107 GMT Tuesday)
Highland Capital Sues Credit Suisse Over Soured Loans -- 2nd Update
Highland Capital Management is suing Credit Suisse for more than
$500 million, the hedge fund firm's latest salvo in its efforts to
recoup some of its losses from the Swiss bank's ill-fated loan
program to developers of U.S. luxury properties such as golf
communities and ski resorts during the mid-2000s. (published 2026
GMT Tuesday)
Crescent Point to Buy Legacy Oil + Gas
Crescent Point Energy Corp. said Tuesday it would acquire junior
oil and gas producer Legacy Oil + Gas Inc. for about 563 million
Canadian dollars in shares, boosting its position in southeast
Saskatchewan and giving it a foothold in the emerging Midale
light-oil play. (published 2155 GMT Tuesday)