Both companies are in the process of overhauling their top management positions. Dutch paint maker Akzo Nobel has hired Maarten de Vries as its new chief financial officer. Incidentally, the dutch maker had earlier rejected a 23 billion pounds (26 billion euro) takeover from U.S. rival PPG...

After careful selection, the board of Uber narrows down its options and takes a step towards mending its image through new leadership. Dara Khosrowshahi is Uber’s choice as its Chief Executive for its “travel company Expedia Inc”, reported “two sources” of Reuters. As a result, Khosrowshahi will be...

The announcement of Toshiba’s memory chip unit’s sale could be out by the end of this month. The C.E.O of Western Digital Corp visits Tokyo with the mission to settle down on the final agreement for buying “Toshiba Corp’s memory chip business”, whereby putting an end to months long “dispute over...

Frontrunner of “beauty contest Estee Lauder”, Unilever still has some competition to face. Unilever, a giant of consumer goods, is the apparent topper in “US outfit” Estee Lauder’s “beauty contest” among other “rival bidders”.   The “Evening Standard” citing the “City sources”, has reported...

Timing and efficiency to carry out a quick deal enabled Zuckerberg to acquire WhatsApp. WhatsApp was acquired by Facebook in return of a “hefty sum”, while a “new report” presented by Bloomberg Businessweek reveals that in the process of buying WhatsApp, the Chief Executive Officer of Facebook,...

In a response to political pressure in Europe to militant groups using the social network for propaganda and recruiting, Facebook Inc offered additional insight on its efforts to remove terrorism content.   Monika Bickert, Facebook's director of global policy management, and Brian Fishman,...

Final bidding is round the clock, while promising bidders have been added to the list for The Body Shop contest. Investindustrial is a “private equity firm” of Europe, whereby it has sent an invitation to Jack Ma, the founder as well as the “investment vehicle” of Alibaba to come up in a “joint...

Following an investigation by a law firm into sexual harassment allegations and other claims at the ride-hailing company, Uber Technologies Inc said on Tuesday that it fired 20 employees and was improving management training.   Uber hired law firm Perkins Coie to look into claims of...

Jimmy Choo with the consent of its shareholders and ‘Britain's Takeover Panel’ is set to conduct talks on “formal sale process”. In an attempt to “maximize” the value of shareholders, as a part of its “strategic options”, Jimmy Choo, a luxury retailer, has put up “offers for the company”, so it...