Nadia's Feed
Jan 23, 2015

Who’s afraid of China’s economy slowing? Not Alibaba’s Jack Ma

DAVOS, Switzerland (Reuters) – Jack Ma, executive chairman of Chinese e-commerce giant Alibaba Group Holding, isn’t worried about slowing Chinese economic growth, he told a meeting of business and political leaders in Davos, Switzerland.

“If China still keeps 9 percent growth of the economy there must be something wrong. You will never see the blue sky. You will never see quality. China should pay attention to the quality of the economy,” he said in a question-and-answer session at the World Economic Forum.

Jan 12, 2015

Insight – Ellison’s backing helps Kurian’s star to rise at Oracle

NEW YORK (Reuters) – Every Tuesday and Wednesday at around 2 pm, Larry Ellison, the founder of Oracle Corp, gathers his lieutenants in the board room on the top floor of the software giant’s headquarters in Redwood City, California to hear engineers present new products and strategies.

Several people who have attended the meetings over the years said all the top Oracle executives have assigned seats – including Ellison himself, the two co-CEOs Safra Catz and Mark Hurd, and Thomas Kurian, who was appointed president of software development last week.

Jan 12, 2015

Ellison’s backing helps Kurian’s star to rise at Oracle

NEW YORK, Jan 12 (Reuters) – Every Tuesday and Wednesday at
around 2 pm, Larry Ellison, the founder of Oracle Corp, gathers
his lieutenants in the board room on the top floor of the
software giant’s headquarters in Redwood City, California to
hear engineers present new products and strategies.

Several people who have attended the meetings over the years
said all the top Oracle executives have assigned seats -
including Ellison himself, the two co-CEOs Safra Catz and Mark
Hurd, and Thomas Kurian, who was appointed president of software
development last week.

Dec 17, 2014

American Apparel names new CEO, officially ousts founder

By Jeffrey Dastin and Nadia Damouni

(Reuters) – American Apparel Inc has fired its Chief Executive Officer Dov Charney six months after suspending him, ending a tenure racked with sexual assault allegations and scandal.

The retailer, known for its provocative clothing ads, also announced Tuesday that Paula Schneider will take over as chief executive on Jan. 5. Schneider currently serves as president of ESP Group Ltd, which owns brands such as English Laundry.

Dec 9, 2014

Exclusive: Valeant to drop deal-making in near term to cut debt, boost stock

NEW YORK/WINNIPEG (Reuters) – Valeant Pharmaceuticals International Inc (VRX.TO: Quote, Profile, Research, Stock Buzz) is abandoning its growth-by-acquisitions strategy for the time being to try to reduce debt, boost its stock price and one day return to its traditional deal-making in a stronger position, people familiar with the matter told Reuters.

After spending $19 billion on 40 acquisitions since 2008, the Canadian drugmaker is regrouping after failing last month to acquire Botox-maker Allergan Inc (AGN.N: Quote, Profile, Research, Stock Buzz), they said.

Dec 9, 2014

Valeant to drop deal-making in near term to cut debt, boost stock

NEW YORK/WINNIPEG, Dec 9 (Reuters) – Valeant Pharmaceuticals
International Inc is abandoning its
growth-by-acquisitions strategy for the time being to try to
reduce debt, boost its stock price and one day return to its
traditional deal-making in a stronger position, people familiar
with the matter told Reuters.

After spending $19 billion on 40 acquisitions since 2008,
the Canadian drugmaker is regrouping after failing last month to
acquire Botox-maker Allergan Inc, they said.

Nov 26, 2014

Exclusive: Apollo Global in the lead to acquire Presidio: sources

By Greg Roumeliotis and Nadia Damouni

(Reuters) – Apollo Global Management LLC (APO.N: Quote, Profile, Research, Stock Buzz) is in advanced talks to acquire Presidio Inc in a deal that could value the information technology consulting company at close to $1.3 billion, including debt, according to people familiar with the matter.

Apollo, a New York-based private equity firm, has outbid other buyout firms, as well as Sirius Computer Solutions Inc, a portfolio company of Thoma Bravo LLC, in the auction for Presidio, the sources said this week.

Nov 20, 2014

Jana Partners lines up five executives to serve on PetSmart board: filing

By Nadia Damouni and Olivia Oran

(Reuters) – Jana Partners LLC has lined up five executives who are willing to serve as directors on PetSmart Inc’s board if the activist hedge fund is not satisfied with the outcome of the pet food retailer’s strategic review, the fund said in a filing on Thursday.

Jana, which has a 9.8 percent stake in PetSmart, may nominate former Caremark executive Edwin “Mac” Crawford; former RadioShack Corp Chief Executive Officer Julian Day; former Harris Teeter CEO Thomas Dickson; One Kings Lane co-founder Susan Feldman; and former Wal-Mart Stores Inc executive Lawrence Jackson. Jana could also nominate a representative from its own fund, people familiar with the matter said.

Nov 14, 2014

Baker Hughes says in preliminary merger talks with rival Halliburton

HOUSTON/NEW YORK (Reuters) – Oilfield services provider Baker Hughes Inc said on Thursday it is in preliminary merger talks with its larger rival Halliburton Co, though any potential deal would likely face antitrust concerns.

Two people familiar with the matter, who spoke on condition of anonymity, said Halliburton was looking to buy Baker Hughes, in what would be the second-largest energy deal of this year.

Nov 14, 2014

Baker Hughes says in talks with rival Halliburton

By Nadia Damouni

(Reuters) – Oilfield services provider Halliburton Co (HAL.N: Quote, Profile, Research) and rival Baker Hughes Inc (BHI.N: Quote, Profile, Research) are in preliminary talks on a potential merger, Baker Hughes said in a statement on Thursday.

The statement said the discussions “may or may not lead to any transaction” but two people familiar with the matter said