Germany's Bayer Offers $62 Billion in Cash to Buy Monsanto
Bayer AG made an unsolicited $62 billion all-cash offer to acquire Monsanto Co. and create the world’s biggest supplier of farm chemicals and genetically modified seeds, disclosing the terms of its bid amid investors’ growing concern that it might overpay.Bayer offered $122 per share in an all-cash bid in its May 10 written proposal, the Leverkusen-based company said in a statement on Monday. That’s a 37 percent premium to Monsanto’s May 9 closing price. The payment would be funded with a combi..>> view originalGreece OKs controversial new bailout measures
Athens - Greek lawmakers on Sunday adopted another batch of controversial spending cuts and tax hikes ahead of a crunch Eurogroup meeting expected to unlock much-needed bailout funds for the debt-ridden country.The 7 000-page bill that raises the sales tax cap and introduces a contingency mechanism to slash spending further in case of budget overruns was passed thanks to the Syriza-led coalition government's slim majority in parliament, according to an AFP count.All 153 of the government coaliti..>> view originalApple And The Tech Companies Do Not Have A Third Of Corporate Cash: Don't Be Ridiculous
Tensions Boil Over in Redstone's Media Empire
Months of tension over the fate of Sumner Redstone’s $40 billion media empire erupted into open warfare over the weekend, as two of the mogul’s longtime lieutenants were told they were removed as stewards of his holdings in Viacom Inc. and CBS Corp. Late Friday, a lawyer claiming to represent Mr. Redstone informed Viacom Chief Executive Philippe Dauman and Viacom director George Abrams that they had been dismissed from the seven-member trust that Mr. Redstone set up to manage his nearly 80% vot..>> view originalGoogle-backed solar electricity facility sets itself on fire
A troubled heliostatic power station is set to hit the anti-renewables meme-factories, after misaligned mirrors set the tower on fire. The Google-backed, US$2.2 billion Ivanpah Solar Electric Generating System generates power by focussing sunlight on boilers at the top of three 140 metre (439 feet) towers and using the resulting steam to spin up the generators' turbines. The misalignment instead set fire to electrical cables in Unit 3, scorching and melting steam ducts and water pipes. While fi..>> view originalPRECIOUS-Gold inches up but lingers near three-week lows on Fed rate views
BENGALURU Gold rose slightly on Monday as the dollar eased, but the metal continued to hold near three-week lows on growing expectations that the U.S. Federal Reserve will hike interest rates as early as June. Bullion has been under pressure since the Fed released the minutes of their April meeting last week that showed officials believe the U.S. economy could be ready for another interest rate increase next month. Echoing those sentiments, Eric Rosengren, president of the Federal Reserve Ban..>> view originalAnalysis: Scientists agree GMOs are safe, but unlikely to convince skeptics quickly
more stories from this episode Earlier this week, the National Academy of Sciences — a science group founded by the U.S. Congress— issued its latest report on genetically engineered crops. The report concludes that GMOs, genetically modified organisms, are safe to eat. But even before it came out, the report and the NAS were criticized by Food & Water Watch, a consumer rights group. It accused some members of the committee that prepared the report of receiving research funding from biotech..>> view originalThere could soon be no black female CEOs among America's largest companies - Walla Walla Union
Ursula Burns, the first African-American woman to run a Fortune 500 company, will step down as chief executive when the struggling technology and services company splits itself in two later this year, Xerox announced Friday.Burns, who has spent her entire career at Xerox, is to become chairman of the printer, copier and document technology company created from the split, the company said. The other new company is to focus on business services; Xerox has yet to name a chief executive for either..>> view original
Monday, May 23, 2016
Germany's Bayer Offers $62 Billion in Cash to Buy Monsanto and other top stories.
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