IAMGOLD Corp (USA) (NYSE:IAG) has announce plans to issue a $400 million corporate loan in terms of senior notes. The notes are expected to mature in 2025. Each note will attract an annual interest rate of 7%. The company will use the proceeds to pay a previous corporate loan of $489 million which consist of […]
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New Gold Inc. (USA) (NYSEMKT:NGD) Closes Us$173 Million Bought Deal Financing
New Gold Inc. (USA) (NYSEMKT:NGD) has announced closing its bought deal financing of 61,640,000 common stock. The company plans to use the proceeds from the offering to fund the construction of the Rainy River gold project situated in Ontario, Canada The company made the offering through a group of underwriters including Scotiabank, RBC Capital Markets, […]
Groupon Inc. (NASDAQ:GRPN) Lays Off Remaining Workers At LivingSocial After Closing Down The DC Office
Groupon Inc. (NASDAQ:GRPN) will be sending home the remaining 95 employees in LivingSocial Inc. this is after its acquisition earlier on in October. The laying off process Groupon will be closing down the LivingSocial office in Washington D.C. permanently. The workers who are the only remaining batch still working for Groupon will have to go […]
SeaDrill Limited (NYSE:SDRL) Reported The Settlement Of The West Mira Arbitration
SeaDrill Limited (NYSE:SDRL) declared that it has come into a settlement agreement with Hyundai Samho Heavy Industries Co. Ltd (HSHI). This is in relation to the West Mira arbitration. Settlement details As a part of the full settlement, Seadrill will receive $170 million in cash in March 2017. The arbitration process commenced in October 2015. […]
CIA Listed Blackberry Ltd (NASDAQ:BBRY)’S Car Software As Possible Target
Blackberry Ltd (NASDAQ:BBRY)’s QNX automotive software which is used in over 60 million cars, is among the Central Intelligence Agency potential target to hack. This is according to an exposé released by WikiLeaks. According to WikiLeaks, Central Intelligence Agency notes identified the QNX automotive software as a “potential mission areas” for its Embedded Devices Branch. […]
Groupon Inc (NASDAQ:GRPN) Now Under Fave
Southeast Asia’s online-to-offline (020) e-commerce market giant has today made public its acquisition of Groupon Inc (NASDAQ:GRPN). Groupon Singapore is one of the highly rated city-state’s discount and top deals platform. The new acquisition is expected to play a major role towards empowering the company to boost growth for local businesses across SEA while at […]
Fitbit Inc (NYSE:FIT) Announces Changes To Leadership Team
Fitbit Inc (NYSE:FIT) a global leader in the provision of health services and fitness, has instituted changes to its senior leadership team. Fitbit Inc has also given updates on the recently announced plan its business to improve its business and return to profitability. In the new changes, the company’s Vice President of Engineering Samir Kapoor […]
Nokia Corp (ADR) (NYSE:NOK) And VimpelCom Ltd (ADR) (NASDAQ:VIP) Sign Five-Year Managed Services Contract For Management Of Fixed, Mobile And Transport Networks
Nokia Corp (ADR) (NYSE:NOK) and VimpelCom Ltd (ADR) (NASDAQ:VIP), a Russian communications and technology firm, have entered into a five year agreement that will see Nokia supply VimpelCom with managed services for its mobile, fixed and transport network operations Nokia, which has been VimpelCom’s network service manager in Central Russia, will now expend the scoop […]
Brookfield Asset Management Inc (NYSE:BAM) To Acquire TerraForm Global Inc (NASDAQ:GLBL) For $787 Million Cash, Assume $455 Million Dept.
TerraForm Global Inc (NASDAQ:GLBL), a clean energy power plants operator, has reached a deal to be bought by Brookfield Asset Management Inc (NYSE:BAM). Brookfield mainly specializes in alternative asset management. Brookfield will buy off TerraForm at a total cost of around $787 million in cash and inherit a debt of around $455 million. Following the […]
Vale SA (ADR) (NYSE:VALE) Is Letting Go CEO
Vale SA (ADR) (NYSE:VALE) decided not to renew the contract of current CEO, Roger Agnelli, after it expires in May, and that’s according to Brazil’s Energy Minister Fernando Coelho Filho. According to media reports, President Dilma Rousseff’s government has asked a key Vale shareholder to help replace Agnelli, after years of criticism by politicians that […]
