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BUSINESS
September 24, 2010 | Bloomberg News
NBC Universal Chief Executive Jeffrey Zucker will step down once Comcast Corp. completes its takeover of the company, giving the new owners a chance to reshape management. Zucker, 45, told employees today of his decision to leave the company where he has spent his entire working career. Parent General Electric Co. also announced the decision in an internal memo.
ARTICLES BY DATE
BUSINESS
April 27, 2014 | By Stuart Pfeifer
PCM Inc., an El Segundo company that sells information technology products and services, has attracted little attention in more than a quarter-century of business. But that soon may change. The owner of a competing company has starting snapping up PCM's stock, raising speculation of a possible takeover. Firoz Lalji, chairman of technology company Zones Inc. in Auburn, Wash., now owns about 5% of PCM, according to a regulatory filing. And he called PCM "one of the poorest-performing companies in its industry.
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BUSINESS
June 25, 2013 | By Salvador Rodriguez
Sprint shareholders approved a $21.6-billion acquisition by SoftBank on Tuesday, bringing an end to the takeover drama involving Dish Network Corp., which had also made a play for the No. 3 U.S. carrier. About 98% of shareholders voted to approve the deal, which will pay them either $7.65 per share for the stock they now hold, or give the same number of shares of new Sprint common stock. The deal will give SoftBank 78% ownership of Sprint. “The transaction with SoftBank should enhance Sprint's long-term value and competitive position by creating a company with greater financial flexibility," Sprint Chief Executive Dan Hesse said in a statement . PHOTOS: The 10 biggest tech gadget fails Sprint said it expects the Federal Communications Commission to approve the deal early next month.
BUSINESS
April 25, 2014 | By Julie Makinen
BEIJING - DMG Entertainment, the Beijing-based company that co-produced Hollywood films including "Iron Man 3" and "Transcendence," is in the process of going public on the Shenzhen Stock Exchange. The move will see DMG enter the exchange through a reverse takeover with meat-processing company Sichuan Gaojin Foods. The deal still needs regulatory approval. According to DMG and Sichuan Gaojin, the deal values DMG at $970 million. That's three times the value of Gaojin at the end of 2013.
NATIONAL
August 30, 2013 | By Matt Pearce
Life isn't always sleepy in rural North Dakota. The tiny town of Leith -- which had 16 residents as of the 2010 census -- got a rude awakening last week when it was revealed that a newcomer in town was plotting a takeover to make Leith a white-supremacist haven. Paul Craig Cobb, 61, had moved to town about a year ago and made an announcement in May 2012 about his plans for a "White Nationalist intentional community in North Dakota. " "Been waiting quite a few months to spring this.
NATIONAL
September 25, 2013 | By Matt Pearce
Local bureaucracy seems to have gotten the upper hand on a white-supremacist's plot to take over a small town in North Dakota. Paul Craig Cobb, 61, made headlines after news broke of his secret plot to amass white supremacists in Leith, N.D., and win control of the hamlet by buying up property and winning local elections. But now Cobb's home in Leith could be condemned after he failed to submit plans for sewage and running water to the county government, according to the Bismarck Tribune.
BUSINESS
October 9, 2013 | By Tiffany Hsu
Men's Wearhouse Inc. has a suitor who wants to pay $2.3 billion to take over the retailer, but the menswear company is having none of it. Saying that the bid from Jos. A. Bank Clothiers Inc. “significantly undervalues” the chain, Men's Wearhouse rejected the nonbinding proposal Wednesday. Hampstead, Md,-based Jos. A. Bank said in a statement that it had made its offer on Sept, 18, several months after Men's Wearhouse removed its founder and longtime spokesman, George Zimmer, as executive chairman.
BUSINESS
April 27, 2014 | By Stuart Pfeifer
PCM Inc., an El Segundo company that sells information technology products and services, has attracted little attention in more than a quarter-century of business. But that soon may change. The owner of a competing company has starting snapping up PCM's stock, raising speculation of a possible takeover. Firoz Lalji, chairman of technology company Zones Inc. in Auburn, Wash., now owns about 5% of PCM, according to a regulatory filing. And he called PCM "one of the poorest-performing companies in its industry.
ENTERTAINMENT
September 12, 2012 | By Joe Flint
Sirius XM Radio Inc. Chief Executive Mel Karmazin said he would likely leave the company when Liberty Media takes control of the satellite radio broadcaster. Liberty, the largest shareholder in SiriusXM, currently holds just under 50% of the stock and has already told the Federal Communications Commission that it plans to acquire more than that and would like the regulatory agency to approve it as the outright owner when that happens. Speaking at the Merrill Lynch Media, Communications and Entertainment Conference in Beverly Hills on Wednesday, Karmazin said he is willing to talk about staying but added, "If I were Liberty I would say, 'I'm not sure we need Mel.'" Karmazin's contract with SiriusXM is up at the end of the year.
ENTERTAINMENT
June 9, 2013 | By Greg Braxton
Can we talk? Joan Rivers is celebrating her 80th birthday Saturday. And the outspoken Rivers will be marking the occasion all next week in her usual take-no-prisoners fashion: She's taking over the E! network. Starting Monday and continuing through the week, Rivers will be all over the network, from extra daily episodes of her weekly "Fashion Police" series to special appearences on several E! shows and on the network's website. The celebration will culminate with a special hourlong birthday-themed edition of "Fashion Police" on Friday at 10 p.m. where the participants will be attired in formalwear.
BUSINESS
April 23, 2014 | By Stuart Pfeifer
Allergan Inc., the Irvine company that makes Botox, has adopted a "poison pill" defense that could make it more difficult for Canadian company Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman to force through a takeover bid. The company's "stockholder rights plan" would allow existing shareholders to buy Allergan stock at a steep discount if any single investor acquires more than 10% of its shares. The move prevents Ackman, who disclosed earlier this week that he had acquired 9.7% of Allergan's shares, from significantly increasing his holding.
CALIFORNIA | LOCAL
April 22, 2014
Hamish Maxwell Philip Morris Cos. CEO Hamish Maxwell, 87, who steered Philip Morris Cos. in its purchase of General Foods Corp. and takeover of Kraft Inc., milestones in transforming the tobacco company into a consumer products conglomerate in the 1980s, died Saturday at his home in Palm Beach, Fla. He had bladder cancer, said his daughter Graham Russell. Maxwell spent 37 years with Philip Morris, culminating with his tenure as chairman and chief executive officer from 1984 to 1991.
WORLD
April 7, 2014 | By Carol J. Williams
Russian President Vladimir Putin's unimpeded success in annexing Crimea has inspired Russian nationalists in eastern Ukraine to seize territory and sown fear region-wide that such provocations will spur Moscow to intervene on behalf of ethnic Russians. The occupation of government buildings in the Ukrainian cities of Donetsk, Lugansk and Kharkiv on Sunday mirrors what happened in Crimea, where Russian forces barricaded themselves in local authorities' offices and demanded a referendum on whether to the peninsula should secede and join Russia.
CALIFORNIA | LOCAL
April 4, 2014 | By Brittany Levine
The Armenian community in Glendale is reacting with anger to the takeover by rebels of the Syrian town of Kasab near the Turkish border that is home to about 2,500 Armenian Christians. Many Armenians consider the region to be historically part of their homeland. The Syrian rebel forces who overran the town came in through the Turkish border in March, prompting inhabitants to flee the violence. The takeover also was a painful reminder of the Armenian genocide, demonstrators said in Glendale, which is preparing to commemorate the 99th anniversary of the genocide later this month.
WORLD
March 9, 2014 | By Jim Puzzanghera
WASHINGTON -- The United States would not recognize a referendum by Crimea to leave Ukraine, and a shift of that region to Russia “is not a done deal,” a top Obama administration official said Sunday. “If there is a referendum and it votes to move Crimea out of Ukraine and to Russia, we won't recognize it and most of the world won't either,” deputy national security advisor Tony Blinken said on NBC's “Meet the Press.” “Were that to happen, the isolation of Russia, the cost that it would pay, would increase significantly from where they are now,” he said.
WORLD
March 8, 2014 | By Nabih Bulos and Patrick J. McDonnell
BEIRUT - After weeks of fighting, the Syrian military has wrested control of a rebel-held town near the Lebanese border in the strategic province of Homs, military and opposition representatives said Saturday. The seizure of Zara, close to the main highway linking Homs city to the Mediterranean coast, is the latest reported government advance in its effort to seal the porous border with Lebanon, long a conduit for antigovernment fighters and arms. In a statement, the Syrian military hailed the seizure of Zara, which "had been used as a main passage for the terrorist groups that would come from Lebanon and head to neighboring areas to carry out their criminal operations.
BUSINESS
June 26, 2013 | By Andrea Chang, Los Angeles Times
Japanese telecom giant SoftBank Corp. got shareholder approval for its mammoth takeover of Sprint Nextel Corp., giving America's No. 3 wireless carrier ammunition to take on industry leaders Verizon Wireless and AT&T. The $21.6-billion deal for a majority stake in Sprint is expected to enable the company to speed up the rollout of its high-speed 4G LTE service in new markets around the country. That should help it attract new customers, analysts said. "This is exactly what Sprint needs," said Jeff Kagan, a technology industry analyst.
BUSINESS
May 12, 1989 | From Associated Press
Ogilvy Group Inc. today said that it has begun talks with Britain's WPP Group PLC, which has made a $50-a-share takeover offer for the American advertising company and has indicated its willingness to increase the bid. Ogilvy said there is no guarantee that the discussions will produce an agreement on WPP acquiring Ogilvy, the world's fifth-largest advertising concern based on 1988 billings. Takeover speculators on Wall Street have expected WPP to make a more generous offer.
ENTERTAINMENT
February 19, 2014 | By David Ng
In a surprise announcement, the financially troubled Corcoran Gallery of Art in Washington has entered into an agreement to be taken over by the National Gallery of Art and George Washington University. The deal, announced on Wednesday, would mark the largest takeover of an arts institution in the nation's capital in recent memory. The Corcoran, which is a private, nonprofit organization, has experienced financial difficulties for years and had recently explored a potential partnership with the University of Maryland.
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