Ascena Acquires LOFT In $2.15 Billion Ann Taylor Deal
Ann Taylor’s parent company Ann Inc has been purchased by Ascena Retail Group. Ascena Retail Group Inc announced on Monday that it will be acquiring Ann Inc, for $47 per share in cash and stock, in a deal worth $2.15 billion, intending to encompass the popular LOFT brand. Generating 22 percent of the total of Ascena’s revenue, LOFT will More...
Boiler Rooms Become A Growing Issue In London
Pictures from the movie The Boiler Room where salesmen pushed questionable stocks. London is facing a growing problem of salesmen working from boiler rooms pretending to be investment companies offering impressive More...
Nestle Attempts To Save Water In California Following Protests
Falsom Lake (which is used to bottle Nestle’s Pure Life & Arrowhead water brands) during a drought in January 2014. One of the most affected states by droughts in the US, California is looking at yet another More...
Bultaco Returns To Roads With Help From Consumer Loans
The new Bultaco Rapitan Sport The former world champion Barry Sheen used to ride Bultaco bikes when he was in the peak of his career although after some time the company went off the motorcycle scene, but now they More...
OPEC’s Fight For The Oil Market Has Just Begun
OPEC and non-OPEC suppliers are trying to hold their market share by avoiding reducing production. The International Energy Agency said that the Organization of Petroleum Exporting Countries is not slowing down More...
Nissan & Toyota Recall Vehicles Due To Potentially Dangerous Airbags
Both Toyota and Nissans airbags have been produced by Takata. Toyota Motors and Nissan Motors announced on Wednesday they are recalling over 6.56 million vehicles from across the world after discovering a fault More...