French company Danone, the world's largest yogurt maker, announced its intention to acquire US producer of organic products WhiteWave Foods priced at $ 56.25 per share in cash. The amount of the transaction includes WhiteWave’s debt amounted to $ 12.5 billion, according to Danone’s report. It is reported that the transaction has been unanimously approved by boards of directors of both companies....

International mining group Rio Tinto intends to sell its stake in Australian coal mine for a symbolic sum of one Australian dollar. The buyer will also receive 80 million Australian dollars to restore the facility. British-Australian group Rio Tinto is going sell its stake in a closed coal mine for $1 Australian dollar ($ 0.75). The company has already confirmed the talks on this issue with...

Brazilian court has blocked 19.5 million reais ($ 6.07 million) on the Facebook account. The reason was the fact that WhatsApp service owned by the social network refused to grant access to messages of drug traffickers, according to G1. Over the past five months, WhatsApp has accumulated fines of $ 6 million. The messenger does not have an account in Brazil, so the court blocked Facebook’s...

The Fed opposes plans of capital allocation proposed by Deutsche Bank Trust and American Santander. This means that the banks cannot issue dividends or buy backs unless they accept the new plan, the Fed said in a statement. Moreover, regulators require that Morgan Stanley bank provided a new investment plan by the end of the IV quarter of 2016. Yet, they said they do not object the capital...

The competition authority of the European Union said it would hold a thorough check regarding intention of German chemical concern Bayer AG to buy the US company Monsanto, maker of herbicides and seed crops, for $ 62 billion. The statement was made unusually early, even before the EU has received official notification of the transaction. "Our final decision (on the Bayer-Monsanto transaction)...

London's financial center begins to pay a price for the UK's decision to withdraw from the EU. German financial regulator BaFin asked the London Stock Exchange (LSE) and Deutsche Boerse to adjust the merger’s plan, according to Reuters. "It is inconceivable that the major euro zone exchange platform shifted its head office outside the EU, - said BaFin’s president Felix Hufeld. - This definitely...

Having failed in the smartphone market, Canadian BlackBerry is trying to survive by promoting its software division. The vendor’s main goals are government agencies and corporate clients, yet ordinary users of mobile services will not be overlooked as well. BlackBerry announced establishing a partnership with PT Elang Mahkota Teknologi Tbk, one of the largest media companies in Indonesia. The...

IKEA intends to withdraw 29 million chest of drawers and stop selling low-budget Malm line. The company has taken this decision after three infant deaths taken place in the last two years in the US. The chest of drawers had fallen on the baby in each of the cases. IKEA is recalling about 29 million chests, including one of its most popular lines – Malm. The clients will be reimbursed for the...

United Kingdom voted for Brexit, and this decision plunged markets into shock on Friday. However, a small group of hedge funds still managed to make a huge profit out of it. This is especially noticeable given that many funds have bet with minimum risk with regard to customers. "The unprecedentedly low number of incoming messages from clients and modest trading volumes indicate a lull in the...