Monthly Archives: May 2016

U.S. court rules $24.9 billion Dell buyout underpriced by 22 percent

WILMINGTON, Del (Reuters) - Michael Dell and Silver Lake Partners underpriced their 2013 $24.9 billion buyout of Dell Inc by about 22 percent and may have to pay tens of millions to investors who opposed the deal for the computer maker, a Delaware judg...

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Valeant’s former CEO to receive $9 million severance payment, other fees

NEW YORK (Reuters) - Michael Pearson, the former chief executive officer of Valeant Pharmaceuticals International , will receive a $9 million severance payment and agreed to a consulting agreement worth hundreds of thousands of dollars, according to a ...

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Verizon, Unions Agree to Pay Raises, New Jobs to End Strike

A tentative deal between the company and leaders of striking unions includes 1,400 new jobs and pay raises topping 10 percent, the company and unions representing about 40,000 workers said on Monday.

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UK fashion retailer Austin Reed to wind down

May 31 (Reuters) - British fashion retailer Austin Reed Ltd will start winding down as no viable offer was received for the company over a five-week sale process, its joint administrators said.

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Facebook, Twitter, YouTube, Microsoft Back EU Hate Speech Rules

EU governments have been trying in recent months to get social platforms to crack down on rising online racism following the refugee crisis and terror attacks, with some even threatening action against the companies.

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