Business News

Verizon to announce $5 billion deal to buy Yahoo on Monday: source

July 25, 2016/Reuters Verizon Communications Inc (VZ.N) will announce an agreement on Monday to buy Yahoo Inc (YHOO.O) for about $5 billion, according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. The deal will end months […]

LafargeHolcim Says to Divest $400 Million Stake in Holcim Lanka

By Peter OBIORA InvestAdvocate New York (INVESTADVOCATE)- World’s building materials and cement producers, LafargeHolcim said on Monday it has signed an agreement with Siam City Cement Public Company Limited for the divestment of its interest in Holcim Lanka for an enterprise value of $400 million. Holcim Lanka operates one integrated […]

Facebook: Aquila’s First Flight: a Big Milestone Toward Connecting Billions of People

July 21, 2016/Facebook Facebook is accelerating its efforts to bring internet connectivity to the four billion people around the world who are not yet online, with the goal of contributing to prosperity, progress and development around the globe. The company’s Connectivity Lab has reached a major milestone in this ambition […]