Business News

Vodafone agrees $10 billion deal to buy Spain’s Ono

Vodafone Group Plc has agreed to buy Spain’s largest cable operator Ono for 7.2 billion euros ($10 billion), in the latest move by the British group to rebuild its European operations with a broadband offering. Vodafone said on Monday the deal would enable it to offer a combination of mobile […]

Alibaba Said to Plan to File for U.S. IPO as Soon as April

Alibaba Group Holding Ltd. is preparing to file for an initial public offering in the U.S. as soon as April, according to people with knowledge of the matter. China’s largest e-commerce company is working with New York-based law firm Simpson Thacher & Bartlett LLP as it gets ready to sell […]

Mollenbach Resigns from Honeywell Board on Health Grounds

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Conglomerate, Honeywell Flour Mills Plc, Friday announced the resignation of Erik Mollenbach from its board based on health grounds. Mollenbach was non-executive director of the company; he was former managing director (MD) at Fan Milk Plc and RT Briscoe respectively. He is a graduate of […]