Herbalife Ltd. (HLF), the vitamin maker accused by hedge fund manager Bill Ackman of being a pyramid scheme, said it will offer $1 billion in convertible senior notes and use some of the money to repurchase common shares. The initial buyers of the notes, due in 2019, will be Bank […]
Business News
Transcorp, GE partner to improve power generation in Nigeria
Press Release Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), and General Electric (GE) have signed an agreement to expand the capacity of TUPL’s Ughelli power plant by1000MW over the next 3 to 5 years. Both parties have also signed a separate agreement […]
Microsoft Said to Be Preparing to Make Satya Nadella CEO
By Dina Bass, Peter Burrows and Jonathan Erlichman January 31, 2014 Microsoft Corp. (MSFT:US)’s board is preparing to make Satya Nadella, the company’s enterprise and cloud chief, chief executive officer and is discussing replacing Bill Gates as chairman, according to people with knowledge of the process. One person the board […]
