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Tag: DEAL1

Taxes can be key to social justice, pope tells business leaders
Business

Taxes can be key to social justice, pope tells business leaders

Pope Francis gestures during the meeting with the participants of the International Congress of Catechists at the Vatican, September 10, 2022. REUTERS/Remo CasilliRegister now for FREE unlimited access to Reuters.comRegisterVATICAN CITY, Sept 12 (Reuters) - Taxes are "an often misunderstood" tool of social justice and should not be seen as an example of a government overstepping its powers, Pope Francis told an audience of Italian business leaders on Monday.The Argentine-born pope spoke ahead of a general election on Sept. 25 in Italy, a country noted for endemic tax evasion, where a right-wing coalition promising major tax cuts is on course for a clear victory. read more "What taxes and duties are in the modern world and democracies is very important, [they are] an often misunderstood...
Emirates picks Thales-made entertainment system for A350 fleet
Entertainment

Emirates picks Thales-made entertainment system for A350 fleet

The logo of Thales is seen on a company building in Brest, France, March 14, 2022. REUTERS/Stephane MaheRegister now for FREE unlimited access to Reuters.comRegisterPARIS, Sept 8 (Reuters) - Thales (TCFP.PA) on Thursday announced that Emirates chose to equip its future Airbus A350 fleet with a passenger entertainment system made by the French aviation supplier."This new fleet of A350's will be equipped with Thales' premier AVANT Up inflight entertainment solution to offer the finest cinematic and personalized customer experience", Thales said in a statement.The system consists of 4k displays offering over 5,000 television channels, bluetooth connections, Wi-Fi, and various charging ports for portable devices.Emirates has ordered 50 Airbus A350-900 long-haul aircraft with deliveries sche...
CVS in advanced talks to buy Signify Health for about $8 bln – WSJ
Health

CVS in advanced talks to buy Signify Health for about $8 bln – WSJ

CVS Health logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/Register now for FREE unlimited access to Reuters.comRegisterSept 2 (Reuters) - CVS Health Corp (CVS.N) is in advanced talks to buy home-healthcare company Signify Health Inc (SGFY.N) for about $8 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.CVS appears to have beaten competition including Amazon.com Inc (AMZN.O) and UnitedHealth (UNH.N), who had also been circling Signify for a deal, according to the report. (https://on.wsj.com/3CVi2h1)UnitedHealth never submitted an official bid, WSJ said.Signify has been exploring strategic alternatives since earlier this summer, but there is still no guarantee that CVS will reach a deal, the report...
NewAge, seller of health and wellness products, files for bankruptcy in Delaware
Health

NewAge, seller of health and wellness products, files for bankruptcy in Delaware

Register now for FREE unlimited access to Reuters.comRegisterAug 30 (Reuters) - NewAge Inc (NBEV.O), a direct-to-consumer seller of health and wellness products, filed for bankruptcy on Tuesday and said it plans to sell itself, after disclosing material weaknesses in its financial reporting.The Midvale, Utah-based company and three affiliates sought Chapter 11 protection from creditors with the U.S. bankruptcy court in Delaware.Tuesday's filing came three weeks after the company received a default notice on a loan agreement.Register now for FREE unlimited access to Reuters.comRegisterNewAge said it had $310.9 million of assets and $149.4 million of debts as of the end of 2021.In a regulatory filing, NewAge said it received a $28 million bid from an entity known as DIP Financing LLC to b...
Australia’s Ramsay Health gets ‘inferior’ alternate offer from KKR-led group
Health

Australia’s Ramsay Health gets ‘inferior’ alternate offer from KKR-led group

Aug 25 (Reuters) - Australia's Ramsay Health Care Ltd (RHC.AX) said on Thursday it received a "meaningfully inferior" alternate proposal from a group led by KKR & Co (KKR.N) that would allow it to retain a 37% stake in its Paris-based unit Ramsay Generale De Sante (GDSF.PA).Ramsay currently owns over 52% shares in the Paris-based Ramsay Generale De Sante (Ramsay Sante). If accepted, the alternate offer would give the consortium a 15% stake in the hospital operator, while Ramsay shareholders would retain the balance. read more In April, the consortium comprising of private equity giant KKR and Australian pension fund HESTA, among others, made a cash offer of A$88.0 per share - valuing it at around $15 billion - and had been allowed due diligence on a non-exclusive basis.Register now...