Category: Economic Affairs

Columbia Bank clients have now access to Apple Pay.

Columbia Bank officially declared that its clients will have access through their personal and business cards to Apple Pay. Apple Pay will offer Columbia Bank’s customers the ability to conveniently make purchases in a single touch while maintaining security and privacy.  Customers can add their Columbia Bank debit and credit cards to Apple Pay and…

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The Kraft Heinz Company Announces Successful Completion of the Merger between Kraft Foods Group and H.J. Heinz Holding Corporation

The Kraft Heinz Company (NASDAQ: KHC) is pleased to announce the successful completion of the merger between Kraft and Heinz. The transaction creates the third-largest food and beverage company in North America and the fifth-largest food and beverage company in the world with an unparalleled portfolio of iconic brands. The complementary nature of the two…

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Intel to Acquire Altera

Intel Corporation (NASDAQ: INTC) and Altera Corporation (NASDAQ: ALTR) today announced a definitive agreement under which Intel would acquire Altera for $54 per share in an all-cash transaction valued at approximately $16.7 billion. The acquisition will couple Intel’s leading-edge products and manufacturing process with Altera’s leading field-programmable gate array (FPGA) technology. The combination is expected…

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U.S.-EU Financial Markets Regulatory Dialogue Joint Statement

Participants in the U.S.-EU Financial Markets Regulatory Dialogue (FMRD) met on January 12, 2015 to exchange information on regulatory developments as part of their ongoing dialogue, and discuss their strong cooperation and shared interests in continuing to implement and enforce robust standards, including those on the G-20 financial regulatory agenda.  Recognizing the continued importance of U.S….

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Investors Seek to Buy Adidas’s Reebok Unit

A consortium of investors from Hong Kong and Abu Dhabi is launching a bid to buy Reebok from Adidas AG in a move that, if successful, would unwind an eight-year-old marriage of sneaker makers that has shown disappointing results. Jynwel Capital, the investment arm of the billionaire Low family of Asia, and funds affiliated with…

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The retirement plan from Deutsche Bank becomes Fidelity Banks newest costumer.

October 14, 2014 Deutsche Bank and Fidelity Investments combined forces to provide 401(k) retirement plan for the bank’s 22,000 plan members including professionally administered account services and a self-directed brokerage window. The plan represents the management of goods worth $2.4 billion. “Fidelity continues to make significant investments in the technologies necessary to provide the best…

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Nuveen Investments successfully bought by TIAA – CREF.

October 1, 2014 TIAA – CREF, a dominating financial services provider, declared recently that it has successfully acquired Nuveen Investments, a diverse investment management firm.   “The closing of this transaction marks an exciting moment in TIAA – CREF’s 96-year history as a financial services firm committed to making a difference for those who make…

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