Tag Archives: close

Verizon close to Yahoo deal, price cut of $250-350 million – sources

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc’s (YHOO.O) core internet business for $250 million to $350 million (£200.7 million to £281 million) less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade Yahoo to amend… Read More »

Tata Steel may close UK pension scheme – union source

Tata Steel UK is looking at closing its defined benefit pension scheme to future accruals and move members onto a defined contribution pension instead, a union source said on Wednesday. Britain’s largest steelmaker is seeking a way to lessen the British Steel Pensions Scheme’s deficit, which is one of the main stumbling blocks in talks to merge Tata… Read More »

Macy’s to close 100 department stores

US department store chain Macy’s is to close about 100 stores and increase investment in its online business after 18 months of sliding sales. Total sales fell 4% to $5.87bn in the second quarter after falling 7.4% in the first three months of the year. As in the UK, department stores in the US have been struggling with… Read More »

Millennial women turning to social media to close business deals

illennial women are most likely to embrace social media to close business deals, a new study shows. Just under half of women aged under 35 agreed it enabled them to improve relationships with customers and prospects compared to 41 per cent of men, according to data seen exclusively by Telegraph Women. Out of more than 1,000 professionals surveyed by… Read More »