Hedge fund Alden takes over the entire Tribune media group in the USA

Chicago Tribune For more than a year, journalists from the Tribune media group had opposed a takeover by Alden, which has a reputation for forcing even higher profit margins even in an industry tormented by cost cuts and layoffs. (Photo: AP) New York The US newspaper chain Tribune Publishing is completely taken over by the […]

Baloise wants to expand its innovation portfolio

Baloise Baloise is currently worth around CHF 8.3 billion on the stock exchange. (Photo: dpa) Zürich The Swiss insurance group Baloise wants to continue investing in new business approaches and digital offerings. In four years, the “innovation portfolio” should be worth around one billion francs (902 million euros), said Baloise boss Gert De Winter on […]

Telefonica and Allianz start fiber optic project in Germany

The joint venture plans to invest up to five billion euros over the next six years. The Spanish concern Telefonica wants to put 500 million euros in equity in the project – from the Allianz one billion euros is to come through various instruments. Infrastructure investments are interesting for insurers because they promise sustainable returns […]