Fred Smith has taken FedEx Corp. from an idea in a college essay to the world’s biggest cargo airline over the past four decades. Now the company has to figure out how to plan for the founder’s eventual departure.
Matterhorn Capital has offered 190 million pounds ($296 million) for Carphone Warehouse Group Plc co-founder David Ross’s property portfolio, the Sunday Times reported, without saying where it got the information.
Cosalt Plc, the U.K. marine safety company founded in 1873 by a cooperative of fishing-boat owners, fell to the lowest since at least May 1989 after an approach by chairman and Carphone Warehouse Group Plc co-founder David Ross.
David Ross , the co-founder of Carphone Warehouse Group Plc, may sell his property venture Kandahar Group, because it’s breaching covenants on a 247- million pound $401 million) debt facility, the Sunday Telegraph reported, without saying where it got the information.
The Boston Red Sox signed former Texas Rangers catcher and first baseman Mike Napoli to a three- year, $39 million contract, MLB.com said, adding a slugger who’s hit a combined 54 home runs over the past two Major League Baseball seasons.