CBS Outdoor Americas Inc. will seek to buy smaller U.S. billboard companies following its $560 million initial public offering, ramping up competition with Lamar Advertising Co. and Clear Channel Outdoor Holdings Inc.
On his first day as coach of the Los Angeles Lakers in 1999, Phil Jackson pulled Shaquille O’Neal aside and offered him a deal. Do it my way, Jackson said, and I guarantee that you’ll win the National Basketball Association’s Most Valuable Player award. If you don’t, enjoy free rein on the court.
Telstra Corp., Australia’s largest phone company, increased its dividend for the first time in nine years as it boosted its share of the domestic mobile market and awaited funds from the sale of a Hong Kong unit.
Volvo AB, the world’s second-largest truckmaker, agreed to sell its unprofitable North American construction-equipment rental business to Platinum Equity for 7.2 billion kronor ($1.1 billion) to focus on manufacturing.
Angry workers at a central France foundry owned by Platinum Equity LLC have placed about 20 gas demijohns converted into “mini-bombs” at the plant set for closure, in a last-ditch attempt to get President Francois Hollande’s attention.
Don Ahern, who built Ahern Rentals Inc. from mom-and-pop beginnings into an equipment empire with $382 million of annual revenue, is running out of time to keep his company out of the hands of buyout billionaire Tom Gores.