Convergys to Acquire Stream Global Solutions for $820Million

Convergys, the leading global customer management solutions company (and is the second most top earning BPO company in the country) is reported to be acquiring one of its rival companies, Stream Global Services Inc., for a whooping $820 Million (or Php 35.26 billion) in cash from their private equity owners, making it the largest deal the company has ever made.

Convergys to acquire Stream Global Solutions

Reports on this acquisition caused a 20 percent rise for Convergys’ shares at $24.26 in extended trading after closing at $20.86 last Monday on the New York Stock Exchange, and is expected to bring a $0.35 increase in the earnings-per-share in the first year after sealing the deal, together with more than $3 billion of estimated shared revenue. (more…)

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Super Typhoon Agaton 2014 Hoax Goes Viral [Updated]
Super Typhoon Agaton 2014 Hoax

Super Typhoon Agaton 2014 Hoax Goes Viral [Updated]

The image below has been circulating around the social networks Facebook and Twitter since yesterday. Originally shared from an unofficial Philippine Storm Update fan page, the rumor brings confusions and even panic among whomever got a chance to read it on their news feed.

Super Typhoon Agaton 2014 Hoax
Super Typhoon Agaton 2014 Hoax

It’s true that the first tropical cyclone in the Philippines this 2014 will be named as “Agaton”, but the claims about it being a super-typhoon are baseless. The state weather bureau PAGASA said it has “detected an LPA [low pressure area] based from our different satellite models but its quite far from PAR [or Philippine Area of Responsibility] (more than 3000-4000 km East from Philippine landmass) and as of now, there is no enough proof to conclude that this will turn into a super typhoon like Typhoon Yolanda.” (more…)

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