Deals

Sinopec

Sinopec sells $17.5 billion stake in retail unit to investors

Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.

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Heineken Beer

Heineken confirms, rebuffs SABMiller bid

Dutch brewer Heineken HEIN.AS said on Sunday it was approached by larger rival SABMiller SAB.L about a potential takeover but that its controlling shareholder intended to keep the company independent.

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Nestle

Tough time to sell Ukraine president's "mouthwatering" candy empire

A chance to buy the candy empire of Ukrainian President Petro Poroshenko is the kind of opportunity in a fast-growing market that would normally have multinational confectioners - like Nestle or Cadbury's parent Mondelez - drooling at the prospect.

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China President

China on track to develop Indian railways as Xi heads to South Asia

China will pledge to invest billions of dollars in India's rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbors' first summit since Narendra Modi became prime minister in May.

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Allianz

Allianz plans to sell U.S. consumer business: paper

German insurer Allianz is planning to sell the personal insurance business of its U.S. subsidiary Fireman's Fund as the unit continues to miss its targets, a German newspaper reported.

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Canada

Canada ratifies China deal, may help smooth relations

Canada has finally ratified a foreign investment protection agreement with China after a two-year delay in a step that may help ease tensions between the two countries and smooth the way for a possible visit to China by Prime Minister Stephen Harper.

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HP

HP exploring sale of photo sharing service Snapfish - source

Hewlett-Packard Co is exploring the sale of its web-based photo sharing service Snapfish, and has held discussions with multiple private equity and industry buyers, a person with knowledge of the situation said.

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The Denver Post Chairman and Publisher William Dean Singleton

Denver Post publisher Digital First considering selling itself

Digital First Media, publisher of Denver Post and San Jose Mercury News, said it was considering selling itself as part of a review of its options.

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RadioShack Corp

RadioShack mulls $585 million financing package from UBS, Standard General: WSJ

RadioShack Corp (RSH.N) is evaluating a $585 million financing package led by UBS AG (UBSN.VX) and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, the Wall Street Journal reported, citing people familiar with the matter.

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Citigroup Inc

Citigroup seeking to sell Diners Club business in Japan with retail unit-sources

Citigroup Inc (C.N) on Friday told bidders for its Japanese retail banking operations that it was looking to sell its profitable Diners Club card business in Japan with the retail unit, sources with knowledge of the matter said.

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Gold Mining

Tarsis Closes Financing

Tarsis is pleased to announce that the Company has closed the $450,000 financing as previously announced. The financing was comprised of 9 million units. Marc Blythe, President & CEO, commented that "We were very pleased with the support shown from our existing shareholders and a few new strategic shareholders.

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Telefonica Sa

Mexico's Salinas to buy Televisa Iusacell stake for $717 million

Mexico's Grupo Salinas said on Wednesday its chairman will buy out its partner Grupo Televisa's (TLVACPO.MX) 50 percent stake in the country's No. 3 wireless operator Iusacell for $717 million and seek a strategic partner to build up the carrier.

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The Twitter logo

Twitter to raise $1.3 billion through debt offerings

Twitter Inc (TWTR.N) said it plans to raise $1.3 billion by issuing convertible senior notes, its first debt offering since its market debut in November. Twitter shares fell about 1.5 percent in extended trading on Wednesday.

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Jack Ma

Alibaba's record IPO covered after first few roadshow meetings: sources

Alibaba Group Holding Ltd (IPO-BABA.N) has received enough orders for its record-breaking initial public offering to cover the entire deal within just two days of its launch, people familiar with the IPO process said on Wednesday.

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The logo of Venezuela's oil company PDVSA

PDVSA seeks bids for Citgo in potential $10 billion deal - sources

Venezuela's state-run oil company PDVSA [PDVSA.UL] is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp [PDVSAC.UL] by the end of September, a deal that could fetch up to $10 billion, according to two people familiar with the matter.

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