Exits

Duracell batteries

P&G to exit Duracell battery business

Procter & Gamble Co (PG.N) said it would exit its Duracell battery business, likely through a splitoff into a separate company, as it looks to focus on faster-growing brands.

Read Full Article
BNY Mellon

BNY Mellon China JV gets regulator approval for exit of U.S. partner

A unit of Bank of New York Mellon Corp, one of the largest wealth managers in the United States, has won regulatory clearance for the sale of its stake in a joint venture with China's Western Securities Co Ltd , as a shake-out continues among partnerships in the country's financial industry.

Read Full Article
Citibank

Citi pulls consumer banks from 11 markets, posts higher profit

Citigroup Inc (C.N) said on Tuesday it would exit consumer banking in 11 more markets, as the most international of the big U.S. banks looks to shrink its way to better profits.

Read Full Article
Reliance

Reliance seeks sale of Eagle Ford stake for up to $4.5 billion: sources

India's Reliance Industries Ltd (RELI.NS) is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co (PXD.N), a sale that could raise up to $4.5 billion, according to people familiar with the matter.

Read Full Article
PIMCO

Pimco Total Return Fund posts record $23.5 billion net outflow in September

Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Bill Gross's surprise resignation from the firm.

Read Full Article
PIMCO Headquarters

Pimco sees $10 billion in withdrawals after Gross exit: WSJ

Bill Gross's exit from the investment firm Pimco had an immediate impact on the company, with investors withdrawing about $10 billion following the announcement, the Wall Street Journal reported, citing a person familiar with the matter.

Read Full Article
Clorox products

Venezuela takes over plants left by U.S. firm Clorox

Venezuela announced on Friday the "temporary" takeover of two plants belonging to U.S. cleaning products maker Clorox Co which has left the country because of difficult economic conditions.

Read Full Article
Grocery

NutraSweet to exit artificial sweetener aspartame business

Artificial sweetener maker NutraSweet Co said on Wednesday it would exit its aspartame business by the end of the year, citing increasing foreign competition.

Read Full Article
DuPont logo in Meyrin

Activist investor Peltz wants DuPont to break up: WSJ

Activist investor Nelson Peltz's Trian Fund Management has called for a break up of DuPont (DD.N), arguing that the diversified chemicals company's overly complex and bloated corporate structure overburdens its seven business lines, the Wall Street Journal reported.

Read Full Article
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.

Read Full Article
Siemens

Siemens to delist from London, Swiss exchanges

German engineering group Siemens will delist its shares from the London and Swiss stock exchanges because of low trading volumes there, it said on Tuesday.

Read Full Article
Carl Icahn

Icahn sells entire stake in Family Dollar - sources

Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc (FDO.N), making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday.

Read Full Article
Citigroup logo

Citigroup seeks to exit Japanese retail banking

Citigroup Inc (C.N) is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anemic lending.

Read Full Article
BHP Billiton sign

BHP unveils spin-off but disappoints with no buyback

The world's biggest mining company, BHP Billiton BHP.AX BLT.L, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.

Read Full Article
Telefonica

Spain's Telefonica in talks to exit Telecom Italia: report

Spain's Telefonica SA is in talks to sell its stake in Telecom Italia in a move that could ease regulatory pressure in Brazil's wireless market, Brazilian newspaper Folha de S.Paulo reported on Friday.

Read Full Article
1 2 3 4 5 6 7 8 9 10  

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics