Swatch Group, the largest maker of watches by sales, has acquired Harry Winston's jewelry arm for a total consideration of $750 million. The acquisition also includes assumption of the jewelry arm's net debt of about $250 million.
Brian Robbins
Rogers Communications Inc will be acquiring Shaw Communications' Mountain Cablevision Ltd.
Louis Dreyfus Commodities is planning to buy about 13 percent stake in Namoi Cotton Co-operative Ltd.
Following possible buyout reports with private equity firms, shares in Dell surged about 13 percent.
Transocean Ltd disclosed on its website that Carl Icahn acquired 1. 56 percent of stake in the company.
The Federal Reserve noted a sharp increase in borrowing loans from banks in November. The borrowing figures increased by $16 billion when compared to October.
American Express to cut 5,400 jobs this year.
Dish has made a $2.28 billion offer to Clearwire, which is higher than Sprint Nextel's $2.2 billion offer.
Reports suggest shares of the carrier dropped by 0.4 percent to 3, 765 yen at the close of Tokyo trading, a biggest decline since Dec. 28, Boeing shares fell 2.7 percent.
Cerberus Capital Management LP plans to reduce its stake in Japanese mid-sized lender Aozora Bank Ltd bringing down its stake in the bank from 58 percent to 7.7 percent.
The Hutchinson 3G Austrai-Orange Austria deal, valued at $1.7 billion (1.3-billion-euro), received European and Austrian regulatory approval, giving H3G the opportunity to push ahead with its plan to build a nationwide LTE network in the country.
With rise in demand for car-sharing services in the U.S., Avis Budget Group Inc. has decided to buy out car-sharing company Zipcar Inc. for estimated $500 million.
Qatar-based cable news channel Al Jazeera has reportedly taken over U.S.-based news and opinion channel Current TV for estimated at $500 million.
Sustained economic crisis in Europe has pushed ArcelorMittal into deeper debt, prompting the steel major to hive off 15 percent of its stake in ArcelorMittal Mines Canada.
A consortium of private equity (PE) firms comprising the Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group have struck a deal to buy financial advisory and investment banking firm Duff & Phelps Corp for about $665.5 million.
Subscribe to VCpost newsletter
Most Popular
- Tesla Shareholder Votes Against Elon Musk’s $55 Billion Pay Package, Says 'Tyrant CEO' Abandons EV Maker for His Other Firms
- IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes
- AT&T, Verizon, and T-Mobile to Pay $10 Million Settlement Over Misleading Claims About ‘Unlimited’ Plans
- Investment Banker at Bank of America Dies from Blood Clot, Cited 100-Hour Weeks as Reason for Wanting to Leave
- Silver Dethrones Gold Demand After Surpassing $30 an Ounce, Highest Level Since 2013
- Scam Warning: This is the Most Common Time People Were Likely to Get Victimized
- SNAP Benefits 2024: Storm-Affected Residents to Receive Replacement Applications, Extended Deadline
- Ex- DEI Manager Barbara Furlow-Smiles Receives 5-Year Imprisonment for Allegedly Stealing $5 Million From Facebook, Nike