A survey showed that buyers of distressed debt in Australia favored soured loan acquisitions from smaller firms.
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Chinese economy stable, reforms to push through- Premier Li Keqiang
Premier Li Keqiang said the Chinese economy was stable and that reforms would push through as planned.
US government is looking to exit GM, sells another USD811 million company stock
A released August report by the Treasury Department indicated that the US government would be looking to exit American multinational automaker General Motors (GM) as the state recently sold USD811 million of GM's common stock.
Sheryl Sandberg talks with Internet regulator in China
Sheryl Sandberg met with the State Council Information Office (SCIO), an Internet regulator, in China yesterday.
Norilsk says it is not interested in Uralkali
Nickel producer Norilsk denied reports that it would be acquiring a stake in potash firm Uralkali. Norilsk Nickel said it was not interested in acquiring a stake in Uralkali.
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Voters rejected the casino proposal of Hard Rock International for West Springfield, Massachusetts. The casino proposal of Hard International for West Springfield, Massachusetts was rejected by voters in West Springfield, Massachusetts.
On a September 12 meeting at Dell Inc's headquarters in Round Rock, Texas, the company was expected to announce that CEO Michael Dell and Silver Lake Management LLC got shareholder approval to proceed with the USD24.90 billion leveraged buyout.
About 350,000 shares were sold by Best Buy CEO Joly to pay for divorce but this does not dilute his shareholdings in the company.
The settlement paid out to investors for the collusion between Gen Re and AIG was already approved by US District Judge Deborah Batts.
In an interview with Bloomberg News, China's richest man Wang Jianlin has hired two investment banks to assist his company in planned acquisitions of hotel management companies in the US and London.
The financing aspect of the leveraged buyout of Dell Inc by CEO Michael Dell and Silver Lake Partners was discussed for finalization.
French billionaire Vincent Bollore is Vivendi's largest shareholder and is not seeking a paying position in the French conglomerate.
According to reports by the Wall Street Journal and Reuters, Norilsk Nickel could place a bid to acquire a 21.75% in billionaire Suleiman Kerimov- helmed potash company Uralkali.
After eight months, AT&T finally acquired the LTE spectrum from rival Verizon Wireless in a USD1.9 billion deal.
