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Disney expects up to US$190 million loss from 'The Lone Ranger'

Walt Disney Co said it expects to record a loss of up to US$190 million for its summer movie, 'The Lone Ranger.


IVG sees hope in the horizon for debt restructuring deal: sources

Sources told Reuters that last-minute talks held by German real estate company IVG with creditors could make its debt restructuring deal a possibility.

IGIS acquires Seoul's Twin Tree Towers for USD 316 million

KTB Asset Management Co announced the successful sale of its Seoul property, the Twin Tree Towers, to IGIS Asset Management Co.

Chris Brown down to last album 'X', but may still bring sizable profits to Sony

If Chris Brown is to be believed in his latest tweets, he has announced his retirement as a global music artist with 'X' as his last album, which is due for release by the end of this month.


Latest News

Microsoft launched a new tool that would help it increase the number of apps in its mobile platform.
Manila Electric Co (Meralco) Chairman Manuel Pangilinan confirmed his company's interest in the power assets of San Miguel Corp (SMC).
The drop in first-half profits and loan writedowns of Bank Austria proved that boom times are over in central and eastern Europe (CEE).
The Warsaw Stock Exchange (WSE), also known as the Giełda Papierów Wartościowych w Warszawie (GPW), said it aims to purchase an equity stake of up to 30% from Aquis Exchange.
Sources told Reuters that Wal-Mart Stores Inc is thinking of bidding ParknShop, the supermarket business owned by Li Ka-shing.
Ray Investment, the private equity owner of Rexel, announced that it plans to sell another 10% of its stake in the French company.
International Finance Corporation revealed it would be increasing its investments in Nigeria by 25% to US$2 billion by 2014.
Spanish officials sold a controlling stake in Project Bull to H.I.G. Capital for around EUR100 million.
Reports suggested that Cohen & Steers Inc. is shutting down its private equity real estate operations.
A joint venture between Tower Realty Partners, Second City Capital Partners, and the affiliates of Feldman Equities bought a 187,000 square foot St. Petersburg building for US$20 million.