Lloyds Banking Group shares set to be sold to retail investors Lloyds Banking Group announced that half of the government's GBP18 billion stakes in Lloyds is expected to be sold to retail investors.
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Silicon Valley Banks looks for loan receiver
Silicon Valley Bank requested a loan receiver for Alvarion Ltd over a US$3 million debt that the bank says it cannot pay.
Fossil and Safilo announces renewal of licensing agreement
Safilo Group and Fossil Group, Inc, announced the renewal of their eye wear licensing agreement Safilo Group and Fossil Group, Inc, announced the renewal of their eyewear licensing agreement for the distribution, design and manufacturing of the FOSSIL branded optical frames and the addition of new design for sunglasses.
RWE and Qatar in negotiation for purchase of DEA unit
RWE and Qatar are currently holding talks about possible purchase of RWE's DEA oil and gas exploration and production unit.
Orix Corp. to expand equity holdings to Southeast Asia, Middle East
Orix Corp. stated it would invest half a billion dollars in fast growing markets. Japan's most active financial firm in acquisition, Orix Corp. , revealed plans to spend JPY50 billion (US$506 million) on buyouts around Southeast Asia and the Middle East within the next 12 months tapping on faster-growing markets.
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RadioShack revealed that they are in talks with investment banks regarding firm's financial health.
French Crédit Agricole and its investment bank unit asked employees to cut costs. French bank Crédit Agricole launched a program to cut its costs by sending members of its investment-banking unit a memo to reduce travel, lodging, meal expenditures.
Zurich Financial Services sold its shares in New Life China Insurance Co Ltd for US283 billion Zurich Financial Services AG announced that they have sold US$283 million worth of shares in New China Life Insurance Co Ltd.
Miami is reported to top US in foreclosures amid private-equity buying and bank property selling. In a report where areas were ranked by foreclosure rates released in June, Miami came at the top among major U.
Icahn offered Dell Inc. shareholder improved deal and a warrant. Billionaire investor Carl Icahn revealed that he wants Michael Dell to improve his US$24.
Three shareholders at Dell Inc said that they would vote against Michael Dell and Silver Lake’s proposed buyout offer valued at US$24.4 billion.
Samin Tan agreed to buy Bumi Plc shares for US$223 million Coal tycoon Samin Tan has agreed to a US $223 million deal that would elevate his stakes in Bumi Plc to over 47%.
Schneider Electric announced that they are in early talks to buy Invensys for US$5billion. Schneider Electric announced that they are in early talks to buy Invensys Plc.
US senators have announced a plan to reintroduce Glass-Steagall Act. U. S. Senator Elizabeth Warren, a Massachusetts Democrat, reported she and a team of lawmakers are introducing a bill geared at a revived Glass-Steagall Act.
