Johnson Controls Inc. is discussing with private equity firms about selling its automotive electronics arm priced at US$1 billion.
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Itau Unibanco to Acquire Stake in Credit Card Business
Itau Unibanco Holding SA announced on Monday acquisition of 51% stake in Cencosud's credit card business.
Another Activist Investor Pressures Tim Hortons
Canadian restaurant chain, Tim Hortons faces another pressure from activist investor, Scout Capital Management after its announced stake increase in the company by 5.5% from the previous 1.5% as of the end of March.
J&J Engages in US$1 Billion Deal to Boost Prostate Cancer Treatment
Johnson & Johnson announced that it would pay US$1 billion to Aragon Pharmaceuticals and its experimental drugs for prostate cancer treatment.
Third Point Raises Stake in Sony Corp
Last Tuesday, Third Point LLC announced that it had raised its stake in Sony Corp to 70 million shares valued at US$1.4 billion.
Latest News
Sprint Nextel sued Dish on Monday after stating that its rival company violated the Delaware law. (Photo : REUTERS/Keith Bedford)People talk on their cell phones as passers-by walk past a Sprint store in New York.
According to sources, Talisman is looking into selling its shale assets in Eagle Ford to raise US$2 billion.
Warburg Pincus is set to form an investment fund for Delonex Energy and its plans for oil exploration in Africa.
Verizon Communications, among other telecoms firms, may seek to participate in the Canadian wireless market.
Siemens to close Solel, its solar energy unit after failing to sell off the business. (Photo : Reuters)The image is the corporate logo of Siemens. Siemens, the German industrial conglomerate, has announced the shutdown the last unit of its solar energy business after it had failed to find a purchaser for the business.
In a bid to uplift consumer confidence, Beijing's Central Huijin Investment Co had invested in banks in the form of share purchases.
Tunisia received loan facility from IMF to boost capitalization of local banks. (Photo : Reuters)The image is the corporate logo of the International Monetary Fund.
A letter from the Economic Ministry requests removal for the voting rights ceiling currently in force at Banca Monte dei Paschi di Siena SA.
Etihad Airways has forged an agreement with JAT Airways of Serbia. (Photo : Reuters)The image is the corporate logo of Etihad Airways. Etihad Airways of the United Arab Emirates has entered into an preliminary agreement with the government of Serbia as to a possible equity investment by the Gulf region airway in the country's JAT Airways.
