According to the Financial Times, Severn Trent, a water and sewage utility, is now the target of a takeover bid by OMERS and the Kuwaiti Investment Authority.
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Verizon Wireless Issues US$7 Billion Dividend by June
Verizon Wireless announces a US$7 billion dividend by June,. The largest US mobile service provider, Verizon Wireless, announced Monday that it would be paying its parent firms Verizon Communications and Vodafone Group Plc dividends totalling US$7 billion in June of this year.
Commercial Bank of Dubai to Issue International Bonds
The Commercial Bank of Dubai has set the price of its bond issue with a volume of US$500 million. The Commercial Bank of Dubai has set the price of its US$500 million international bond issue after the launch of the deal at the higher end of the price guidance, showing healthy investor demand.
Bloomberg Editor in Chief Apologizes
Bloomberg Editor in Chief issues an apology, calling the access as inexcusable. The Editor in Chief of Bloomberg News, Matthew Winkler, apologized Monday for allowing its journalists 'limited access' to sensitive data on how clients utilized the ubiquitous Bloomberg terminals.
Fairway Market Outlook Fair
Fairway Market's outlook is positive but faces challenges especially from its market competitors.
Latest News
AEV to secure funding requirements for power projects in Mindanao and Luzon. Aboitiz Equity Ventures Inc is expecting the finalization of funding requirements for two power generation projects by next month at the earliest.
Current constitutional restrictions on foreign ownership of real property is what is causing the delay in the sale of 60% of the 84% ownership of SMC in Bank of Commerce by CMIB.
Straits Trading accepts bid from United Engineer's Ltd. The Straits Trading Co. , the single largest shareholder in WBL Corp has set a new bar for its share prices after it accepted the United Engineer's Ltd's bid for the dealer of the renowned Bugatti cars.
Icahn recommends new Board of Directors for Dell. The special committee of the board of directors of Dell Inc has formally asked Carl Icahn for specific details of the plan to be implemented that would have the computer maker pay dividends and issue shares as he has proposed.
Elliot Management calls the offer of Hess Corp of two directors a "PR stunt". In a bid to appease Elliott Management, Hess Corp has offered the maverick investment fund two seats on the board.
Petrobras raises funds through debt issues in six tranches totalling US$11 billion. Petroleo Brasileiro SA, the state controlled oil firm from Brazil, has announced the sale of US$11 billion of global debt.
Glass Lewis recommends to shareholders not to vote for proposed executive compensation package. According to proxy advisory firm Glass Lewis, shareholders of Goldman Sachs Group Inc should vote against the proposed executive compensation as the board has 'failed to link pay with performance'.
Twitter acquires Lucky Sort for ramping up of its keyword ad tool functionality. Twitter CEO Noah Pepper recently announced the acquisition of Lucky Sort in order to boost its ad sales and reporting functionality.
Vince Clothing prepares for fall IPO. According to two sources that has first-hand knowledge of the situation related to clothing company Vince, the company is nearing the completion of its preparations for an initial public offering.
