Wells Fargo takes hit on Heinz purchase. According to Moody's Investors Service Inc, Wells Fargo's credit profile took a hit for itsparticipation in the financing of the HJ Heinz Co purchase.
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US Airways, American Airlines Name Executives to Lead Merger
The airline companies have appointed executives after concluding a merger which would become the biggest air carrier in the world.
Tower's Investment Arm Acquired by Fisher Funds
The investment arm of Tower Ltd. was purchased by fund manager Fisher Funds for NZ$79 million. New Zealand's insurance firm Tower Ltd. said its investment arm was sold to fund manager Fisher Funds in a NZ$79 million deal as it nails down its business focus, the company announced.
Deals of The Day — Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Tuesday. The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday: - Polish state-owned utilities PGE and Energa agreed to buy Iberdrola's 75 percent stake in Renewables Polska for 840 million zlotys ($268 million), PGE said on Tuesday.
Vodafone Claims Able to Invest in Europe without Verizon
Vodafone claims ability to expand in Europe under current circumstances. Vodafone in an announcement said that it need not sell its stake in its venture with Verizon Wireless in order to be competitive in Europe.
Latest News
Carestream up for bids. Medical imaging and healthcare technology solutions provider Carestream Health Inc is now in the process of searching for a buyer for its assets.
US Airways and American Airlines name transition committee merger heads. The merger of US Airways Group Inc and American Airlines would create the world's biggest air carrier.
Vivendi's sale of GVT postponed due to lukewarm price offers. Vivendi is postponing the sale of GVT, its Brazilian telecommunications unit after the French consortium failed to receive purchase offers amenable to its price.
Richter partners with marketing arm to conquer Chinese market. Richter, the Hungarian drug maker has just entered into a joint venture partnership to be able to market its products better in the world's largest market, China.
Apache Partners opens up to new markets with new Global Fund. The UK based investment advisors Apache Partners LLP, founded by Paul Forsyth has recently announced a new fund starting March 22, 2013.
Verizon Awaiting its first LTE Roaming Partner. Verizon Wireless, the North American wireless carrier, is now seeking to sign its first international roaming agreement.
Northstar alleges collusion by Chesapeake and Encana for oil and gas rights. A Michigan landowner is suing both Chesapeake Energy Corp and Encana Corp for antitrust violations alleging collusion between the two energy firms to rig the results of a bidding process for oil and gas rights held back in 2010.
Daimler is not to keen on the reported interest of CIC over shares of the company. German car giant Daimler is not expecting sovereign wealth fund China Investment Corp to continue with its purchase of the ten percent stake in the company.
Hiscox announce dividends for its shareholders. (Photo: Reuters) Rain falls outside a branch of Lloyds TSB in London The second largest Lloyd's of London insurer by market value, Hiscox Ltd has initiated plans to return nearly US$303 million to its shareholders.
