TNK-BP has posted 13% decline in net profit for the year 2012 after it agreed to be acquired by Russia's oil producer Rosneft.
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BCBG Sale to Reach US$1 billion
BCBG sale may reach US$1 billion BCBG Max Azria Group Inc, the fashion house to stars such as Beyonce and Angelina Jolie, is now expecting to sell at an amount nearing US$1 billion.
Y&R Acquires Majority Stake of C-Section
Y&R, the wholly-operating company owned by WPP PLC, has acquired a majority stake of Turkish C-Section.
Mediwatch Dissolves Joint Venture with Genesis Medical
Mediwatch and Genesis Medical have agree to dissolve their joint venture after they did not agree on several commercial aspects during their negotiations.
Allianz German Business Unit Eyes Growth While Exploring Merger Opportunities
Allianz has been in the focus of its own growth in the German market. The business unit of Allianz in Germany has been considering merger opportunities in the Germany market as it focuses on increasing its business presence, according to Markus Riess, unit head.
Latest News
Freeport reached an agreement to acquire Plains Exploration & Production Co. and McMoran Exploration Co. with proceeds to fund its move to enter oil and gas production market.
Bankia announced it expects to recover the money it requested to the government for bailout as it sees signs of recovery.
Clearwire gets money from Sprint yet still allows bid from Dish. Clearwire Corp announced it would draw on the debt money provided by Sprint Nextel Corp.
There is still no timetable agreed when to dispose the 82% stake of the government in Royal Bank of Scotland.
RBS has reported good earnings that it hopes to influence the government to sell its 82 percent stake in the company.
The EMEA GSPS business of Morgan Stanley has been sold to Compuetershare. In an announcement, Morgan Stanley had reached an agreement to sell the EMEA market of its Global Stock Plan Services .
Vivendi is said to put the sale of its Brazilian broadband internet company GVT on hold as it faces lower bids than the asking price.
Scams on fraudulent private equities rob individuals of hard earned money. The city of Tianjin in China was rocked with controversy as thousands of retail investors claimed they were tricked by a group that offered illegal wealth management products.
Blackstone invests in Indian commercial real estate. Private equity firm Blackstone Group LP is leading the charge for investments into India's commercial real estate market after the recent global recession has lowered interest in its once red hot residential market.
