Indian business conglomerate Sahara India Pariwar has established a big presence in the U.S. hospitality industry by acquiring a 75 percent stake in The Plaza Hotel, New York City for about $570 million.
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Nokia Siemens Sells Optical Fiber Networks Unit
Mobile telecoms equipment maker Nokia Siemens Networks (NSN) decided to hive off its optical fiber networks unit to private equity firm Marlin Equity Partners in a bid to focus solely on mobile broadband.
UBS NEARS DEAL WITH UNITED STATES, UK OVER LIBOR
Swiss bank UBS AG is nearing a deal to settle claims some of its staff manipulated interest rates and could reach agreement with U.S. and British authorities by the end of the year, a person familiar with the matter said on Monday.
Pace of November Auto Sales Races to Near Five-Year High
Auto sales in November were helped by a rebound from storm-ravaged October and the need to replace aging vehicles which put the industry on pace for a near five-year high and left executives optimistic about 2013.
Wall Street Slips After Weak Factory Data
Stocks fell on Monday, with the S&P 500 and Nasdaq erasing early gains as disappointing U.S. factory numbers curbed optimism spurred by positive data on China's economy.
Latest News
Even as Spanish banks look to sell off assets in the wake new regulatory demands requiring them to recognize more losses on real estate stacked up on their balance sheets during the earlier economic boom, leading Mexican financial group Grupo Financiero Banorte SAB de CV (Banorte) has reportedly finalized a deal to buy the Bancomer pension fund owned by Spain's Banco Bilbao Vizcaya Argentaria S.A. (BBVA).
In the wake of strong demand for apartments in key US markets, Lehman Brothers Holdings Inc has decided to sell its property group Archstone to two real estate investment trusts (REITs) -- AvalonBay Communities Inc and Equity Residential -- for a total consideration of $6.5 billion.
Even as ConocoPhilips clears the deck for sale of its 8.4 percent stake in Kazakhstan oil field Kashagan to India's oil & gas major ONGC Videsh for a total consideration of about $5 billion, some of ConocoPhillips' partners in the oilfield project could still exercise their right of first refusal on the stake.
Leading American financial services firm Knight Capital Group, engaged in market making, electronic execution, and institutional sales and trading, is reportedly in talks with rival firms Getco and Virtu for sale of its market making business unit.
Even as the British Government lays the ground for its upcoming Energy Bill that will principally aim to promote a low-carbon energy economy in the country, Japanese energy and engineering major Hitachi has completed the acquisition of Britain's Horizon nuclear project.
Italian truck and tractor major Fiat Industrial and its U.S.-based full line agricultural and construction equipment industries firm CNH Global NV have agreed to merge, whereby Fiat Industrial will acquire 12 percent in CNH that it had not owned already.
Russia's largest oil company Rosneft is all set to buy a 50% stake in TNK-BP from BP for a total consideration of about 55 billion.
Even as private equity and other investors train attention on Australian food manufacturers, reports indicate that Blackstone Group LP and China's agribusiness firm New Hope Group have entered the final round of bidding for Australia's largest poultry producer Inghams Enterprises which owns the Ingham Chicken brand.
Even as consumer companies and prescription drug-makers zero in on emerging opportunities in the OTC healthcare market, global consumer goods major Reckitt Benckiser has inked a deal to acquire US group Schiff Nutrition for $1.4 billion.
