Despite the rally posted by Sears Holding Corp on the stock exchange this year, which made it one of the best performers of the US listed stocks held by hedge fund ESL Partners, a Bloomberg report said some of the investors of hedge fund were not happy about it at all.
Deals
BNP Paribas says it will purchase Polish unit of Rabobank Groep in EUR 1 billion deal
BNP Paribas, the largest bank in France, said it will be buying Bank Gospodarki Zywnosciowej, the Polish arm of Dutch bank Rabobank Groep, for EUR 1 billion.
AT&T to take on T-Mobile for control over Verizon's spectrum block
AT&T will be up against smaller rival T-Mobile should the former decide to offer a bid for Verizon Wireless' spectrum block. Verizon, which bought the asset for USD2.4 billion, is seeking to generate USD2.75 billion from the sale.
Colorado-based firm CSG International acquires Volubill key assets
Colorado firm CSG has bought the key assets of mobile and broadband policy and charging solutions provider Volubill in a deal that will help CSG expand its market reach.
US FCC gives nod to Verizon buyout of Vodafone's stake in Verizon Wireless
The US Federal Communications Commission (FCC) has approved Verizon's to buyout of Vodafone's stake in Verizon Wireless for USD130 billion, giving Verizon full ownership of the said network.
Latest News
Australia-based news firm APN News & Media has agreed to exit from its remaining stake in outdoor advertising company APN outdoor for USD69 million, prompting a 5% increase in its shares.
International law company Eversheds expands in Africa through partnerships with Mahons Attorneys in South Africa and El Heni in Tunisia. Both firms will be rebranded as Eversheds.
India-based mobile operator Bharti Airtel has raised EUR750 million in a bond issue that received bids worth EUR3.8 billion. The bond issue aimed to refinance the company's existing debt.
According to a slew of venture capitalists at a book panel for Georgetown Angels general partner Andrew Romans' new book, the amount of funding new startups could secure depends on its networks.
A report from The Wall Street Journal said more and more entrepreneurs and young companies were taking part in test runs at the state level for new federal rules regarding equity crowdfunding.
General Motors (GM) is investing USD11 million to build a new source of energy for its Fort Wayne Assembly Plant, a move that will save the company USD5 million a year.
Top executives of shipping companies Compania Sud Americana de Vapores and Hapag-Lloyd were reportedly negotiating a merger deal. Vapores has suffered losses and is seeking for ways to become more competitive.
NRG Yield Inc, a unit of NRG Energy Inc, has agreed to purchase the assets of Nebraska-based Energy Systems Company for USD120 million in cash.
A source told Reuters that Qinhuangdao Port Co is going to be setting the price of its planned initial public offering at HKD 5.25 per share, which is the bottom of its indicative range.
