The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.
Deals
Cudos Capital to raise EUR150 million
The new fund of private equity firm Cudos Capital, which is co-founded by former Austrian chancellor Alfred Gusenbauer, would seek to raise EUR150 million.
Hedge funds' short sales at year-high levels amid volatile market due to US budget impasse
Investors were forced to short sell, or sell securities it does not own, due to the prolonged partial government shutdown.
South Africa economy in danger with BMW investment embargo - analysts
Analysts predicted that the Bayerische Motoren Werke (BMW) AG's move to withdraw its expansion plans in South Africa could affect the country's economy.
St. Jude Medical Inc acquires Nanostim for USD 123.5 million
Minnesota-based St. Jude Medical purchased California-based Nanostim Inc for a price tag of USD 123.5 million.
Latest News
The American retail banking unit of the Royal Bank of Scotland would be worth more if sold, according to a Wall Street banker.
Alibaba planned to transform with the Chinese retail industry by increasing online transactions to almost USD 490 billion.
Europe's clean energy investment had fallen 14% after cheaper US natural gas had lured more investment, said a London-based research firm.
The Wall Street Journal reported that Netflix was in early-stage talks with US cable companies to make its streaming video service available to subscribers using their set-top boxes.
Angola would be imposing a 10% tax on oil firms operating in the country. Angola, the second largest oil producer in Africa, would levy a consumption tax on oil companies.
The helmets for the F-35 fighter jet would have high-tech features that allow pilots to see through the wings and floor of the F-35.
Israel-based Elbit Systems would be making the pilot helmets for the F-35 Joint Strike Fighters. The pilot helmets for the F-35 Joint Strike Fighter would be exclusively manufactured by Israel-based firm Elbit Systems and its US partner, Rockwell Collins.
The Bank of Korea recently announced a USD5.4 billion currency swap deal with the United Arab Emirates for a period of three years.
Royal Mail shares, criticized to be valued too low, had netted hefty profits for its investors. The Abu Dhabi and Kuwaiti sovereign wealth funds have respectively reported a profit of USD30 million each from their investments made in the recently sold UK Royal Mail.
