Gannett raises USD1.25 billion for Belo acquisition

The Washington Business Journal said Gannett Co Inc was able to raise USD1.25 billion in debt offering to fund its USD2.2 billion acquisition of Belo Corp.


Twitter to avoid Facebook's mistakes

Twitter, with its more than million followers, would grow in the future avoiding Facebook's pitfalls.

Reliance Capital Asset show growth from previous year

Reliance Capital Asset Management Ltd performed better this year compared to last year, mainly due to increased advertising revenues.

US investment companies bid for Lloyds Irish portfolio -sources

Three US investment companies reportedly placed bids for the Irish properties of Lloyds Bank. Sources told Bloomberg that Lone Star Funds, Apollo Global Management and Goldman Sachs Group Inc had placed bids for the Irish properties that were put up for sale by Lloyds Banking Group.


Latest News

The American Association of Physicians of Indian Origin and the American Heart Association Liaison Committee join in a programme on stroke and heart attack education in the US and in India.
Oracle Corp founder Larry Ellison agreed to give up 95% of his USD575 million payout from terms of a buyout agreement with Pillar Data Systems Inc in order to appease the software company's investors.
Rosneft deputy chairman Andrey Kostin said that even if the buyout of the minority share of TNK-BP Holding garnered criticism, the deal had followed good governance and legal practices.
US buyout firm TPG had opened discussions with Manappuram Finance for a possible minority shareholdings.
Confie Seguros bought three insurance brokerages located in New York and Texas for an undisclosed amount.
Solera Holdings said it would be buying USD 289 million worth of equity interest in Service Repair Solutions Inc from Welsh Carson Anderson & Stowe via a joint venture agreement.
Educational company Anima Educacao would be undertaking a USD 158 million IPO later this month. Brazil-based educational firm Anima Educacao said it had set an initial public offering later this month.
McDonald's representatives told the Company Law Board that the removal of its partner was due to actions violative of their joint venture agreement.
Barclays Plc (BARC) said in a statement that it had managed to sell around GBP472 million or USD761 million worth of rights issue stock.
An Italian government official said on Italian radio that Finmeccanica had agreed to exit from its controlling stake in Ansaldo Energia.