Crescent Real Estate Holdings sold the properties it had bought in 2009 to ride the real estate market recovery.
Deals
EU agreements no threat to Russia according to Ukraine's PM
Mykola Azarov, the Ukranian PM, assured Russia that the EU agreements are no threat to Russia. The prime minister of the Ukraine reached out to Russia to allay fears as to Kiev's plans of signing a free trade agreement with the European Union.
ECB supervision to be operational by January 2014 according to Mersch
Yves Mersch, ECB board member, projected the completion of the staff complement for the regulatory authority by late 2014.
RWE divesting assets and cutting back on labor force
In a bid to cut overall costs, RWE had laid out plans to sell off assets to financial investors as well as cut down on its employee headcount.
India's rule on new airlines may be modified soon
The influx of major global airlines moved the Indian government to review its existing requirements for airlines to be allowed to fly international routes.
Latest News
Sotheby's said it would auction Moet & Chandon Champagne back to 1914 vintage in November. The back to the 1914 vintage Moet & Chandon Champagne would be auctioned at Sotheby's on November 13.
The US government inked a USD 4 billion missile defense contract with Lockheed Martin. Pentagon announced that it had finalized a deal with weapons contractor Lockheed Martin to provide more missile defense equipment to the US and the UAE.
A Reuters report revealed that new independent power supplies in Japan were giving large monopolies a run for their money.
Hedge funds that gambled on Lehman Brothers expected huge payouts as administrators finished recovering assets.
A Reuters analysis revealed that Beijing was looking to private capital to strengthen the balance sheets of Chinese banks.
Blackstone paid Crescent Real Estate USD347 million for Hughes Center complex. One of the largest office owners in the United States, the Blackstone Group, recently purchased another property, specifically the Hughes Center complex located in Las Vegas, NV.
The Federal Trade Commission stamps seal of approval for the acquisition of Arbitron, the radio audience measuring firm, by Nielsen, the television measuring giant.
The Commodities Futures Trading Commission had announced the approval of the applications to operate swap execution facilities for TruEX Group LLC and IntercontinentalExchange Inc.
JP Liquids LLC announced the acquisition of Highway Pipeline Inc's assets through an agreement recently formalized.
