Standard and Poor's (S&P) had concluded that Playboy Enterprises Inc would likely be under pressure from its USD185 million loan-covenant to reduce its loans and increase its earnings.
Deals
LaSalle Hotel Properties acquires San Francisco-based Serrano Hotel
LaSalle Hotel Properties announced its acquisition of Serrano Hotel for USD71.5 million. Today, LaSalle Hotel Properties had announced acquisition of San Francisco-based Serrano Hotel.
Holcim and Cemex discussing possible means to address difficulties both face in Europe
Holcim would pay Cemex to absorb some of its businesses in Europe. Holcim, the Swiss cement maker, is planing to exchange assets and combine others with Cemex, its Mexican competitor in Europe.
Consortium bids for Simcere Pharma Group
Simcere founder with the firm's CEO formed a consortium to bid for the purchase of Simcere Pharmaceutical Group.
Hesse economy minister says sale of Commerzbank an option
Florian Rentsch, Hesse economy minister, is the first politician to confirm that the sale of Commerzbank is an option considered by the German government.
Latest News
Styrolution Group Chief Executive Officer Roberto Gualdoni had said that joint venture company Styrolution Group could hold an IPO in two years.
U.S. Justice Department asked a federal court to set trial date on March 3 to hear arguments on whether it should halt a planned merger between US Airways and American Airlines.
Plains All American Pipeline LP offered USD740 million in stock to buy the 54% of PAA Natural Gas Storage LP that it does not already own.
AssuredPartners closed its purchase of GBP Risk Solutions, an Arizona-based insurance firm. Florida-based AssuredPartners Inc announced the completion of its acquisition of Golseth & Gregson Insurance Services which does business as GBP Risk Solutions.
Sources told Bloomberg that Inner Mongolia Sanwei Resources Group Co submitted an application for an IPO in Hong Kong worth USD 200 million.
Russian billionaire Roman Abramovich is close to concluding purchase of White Gardens, a top-end office complex in Moscow's business district.
Wal-Mart Stores Inc signed a deal to import South African wine label Seven Sisters in an agreement that ended the legacy of apartheid.
Sources said Grupo Mexico would delay its planned initial public offering of its America Mining stake.
The Hong Kong Stock Exchange would need to make a difficult decision on Alibaba's proposal to retain control after its planned IPO.
