Fund firms threatened the privatization of Lloyds Banking Group until rulings are clarified by banks and regulators.
Deals
UPDATE: Nokia Buys Siemens Stake in Joint Unit for US$2.2 Billion
Finland based Nokia bought Siemens AG’s stake in the telecoms-equipment venture company priced at Eur1.7 billion.
McDonald’s May Look at QIP, FPO to Raise Funds
Hardcastle Restaurants looks at raising funds through a qualified institutional placement (QIP) or a follow on public offer (FPO) as it planned to double its store chains in India.
IPOs Double to U$42 Billion Prior Market Reversal Curbing Sales
Initial public offerings were raised to US$42 billion in the second quarter from the previous US$20 billion made during the first quarter.
Blackstone, Lion Capital to bid for Lucozade, Ribena
GSK was offered a formal takeover bid priced more than a billion pounds for its soft drink brand Lucozade and Ribena by Blackstone and Lion Capital.
Latest News
France announced sale of its 4.69% stake in ADP, a Paris airport operator to Vinci and Credit Assurances.
Maria Fekter, Austria's Finance Minister was confident about getting the deal from EU after some negotiation.
The International Monetary Fund said the markets overreacted even if the US Federal Reserve didn't know how to stop buying bonds.
Through rights offering with private investors, Greece's Piraeus Bank would be able to raise Euro 7.33 billion.
General Council for Islamic Banks and Financial Institutions intends to expand to adjacent countries.
World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.
ThyssenKrupp would sell off its European steel business, according to its CEO. (Photo : Reuters)The image is the signage in front of the ThyssenKrupp corporate headquarters.
The IPO of Associated Materials is well on its way as it chose the banks to manage the sale. (Photo : Reuters)The image is a home building store. The plan to introduce shares of Associated Materials to an IPO is well underway as buyout firm Hellman & Friedman LLC has picked the banks to manage the home building materials manufacturer's share sale.
Noodles & Co increased above its price range during the first day of trading and sold 5.36 million shares valued at US$18 per share piece yesterday.
