Alcatel-Lucent plans to sell its assets for Eur1 billion to stem losses and focus on the businesses including ultra-high speed internet.
Deals
SunGard Data Systems seeking divestment of data managing operations
SunGard Data Systems seeks buyers for its data management operations. (Photo : Reuters)The image is a computer mouse being used. Computer software maker SunGard Data Systems Inc was privatized back in 2005 for US$11.
Ken Glass establishes Cold Mountain Capital
Ken Glass establishes Cold Mountain Capital, the new investment and management firm. Chairman and founder of TECT family of businesses and Stony Point Group, Ken Glass, announced recently the launch of a new investment management firm Cold Mountain Capital LLC.
German Court Takes on Porsche Lawsuit
A Braunschweig-based court issued its decision to take the Eur2 billion damages lawsuit against Porsche SE to a specialized court.
Fairfax to Increase Stake in Eurobank Properties
On Wednesday, Fairfax Financial Holdings said it would increase its stake in Eurobank Properties by 42% from the previous 19%.
Latest News
Dalian Wanda Group invested US$1.6 million in yacht manufacturer Sunseeker International Ltd. and a London property that included a five-star hotel.
Farallon Capital Management LLC acquired 9.91% stake from Nathan Tinkler making the fund the largest shareholder at Whitehaven Coal Ltd.
Google Inc. is looking actively for acquisitions from private equity alliances to help it structure its deals.
Japan's Astellas Pharma looks to sell its dermatology portfolio valued between US$500 million to US$1 billion.
Huawei Technologies Co said it had no plans to acquire Nokia as stated by the company's Vice President for external affairs.
Eastman Kodak Co. said on Tuesday that it will seek court approval to sell its rights priced at US$406 million.
Dish Network abandons its bid for Sprint Nextel before the Tuesday deadline stating that adding a new offer is impractical.
Carl Icahn promised Dell shareholders to buyback US$16 billion of its stock if they will join his campaign against privatization of the computer maker.
Two US legislators urge the Obama administration to carefully review the American-US Airways Deal as flight prices might go up or customer service might deteriorate.
