PPR is preparing to spin off its Fnac book and electronics stores. (Photo : Reuters)The image is of PPR CEO speaking before shareholders. The French company that owns the Gucci brand, PPR SA, is in the process of spinning off its Fnac book and electronics stores.
Deals
Intercontinental Exchange Inc, NYSE Euronext Agree To Merger
Intercontinental Exchange Inc and NYSE Euronext has officially merged into a $20 billion worth company after their respective shareholders unanimously approved the deal on Monday.
Shire, Teva Pharmaceutical Settle Patent on Intuniv
Shire Plc (SHP) pulled off a settlement agreement with Teva Pharmaceutical Industries Ltd. (TEVA), enabling the later to manufacture cheap generic copies of Intuniv.
IVG To Propose Restructuring Plan
IVG, the German property firm, is planning to present a restructuring plan to its shareholders for debt repayment.
Vodafone to Expand UK Investments
Vodafone to put in another GBP900 million for the completion of the 4G network of the company. The second largest wireless company in the world, Vodafone Group Plc, has announced that it would be inreasing its UK investments by a whopping 50%.
Latest News
Exor sells off its 15% share in SGS to help in the Fiat acquisition of Chrysler. (Photo : Reuters)The image is the corporate logo of Exor, the holdings firm.
Zain Saudi has entered into an agreement with the Saudi Arabian Ministry of Finance to defer payment of mobile phone license fees to 2021.
Severn Trent rejects the new offer made by LongRiver consortium as it says it does not recognize the long term value and potential of the British water utilities firm.
Khazanah, the Malaysian sovereign wealth fund has sold off part of its shareholdings in Tenaga Nasional Bhd.
UAE's top aluminium firms merge to create a more competitive firm in the Middle East. (Photo : Reuters)The image is the factory of Dubai Aluminium.
The Manhattan State Supreme Court finally got Bank of America set for trail with its US$8.5 billion settlement with home loans bundled into securities.
London's luxury homes experience the smallest gains since 2009 as the decline was listed at 0.3% from December of last year.
SAC Capital Advisors LP are faced with more clients redeeming their money that is predicted to be all gone by 2014, says SAC insider.
Brent Crude trades lower than US$100 per barrel after OPEC keeps its production target constant. (Photo : Reuters)A gas station employee filling up a vehicle.
