E*Trade will close books with Citadel on or before March 19. E*Trade Financial Corp's largest investor, Citadel LLC is in the process of selling off its interests in the firm.
Deals
Reliance Acquiring for Expansion
Reliance Games expands into Korean and Japanese markets with acquisitions. Reliance Games is the mobile gaming subsidiary of Reliance Big Entertainment Pvt Ltd.
Wal-Mart's UK Arm Plans to Bid for HMV
Walmart's ASDA to bid for beleaguered HMV. According to reports from the Telegraph, ASDA, the British division of US's biggest retailer Wal-Mart Stores Inc is contemplating a bid proposal for HMV, the former music retailer.
Berger Acquires Sherwin-Williams Unit in India
Berger Paints purchases Sherwin-Williams India. The Indian unit of American paint firm Sherwin-Williams was recently acquired by Berger Paints India Ltd.
Growth Promised by EMC and VMware
EMC and VMware venture into Pivotal to maximize asset potential. Software giant VMware Inc has projected revenue growth in the high 20's by year 2016 as its parent company EMC Corp announced a new revenue target.
Latest News
Paypal buys Duff Research for an undisclosed amount. PayPal announced last Wednesday that they purchased Duff Research, a mobile applications developer.
Rumors of the sale of UBS wealth management subsidiary quashed by CEO remarks. This was the statement from Chief Executive Officer Sergio Ermotti when asked if UBS was planning to sell its wealth management arm.
Belgian KBC sells off its stake in Slovenia's NLB. KBC Group NV, the Belgian giant in banking and insurance, announced that it had completed the sale of its 22% share interest in NLB.
Sale of part of St James Place interest nets valuable capital for Lloyds. The amount of GBP400 million or US$596 would be gained by Lloyds Banking Group Plc after it sold off part of its interest over St.
Common share of stock sale by Silver Springs Network. Silver Spring Networks is offering common shares of stock totaling 3. 705 million shares with a total expected value of US$76 million.
Swedish companies for sale show market waking up after sluggish end to 2012. The first round of bidding for Hilding Anders of Sweden as well as SF cinema chain is to end this week.
EFG International Bank would sell its shares in EFG Financial Products unit. The Swiss private bank EFG International will be finalizing their departure from EFG Financial Products by liquidating their remaining 20.
Emirate to float sukuk bonds. Dubai's flagship carrier is eyeing to release a 10-year amortising Islamic bond this week following their early price discussion on the deal.
Wenzhou Railway Project garners great interest from investors. The railway infrastructure project located at Wenzhou, Zheijang province has attracted investors from all over the world.
