Mexico's Grupo Aleman, which owns the airline Interjet, on Wednesday said it has agreed to buy Oceanografia, the bankrupt oil services company at the center of a loan scandal that cost Citigroup more than $500 million.
Deals
Morgan Stanley says 'no assurance' Rosneft deal will close
Morgan Stanley said on Friday that there is "no assurance" a deal to sell its physical oil trading business to Russian oil company Rosneft will close.
Reliance seeks sale of Eagle Ford stake for up to $4.5 billion: sources
India's Reliance Industries Ltd (RELI.NS) is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co (PXD.N), a sale that could raise up to $4.5 billion, according to people familiar with the matter.
GE unit in talks to buy Milestone Aviation: WSJ
General Electric Co's (GE.N) finance arm is in talks to buy Milestone Aviation Group Ltd, as the U.S. conglomerate looks to expand its aircraft-leasing operation into helicopters, The Wall Street Journal reported, citing people familiar with the matter.
GT to cut jobs, wind down sapphire plant; takes aim at Apple
GT Advanced Technologies Inc (GTAT.O) said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc (AAPL.O), and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy.
Latest News
The financial implosion of Apple Inc (AAPL.O) supplier GT Advanced Technologies Inc this week offers a dramatic illustration of how the iPhone maker can put the screws to suppliers willing to take a short-term risk for future riches.
German automaker Daimler (DAIGn.DE) and industrial gases maker Linde (LING.DE) pledged to build 20 hydrogen fuelling stations in Germany in coming years to boost support networks for eco-friendly cars.
Security software maker Symantec Corp (SYMC.O) is in advanced talks to split its business into two entities - one that sells security programs and another that does data storage, Bloomberg reported, citing people with knowledge of the matter.
VTB Capital, the investment arm of sanctioned Russian lender VTB Bank (VTBR.MM), has made a cash payment to secure a deal to buy most of Italian fashion house Roberto Cavalli before the end of November, two sources familiar with the situation said.
Swiss drugmaker Novartis AG (NOVN.VX) said three members of its executive committee would leave the company following the completion of transactions with GlaxoSmithKline (GSK.L) and Eli Lilly (LLY.N) to divest three units.
Billionaire Carlos Slim said on Tuesday that America Movil is trying to sell assets from Mexico's west Coast and the border with the United States, not just the east coast, as part of a previously announced divestiture.
Actavis Plc (ACT.N) plans to approach Allergan Inc (AGN.N) again about a potential merger, as the Botox maker warms up to the possibility of a sale, people familiar with the matter said on Tuesday.
Billionaire Patrick Drahi's cable and telecoms company Altice SA is looking to acquire the Portuguese assets of Brazilian carrier Oi SA, a source familiar with the matter told Reuters.
Private equity buyout firm TPG has approached troubled British grocer Tesco PLC (TSCO.L) to buy its data gathering and analysis subsidiary Dunnhumby, which is worth well over 2 billion sterling, the Sky News reported on Monday.
