Industry

RBS Executive to Step Down

Royal Bank of Scotland CEO Stephen Hester was urged by the bank's board to step down prior to the government's sale of its 81% stake.


East African bloc struggles to attract foreign investments

East African bloc struggled to draw investment from foreign units. (Photo : Reuters)The image is an African man looking over an oil extraction rig. East African Community economies struggled to draw foreign investment due to internal problems.

Dish May Face US$1.2 Billion Sprint Additional Cost

Dish Network is confronted with additional US$1.2 billion cost from taking Sprint Nextel Corp. (Photo : Reuters )Dish Network Corp. 's Chairman Charlie Ergen dismissed speculation his surprise $2.

OCI Partners LP files US$480 Million IPO

OCI Partners LP filed an IPO valued at US$480 million with the US regulators on Friday. (Photo : Reuters)The image is an industrial gas plant depot. OCI Partners LP, a strategic methanol and ammonia plant in Texas, filed an initial public offering priced at US$480 million with the US regulators.


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International Automotive Components announced its IPO filing valued at US$115 Million with BofA Merrill Lynch, JP Morgan and Deutsche Bank Securities as its underwriters.
According to sources, Vodafone considers to improve its bid for Kabel Deutschland after the said deal to purchase the company at Eur81 per share.
The Indian government deferred the proposed stake sale of Jet Airways to Etihad as it seeks more information regarding the ownership of the local carrier.
Lampert used US$393 million of shares in AutoNation Inc. to cater to client redemption demands after investors saw struggle at Sears Holdings Corp.
Since February, top executives of Elan and Royalty Pharma have been vying to control over Elan. (Photo : Reuters )Irish drugmaker Elan will be giving back $1 billion to shareholders as a boost from the sale of its stake in multiple sclerosis treatment Tysabri to partner Biogen Idec.
A US$10 billion worth of initial public offerings are being threatened with the continuing decrease in Asia's Stock Market.
Interoll Group acquired Colorado company Portec Group International. (Photo : Reuters)This airport uses oonveyer technology. Incline Equity Partners confirms the sale of Canon City, Colorado-based specialty conveyors company Portec Group International to Interoll Group.
An initial public offering was filed by Envision Healthcare Holdings for US$100 million with net proceeds to be used to pay for the company's debt.
Kawasaki Heavy Industries fired its company's president Satoshi Hasegawa and announced ended talks for merger with Mitsui Engineering & Shipbuilding Co.
Gary Kenneth Toomey succeeded Nikos Kardassis as CEO for India-based Jet Airways. (Photo : Reuters)The image shows Jet Airways aircraft. Nikos Kardassis was succeeded by Gary Kenneth Toomey as chief executive officer of Jet Airways (India) Ltd.