Industry

New Venture Bids to Buy Fisker

VL Automotive, a venture between Former General Motors Co. executive Bob Lutz, China's Wanxiang Group and industrialist Gilbert Villarreal, is bidding to acquire Fisker Automotive through a prepackaged bankruptcy deal.


Russian's VTB Eyes Sale of its Rosbank Stake

VTB, Russia's second largest bank, decides to sell its 10 percent stake in Soceite Generale's Russian unit Rosbank

Third Point's Proposal to be Reviewed by Sony Board

As confirmed by Sony CEO Kazuo Hirai, the proposal put forth by Daniel Loeb of Third Point LLC would be reviewed on its merits.

Softbank Double Checks Hokkaido Power Plant Projects

Softbank is now undertaking a review of solar power plant projects on Hokkaido island. The Kyodo News agency reported that Softbank Corp is reviewing solar power projects that it is planning to build at the northernmost island of Japan.


Latest News

Cohen receives subpoena to testify before grand jury. Steven A. Cohen, the embattled hedge fund manager, has received a subpoena requiring his testimony before a grand jury on the government's insider trading investigation into his private equity firm, SAC Capital Advisors.
Quantitative easing fsils in terms of volatility of investments done by managers. Investors would be pushed to hold on to more cash rather than place them in risky investments, if one follows the precepts of quantitative easing.
Top European economic officials hope to fix process to avoid repetition of the chaos that occurred during the Cyprus bailout proceedings.
Company earnings, because of ECB actions, is not a true test of viability. Company earnings was once a useful barometer as to a firm's European share price performance as more and more classes break up.
Loeb shares insights on its investment ideas on Japan and his style. Daniel Loeb, the billionaire investor is not one to shy away from a good deal but as of the moment, he has his eyes set on Japan.
Berry Plastics provide customized packaging solutions for the most well known brands in the market today.
Alpine to discuss with its mother firm FCC as to financial options in the future. The Austrian division of Spanish construction group FCC, Alpine will host discussions with the company owners regarding how to fulfill its financial requirements and other possible options, according to Arnold Schiefer, Chief Executive Officer of Alpine.
Home Depot is poised for greater growth as the housing market recovers. With the housing market on the upswing, with US home prices on the rise, this not only helps the housing market itself but accessory markets as well.
Piraeus Bank, in order to meet obligations, has hired four banks to help in its share issues and woes.
BlackRock's success is attributable to its analysts and its attack in getting the shares for its shareholders.