The Kingdom Hotel Investment sells a hotel in Mauritius to Hawaiian-based Outrigger Hotels and Resorts.
Industry
Bilfinger Set To Expand To Asia and North America
Bilfinger is setting its sights to the Asian and North American markets for expansion. Bilfinger SE, the construction and industrial services conglomerate from Germany is planning to expand into Asia or North America through acquisitions.
Greenlight for latest Greek bailout tranche given
After completion of prerequisites, the second tranche of the Euro bailout plan for Greece was released.
Euro bonds fall in trading and yields
German, Belgian, French and other bonds have been falling in the world market. (Photo : Reuters)The image is a bond market trader grimacing at the numbers.
UBS AG French unit under investigation
UBS AG France is under investigation for its bank practices. (Photo : Reuters)The image is the UBS sign on its corporate headquarters. The French unit of UBS AG has been placed under formal inquiry as part of an investigation started in 2012 over the practices conducted by the bank in France, according to a spokesperson.
Latest News
Yelp's CFO, Rob Krolik, announced that the company's doors are open to a possible partnership with Facebook graph search feature.
Two brokerages were sanctioned after having been found out of helping fraudulent IPOs. (Photo : Reuters)The Chines flag waiving in front of rising business sectors The Securities Regulatory Commission in China will fine two brokerages for helping perpetrate fraud IPOs get listed on the bourse.
Cerberus stake falls behind after US private equity fund launched an unsolicited bid. (Photo : Reuters)John W. Snow (center, CEO of Cerberus Capital Management LP strikes a pose with other CEOs.
Japanese firm Mitsubishi plans to buy a majority stake from the Brazilian grain company, Los Grobo Ceagro.
Kinder Morgan Energy Partners LP has announced the cancellation of a $2 billion worth of project for Freedom oil pipeline.
US stocks were sold off yet government bond yields increased. With the rising sentiments of consumers about the Federal Reserve's next step, the US stocks that were sold and the bond yields from the government increased.
The US Treasury has announced suspension of pension funds to raise its debt limit. The US Treasury announced last Friday the suspension on pension funds payment.
Dell urges its shareholders to support founder/CEO Michael Dell's buyout proposal. Dell Inc. has called on to its shareholders for the approval of a $24.
Hulu received a hefty number of bidders giving bids of more than a billion for a piece of it. More than $1 billion was offered by DirecTV and two other bidders.
