UK-based lender Lloyds Banking Group PLC is offloading its remaining 21% stake in the investment firm St. James's Place for GBP95 million after progressively selling its stake down.
Investors
US media firm NBC Universal takes stake in AllThingsD, which is set to change name -report
NBC Universal has agreed to buy a minority stake in tech-news site AllThingdD, which is set to be renamed "Revere Digital" this month, according to a Bloomberg report.
Standard Life Investments increases stakes in UK companies in quest for better dividends
Thomas Moore of Standard Life Investments has increased his fund's holdings in UK companies, betting that they will give better payouts in 2014, a Bloomberg report said.
Dutch firm Vopak invests in LPG facility in Singapore
Netherlands-based independent tank storage provider Royal Vopak will invest in an independent import liquefied petroleum gas (LPG) facility in Banyan terminal at Jurong Island, Singapore.
Hedge funds run in Asia are cheaper than in US, Europe by 42% - survey
Despite the discount of costs to run hedge funds in the Asian-Pacific region, Citigroup Inc's recent survey revealed that not all hedge funds in the region are successes in expanding its assets and achieving profitability.
Latest News
The rising commercial property prices in London has prompted institutional investors to team up with commercial property developers in the UK to capitalize on the recovery of the market in UK.
San Francisco-based real estate firm BRE Properties Inc is discussing a USD4.5-billion buyout offer by Essex Property Trust Inc, a deal that could expand the latter's portfolio in California.
Eight US technology firms in the US wrote an open letter to President Barack Obama, calling on government to impose stricter controls on online surveillance.
General Motors Co has not yet arrived at a decision on whether to exit manufacturing in Australia but said government help would be needed for its long-term survival.
Yahoo Chief Executive Officer (CEO) Marissa Mayer is eyeing image sharing startup Imgur as the company's next big acquisition, according to an anonymous source cited by Business Insider.
Ireland-based construction and engineering company Kentz has taken over US-based Valerus Field Solutions for USD435 million (EUR316 million) in a deal that will also expose Kentz to Latin American markets.
Court-appointed monitor Ernst & Young has extended the deadline for the acceptance of bids for Canadian wireless startup Mobilicity to December 16, a Reuters report said.
Sysco Corp announced it will buy rival US Foods for USD3.5 billion in a merger deal that will create a food distribution giant with around USD65 billion in annual revenue.
WesTrac China Limited has reached an agreement to acquire the distribution and support businesses of Caterpillar Global Mining in a deal valued at around USD130 million.
