Sources said Thai billionaire Dhanin Chearavanont submitted its bid for Li Ka-shing's ParknShop chain.
Investors
Philippine aviation authorities hope to get upgraded by US FAA in October
The Civil Aviation Authority of the Philippines said it is confident that the country would be able to regain its Category 1 rating when the US FAA would visit in the next two months.
George Koutsos is new head of Hellenic Financial Stability Fund
George Koutsos was named the new Deputy Chief Executive of the Hellenic Financial Stability Fund, replacing Marios Koliopoulos.
Meda inks deal to buy Acton Pharmaceuticals for USD 135 million
Swedish pharmaceutical firm Meda announced the signing of a deal for the USD 135 million purchase of US-based Acton Pharmaceuticals.
Lowe’s completes acquisition of Orchard Supply Hardware stores
Lowe's Companies Inc. announced today an acquisition deal had completed for Orchard Supply Hardware stores valued USD205 million in cash and payables.
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French cosmetic firm L'Oreal said it could afford to buy back the EUR 23 billion stake that Nestle holds in the firm.
Finland rolled out a EUR 9 billion plan enough to pay for welfare expenses of its aging population. The government of Finland agreed on a plan to ensure that it would have money to pay welfare costs for its fast-growing elderly population.
According to a Bloomberg report, shareholder pressure would most likely influence the incoming CEO of Microsoft to take drastic measures to increase shareholder value and possibly spin off the XBox video game division.
The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.
The government of Germany said it was still open to talk with Airbus about its development loan. The German government said it is still willing to discuss the development loan with Airbus.
The foundation of Royal KPN exercised its option to purchase preferred shares of the company to block America Movil's bid for majority ownership.
Malaysian palm oil producer Sime Darby said the sale of its healthcare unit boosted fourth quarter profits.
German car manufacturer Daimler Mercedes-Benz planned to increase the number of its dealer outlets in China to get a bigger share of the world's largest auto market.
Sources told a Belgian business daily that the government could sell a small portion of its stake in the Belgacom Group.
