Orix Corp. stated it would invest half a billion dollars in fast growing markets. Japan's most active financial firm in acquisition, Orix Corp. , revealed plans to spend JPY50 billion (US$506 million) on buyouts around Southeast Asia and the Middle East within the next 12 months tapping on faster-growing markets.
Investors
Private equity firm, 3i Group, hits Highs
3i Group's stock value hit its highest since 2007. 3i Group's shares closed at a 4-year high as investors proceed to buy into 3i Group's turnaround strategy.
Jones Energy announces IPO of 14 million shares
Jones Energy Inc announced today commencement of an initial public offering for 14,000,000 shares to be listed on the New York Stock Exchange.
H&R Block to sell banking assets
Tax services provider H&R Block said in a statement that it would exit its banking business by selling some of its assets to Republic Bancorp Inc.
Silicon Valley Banks looks for loan receiver
Silicon Valley Bank requested a loan receiver for Alvarion Ltd over a US$3 million debt that the bank says it cannot pay.
Latest News
Billionaire investor Carl Icahn said in an interview with Bloomberg TV his planned sweetening of his takeover bid for Dell Inc with an additional warrant offer.
Quiksilver Inc announced the pricing of a previously announced offering for secured notes. Quiksilver, Inc. announced the pricing of their previous offering for Quiksilver and its wholly-owned subsidiary, QS Wholesale, Inc.
Lloyds Banking Group shares set to be sold to retail investors Lloyds Banking Group announced that half of the government's GBP18 billion stakes in Lloyds is expected to be sold to retail investors.
RadioShack revealed that they are in talks with investment banks regarding firm's financial health.
French Crédit Agricole and its investment bank unit asked employees to cut costs. French bank Crédit Agricole launched a program to cut its costs by sending members of its investment-banking unit a memo to reduce travel, lodging, meal expenditures.
Zurich Financial Services sold its shares in New Life China Insurance Co Ltd for US283 billion Zurich Financial Services AG announced that they have sold US$283 million worth of shares in New China Life Insurance Co Ltd.
Miami is reported to top US in foreclosures amid private-equity buying and bank property selling. In a report where areas were ranked by foreclosure rates released in June, Miami came at the top among major U.
Icahn offered Dell Inc. shareholder improved deal and a warrant. Billionaire investor Carl Icahn revealed that he wants Michael Dell to improve his US$24.
Three shareholders at Dell Inc said that they would vote against Michael Dell and Silver Lake’s proposed buyout offer valued at US$24.4 billion.
