EU Olli Rehn provides insight on new EU rules on investor liabilities in bank failures. Under the new European Union law in the works, large bank depositors can take a hit should the bank fail.
Investors
Energy Capital Partners Increase Bid for EnergySolutions
The private equity firm adds an 11% premium to the offer for EnergySolutions shares. Three months after its initial bid, Energy Capital Partners has increased its offer for nuclear waste management firm EnergySolutions from US$3.
Labrador Iron Ore Mulling Strategic Options
In the wake of Rio Tinto's possible sale of shareholdings in the Iron Ore Company of Canada, Labrador Iron Ore is studying its options for the future.
Two Major Health Supplement Firms Seek Investors
Santa Cruz Nutritionals and Nellson Nutraceutical LLG are seeking buyers. Three sources who spoke on condition of anonymity are confirming that Santa Cruz Nutritionals and Nellson Nutraceutical LLG are in the process of searching for buyers.
Chernin Bids for Hulu
Former Hulu board member Peter Chermin offers US$500 million for Hulu. Hulu, the online video streamiong service established in 2007, has received an offer from former News Corp President Peter Chernin.
Latest News
The ten year gilts at record low rates will be offered by the UK Debt Management Office in the next few days.
China's big banks are not providing more credit to small and microsized firms. According to a researcher, the big banks of China are not lending more to the smallest firms.
Sovcomflot's IPO has been shelved by the Russian Government due to unfavorable market conditions.
Italian PM Mario Monti finally signs decree approving payments of state debts to private firms. The Italian caretaker government has approved a decree to pay off nearly Eur40 billion state funds to pay off debts it has incurred with private companies.
Doha Global Investment Co is backed by Qatar Holding for Eur2.3 billion and the IPO is expected to raise the same amount.
Transdev would be selling off assets to pay off debts. Veolia Transdev, the French transport group is forecasting 'enormous' demand for its assets.
Pavilion Energy Pte would be investing in LNG related industries. The sovereign wealth fund of Singapore, Temasek Holdings Pte Ltd has established a new investment fund focused on liquefied natural gas.
MF Global has obtained approval of its liquidation plan under the leadership of former FBI Director Louis Freeh.
Fairway Market, from its humble beginnings as a fruit and vegetable stand, can now stand to be worth US$495 million.
