Ericsson is making a deal to acquire the IPTV business of Microsoft in a bid to offer services to phone companies.
Investors
China's Tanghan Steel Acquires 10% Stake in Switzerland's Duferco International Trading Holding
Tanghan Steel has signed a deal with Duferco International Trading Holding to buy 10% stake in the latter as China seeks more steel export.
Credit Suisse Agrees to Acquire Morgan Stanley Wealth Management Arm
Credit Suisse will be acquiring the wealth management of Morgan Stanley in Africa, Europe and the Middle East
EADS Pledges Planned BuyBack Won't Hurt Future Growth
EADS plans to prevent the planned buyback that is hampering its future growth and capital spending. European aerospace group EADS has made a pledge that it will prevent a supposed share buyback hurting capital spending, dividends and future growth as its shareholders planned to make a vote on proposals to purchase again up to 15% of the company stock.
China Regulator Issues Guidelines on Non Standardized Debt Assets
The China Banking Regulatory Commission issued guidelines on the proper handling of wealth management instruments.
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EADS is now instituting changes such as a share buyback program and changes in its board. Investors of the European Aeronautic, Defense and Space Co or EADS gave their approval for the purchase of fifteen percent shareholdings at the price of Eur50.
Petrobras is now setting up its plan for the auction of its shares in Nigerian oil fields Brazilian oil firm Petrobras has auctioned its interest in the oil fields in Nigeria that would draw up to $5 billion as the company aims to get cash and embarks on a capital spending plan, sources familiar with the matter told Reuters.
Microsoft is nearing completion of its transfer of its IPTV unit to Ericsson. Microsoft Corp's IPTV business unit is subject of discussions with Ericsson, the telecommunications giant.
Offers made by the Blackstone Group and investor Icahn does not include Michael Dell as CEO of the firm he helped found three decades ago.
Felony charges were filed against David Riley and Matthew Teeple for insider trading. A former executive at Foundry Networks Inc was charged with insider trading after tipping a California hedge fund analyst of the company's acquisition plans.
The pending sale of Printemps has worried union representatives as to possible job cute. Printemps, the French department store, is now nearing completion of its sale to Qatari investors, The projected deadline is as early as this summer with the timetable for the deal now being prepared for the staff.
The French Ministry of Finance is selling 3.12% interest over the aerospace company Safran. The 3. 12% shareholdings of France in Safran is up for sale.
CBS and Lionsgate form a joint venture to acquire cable company TVGN and its website TVGuide.com. Lionsgate and CBS Corp have teamed up to operate the cable network TVGN and its website TVGuide.
Tata Steel is now in the process of finding banks to facilitate the sale of bonds for its debt refinancing purposes.
