Valean Pharmaceuticals active to deal but limited in cash. Valeant Pharmaceuticals International Inc is now on a spending spree, actively pursuing both merger and acquisition possibilities according to its CEO Michael Pearson.
Investors
Nomura Holdings to Appoint New Candidates in Dubai After Loss of Top Executives
Nomura is now in search for new candidates to fill in vacant slots after several executives left the company as a result of cost control.
ING Groep to Sell its 7.2% Stake in Brazil's SulAmerica
ING Groep is looking forward to set sale of its stake in the Brazilian insurance company as it faces pressure to shed assets in exchange for the state bailout it received during 2008 financial recession.
Lloyd's To Take Another Hit
Lloyds Bank to pay for past misdeeds. Britain's largest retail bank, Lloyds is set to announce an increase in money for compensation to pay customers and clients for losses sustained on mis-sold loan insurance.
Bids Filed for Catalunya Banc
Three major banks interested in purchasing Catalunya Banc Three Spanish banks have placed bids on Spanish lending giant Catalunya Banc. The nationalized lender is being sold and the non-binding bids were submitted by Santander, Sabadell and Popular.
Latest News
Apple CEO Tim Cook addressed investor issues for the long term. Last Wednesday, the much awaited shareholder meeting of Apple Inc was held and CEO Tim Cook took center stage.
Goldman to sell debt in Chilean local market. The fifth largest US bank by assets, Goldman Sachs Group Inc, is planning to expand into the Chilean market with the sale of fifty year bonds in the local market.
Court ruling ordering Argentina to pay debt notes on appeal. Analysts project that Argentina would lose its case against its creditors in its case filed in US courts.
Vodafone pre-empted on bid to purchase Kabel Deutschland. Vodafone Group Plc is still considering a takeover bid of Kabel Deutschland, Germany's biggest cable operator.
Russia's richest man, Alisher Usmanov, is selling a stake worth 7.4% in the Internet group Mail.Ru.
Cipla Ltd offers to take over Cipla Medpro South Africa. Two Ciplas from two continents would merge into one. Indian pharmaceutical company Cipla Ltd increased its offer by 17% to fully acquire South African drug company Cipla Medpro South Africa Ltd.
Ryanair's third attempt to purchase Aer Lingus refused by EU regulators. European Union regulators have refused to validate the third purchase attempt by Ryanair to acquire Aer Lingus.
French water utility Veolia is now considering to buy out some minority investors but will not make acquisitions policy.
Mylan increases market share with Stride purchase. The world's second largest stand alone generic drugs maker, Mylan Inc has agreed to purchase Stride Acroblab Ltd's injectable medicine unit.
