Bankia's bad history now a thing of the past. Spanish lender Bankia is showing signs of recovery. The fiscal rescue together with huge write-offs on overvalued property assets contributed to its accumulation of its record breaking corporate loss amounting Eur19.
Investors
Bertelsmann to buy out KKR in BMG
Bertelsmann would completely own BMG when it buys out KKR. The largest media company in Europe, Bertelsmann is buying out the stake of private equity firm KKR from their joint venture music rights management company BMG.
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.
Latest News
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.
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.
