Office Depot shareholder Starboard has been calling for the sale of Mexican joint venture. Starboard Value LP has urged the shareholder board of Office Depot to explore the sale of its Mexican joint venture interest.
Investors
Flower Foods to Acquire Wonder Bread
Flower Foods frontrunner in bid for Wonder Bread. The No. 2 baking company in the US just got bigger as Flower Foods Inc is in the midst of acquiring Wonder Bread.
Vodafone Resumes Bid to Takeover Germany's Kabel Deutschland.
Vodafone is said to have planned taking over Germany's Kabel after the takeover bid went public.
Man Group Future Depends on Fund
Man Group revamp seen to buoy Fund recovery. Man Group is depending its future on its fund manager AHL as it reports its current status as the leadership of new CEO Emmanuel Roman begins.
Telecom Italia Media Plans Sale of La7 TV Channel
Telecom Italia Media is expected to sell its La7 TV channel but is still in talks to sign the deal. Telecom Italia Media said that it has plans of selling its La7 TV channel to the publishing house in Cairo, Egypt and is still in negotiation of signing the deal, according to two people familiar with the issue.
Latest News
Juniper rethinking future after sales plans fell through. Juniper Network is reviewing its current business focus of enterprise networking businesses after discussions failed to materialize as to the sale of its assets.
Max Levchin, one of the co-founders of online payment mogul Paypal has launched a business competitor last Tuesday.
Lloyds deal to sell branches may not push through due to capital deficit with Co-op. The deal that would allow Co-operative Bank to purchase more than 600 branches of the Lloyds Banking Group is under grave threat not to push through.
Giant mall builder to expand to UK and US. Westfield Group is planning to increase its investments in both the US and UK to capitalize on the increasing retail demands in these countries.
Clearwire is in bed with two financial suitors, namely Sprint Nextel and Dish Network. In a report by the Wall Street Journal, Clearwire Corp is planning to seek financing assistance from Sprint Nextel.
Air Asia pays out biggest dividend policy. The Asian region's largest discount carrier, Air Asia Bhd has reported a ten-fold increase in share values in almost ten months.
EdR expands with Elauwit. EdR, a market leader in the ownership and operations of collegiate housing has announced that it has purchased a 10% stake in Elauwit Networks, a service provider of Internet access, telephone and video services.
China Asset Management predicts rebound in Chinese stock prices for 2012. According to China Asset Management Co, stocks of Chinese companies would rally in value as the government continues to find ways to augment the economic recovery of the country.
BT purchases ESPN UK and Ireland with ESPN America coverage. BT, in a bid to pry open the hold of BSkyB over the pay-TV sports market in Europe, has agreed to purchase ESPN's UK and Ireland television business.
