Idemitsu gets management shakeup and plans future. The third largest refiner in Japan, Idemitsu Kosan Co is keenly interested in the acquisition of stakes in Canadian gas fields.
North America
STMicro, Ericsson find no takers for mobile chip unit-report
STMicroelectronics and Ericsson have failed to find a buyer for their loss making wireless electronic chip joint venture and will now consider whether to close the business down, news service Bloomberg said on its website.
Mary Schapiro to GE Board
GE nominates Schapiro to its Board. General Electric Co has nominated former chairman of the US Securities and Exchange Commission to its Board of Directors.
ACI Worldwide Acquires Online Resources Corp
ACI acquires Online Resources to expand its service capacities. The international provider of payment systems ACI Worldwide issued an announcement that it has completed the acquisition of Online Resources Corp.
US Bank Tower to be Purchased
US Bank Tower, the building blown up in the movie "Independence Day", is to be purchased by overseas investors.
Latest News
Directors hope to reap same success in Mozambique project. Three major executives that took part in the creation and sale of Cove Energy Plc have come together again to raise funds for an oil and gas exploration project in Mozambique.
Walter Energy set to sell assets and cut budget for 2013. In the middle of a disagreement with a British investor who is calling for the replacement of majority of the board members, Walter Energy Inc mentioned plans of shutting down mines that are not generating income.
Hostess Brands now being bidded on. The main creditor of Hostess Brands, Silver Point Capital and hedge fund firm Hurst Capital have expressed interest in purchasing Hostess snack cakes brands according to a report by the New York Post.
Hanmi sales discussions stalled with rival banks over valuation and management. Discussions for the sale of Hanmi Financial Corp have stalled because of a number of disagreements over management and price per share.
Chesapeake files suit against BNY Mellon. Chesapeake Energy Corp has gone to court to sue its trustee Bank of New York Mellon Corp seeking redemption of more than US$1.
KKR buys Gardner Denver for US$3.74 billion. Gardner Denver Inc had agreed to be sold to KKR and Co LP for the price of US$3. 74 billion. Industry experts though still have lingering doubts as to the valuation of the company as it was undeevalued because of the sale.
TPG's real estate expansion reaping dividends. Two years into its expansion into real estate, TPG Capital has been able to parlay US$2 billion worth of equity investments in properties.
Numeric Investors is a fund manager that is putting itself up for sale. According to Mike Even, Numeric Investors President and CEO said that it is putting the firm up for sale.
Elan proceeds with its US$1 billion buyback share program. Elan is expected to undertake the planned US$1 billion share buyback by next week. The Irish pharmaceutical firm's move may undermine the takeover offer by US fund firm Royalty Pharma.
