The recent issues with FreePort McMoRan's acquisitions leave its future much in doubt. Last December 5, 2012 Freeport McMoRan Copper & Gold announced that it had acquired Plains Exploration & Production and McMoRan Exploration for US$10.
Regions
Intel Acquires Mashery
Microchip maker Intel acquires API developer Mashery. Intel Corp, the world's largest manufacturer of semiconductor products has announced the acquisition of Mashery Inc, the start up based out of Francisco.
Homex Bond and Share Values Surge on Asset Sales
Homex bonds and share values jumped to record levels as it sold off two assets to Carlos Slim controlled corporations.
ENRC Co-Founders Mulling Takeover Bid
Alexander Machkevitch and other ENRC co-founders to partner with Kazakh government to make a bid for ENRC.
Deutsche Bank Loan Creates REMIC
Deutsche Bank loan creates REMIC to become a bond for market purposes. Deutsche Bank's loan facility to Five Ten Capital, an asset manager based in California, will be facilitating the creation of a REO-to-rental bond.
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Hermes purchases stake in Joseph Erard in a bid to shore up supplies for their upscale watch brands.
Peltz's Train Fund exploring possibilities in the snack food business. Nelson Peltz's Trian Fund Management bought US$3. 7 billion shares from Mondelez International and PepsiCo, according to sources that have knowledge of the investment.
According to the federal court, the case between AIG and Bank of America should be heard in state court.
Lloyds Bank has engaged the services of Deutsche Bank to provide services for the possible sale of Scottish Widows.
Sinopec's bond sale is the largest debt sale in Asia outside of Japan. In a recent announcement, China Petroleum and Chemical Corporation has raised a total of US$3.
The first IPO for a Shariah banking institution would be held by the second quarter of 2013. PT Bank Muamalat Indonesia Syariah, the Indonesian Shariah lending institution, is aiming to raise nearly US$300 million through an initial public offer.
For a symbolic dollar, Provo sells its network to Google. Google's Fiber is destined to be located in Provo, Utah after the search engine giant has entered into an agreement with the city's network for just US$1.
Mongolia's Strategic Entities Foreign Investment Law has been amended to relax requirements for foreign investments.
KPMG purchases Makinson Cowell to assist in determining shareholder opinion on company management. KPMG is in the process of acquiring Makinson Cowell, the London-based corporate advisory firm.
