Renesas is restructuring and will sell shares of stock to improve its overall position. Shareholders of Renesas Electronics Corp had passed a resolution to approve a sale plan amounting to 150 billion yen.
Regions
Office Depot Takes Time Nominating Board
Office Depot reschedules nominations for new Board of Directors. In a statement, Office Depot Inc, after discussions with its largest investor Starboard Value LP, is extending its deadline in the nomination of candidates to fill the seats of its Board of Directors during its next annual meeting.
HP Recovers Value and Raise Price Forecasts
HP stock price rises in light of better returns. In a rally, HP share values increased by as much as eleven percent for the fourth quarter of 2012. This prompted at least eight brokerage houses to raise price forecasts over the stock but market analysts say that the worst is still to come for the company.
Japanese Billionaire Okada Resigns from Wynn Resorts
Okada quits ahead of ouster move. Kazuo Okada resigned from Wynn Resorts Ltd not waiting for the results of the board of directors' vote. The Japanese billionaire is actually facing ouster by the board.
Ross Smith Asset Management Acquires Control Over Common Shares of C.A. Bancorp
Ross Smith Asset Management Inc. acquires control over common shares of C.A. Bancorp Inc. Ross Smith Asset Management Inc. announces that the investment funds it manages have acquired 3,000 common shares of C.
Latest News
ING Bank Australia to sell record high mortgage backed bonds. ING's Australia unit, ING Groep NV is projecting to sell up to Aus$2 billion or US$2.
New agreements forged to complete Utica Joint Venture. The Utica Joint Venture, comprising of MarkWest Energy Partners LP and the Energy and Minerals Group announced the formalization of an Amended and Restarted Limited Liability Company Agreement for MarkWest Utica EMG LLC.
REIT purchases sprawling Ontario property for expansion. True North Apartment Real Estate Investment Trust has announced that it would acquire four properties in the Ontario area for a total purchase price of US$25.
Petroleum company purchased for US$4.3 billion. A merger agreement was settled between Berry Petroleum Company, LINN Energy LLC and LinnCo LLC. LINN Energy and LinnCo would purchase all of Berry's current outstanding shares totaling US$4.
Alvarion sells carrier licensed division to rival Telrad. Alvarion has recently entered into an agreement with Telrad networks for the acquisition of Alvarion's carrier licensed division.
Softbank would turn to bond issue to fund Sprint Nextel purchase stake. Japanese wireless carrier Softbank Corp. has agreed to purchase a US$20 billion stake in Sprint Nextel Corp.
The US auto manufacturer has implied that it is actually boosting South Korean presence by making $7.3 billion investment for global growth.
GM expands interests in South Korea. An additional US$7. 3 billion is being eyed by General Motors Co. to be invested into its South Korean subsidiary spread over five years.
Linn Energy, a U.s. oil and gas producer, will buy Berry Petroleum Co. for $2.5 billion to boost oil reserves
