A released August report by the Treasury Department indicated that the US government would be looking to exit American multinational automaker General Motors (GM) as the state recently sold USD811 million of GM's common stock.
Sectors
Magazine publisher Time to spin off from parent in early 2014
Magazine publisher Time Inc. purchased the publishing arm of American Express Co as part of its plans to spin off from its parent Time Warner Inc.
Skuldtech scores additional EUR 1 million from Bpifrance for Alzheimer's disease project
Skuldtech announced that it had secured additional funding from Bpifrance worth EUR 1 million to develop a new therapy for Alzheimer's.
La Française forges strategic partnership with Forum Partners Investment Management
La Française announced that it had entered into a strategic partnership with global real estate investment management firm Forum Partners.
Wynnchurch Capital plans to sell more PE assets
Wynnchurch Capital announced its plans to exit its mineral firm and two of its automotive parts companies.
Latest News
Sheryl Sandberg met with the State Council Information Office (SCIO), an Internet regulator, in China yesterday.
Nickel producer Norilsk denied reports that it would be acquiring a stake in potash firm Uralkali. Norilsk Nickel said it was not interested in acquiring a stake in Uralkali.
The Telegraph reported that Royal Dutch Shell had postponed its refinery project worth USD 1.3 billion in eastern China.
According to Motorola CEO Dennis Woodside, the factory is able to produce 'tens of millions' per year.
A survey showed that buyers of distressed debt in Australia favored soured loan acquisitions from smaller firms.
Voters rejected the casino proposal of Hard Rock International for West Springfield, Massachusetts. The casino proposal of Hard International for West Springfield, Massachusetts was rejected by voters in West Springfield, Massachusetts.
On a September 12 meeting at Dell Inc's headquarters in Round Rock, Texas, the company was expected to announce that CEO Michael Dell and Silver Lake Management LLC got shareholder approval to proceed with the USD24.90 billion leveraged buyout.
The settlement paid out to investors for the collusion between Gen Re and AIG was already approved by US District Judge Deborah Batts.
In an interview with Bloomberg News, China's richest man Wang Jianlin has hired two investment banks to assist his company in planned acquisitions of hotel management companies in the US and London.
