Hannover Re said it was in talks with Lloyd's Banking Group-owned Heidelberger Leben for a possible purchase of a minority stake.
Sectors
H.I.G. Capital's Harrison Gypsum purchases Eagle Ford
H.I.G. Capital-backed Harrison Gypsum acquired the Eagle Ford Division of Pinnacle Materials. Global private equity investment company H. I. G. Capital announced the acquisition of the Eagle Ford Division of Pinnacle Materials.
Amazon splurges USD13.9 billion for warehouses
A Reuters report stated that Amazon Inc invested a massive USD13.9 million on warehouse facilities to strengthen its expansion.
BHP Billiton makes USD2.6 million investment after hiatus
BHP Billiton finally makes a major investment after declaring last year that the mining company will not partake in any big expenditures.
Home Depot earns from US housing market recovery
Home Deport benefited from the recovery of the US housing market. The revitalization of the U. S. housing market helped Home Depot Inc. top the quarterly profit and sales assessments made by analysts on Tuesday.
Latest News
An industry observer concluded that Amazon lost around USD5 million in revenue when the e-commerce site went down 1PM Pacific time today.
Baring Private Equity Asia is planning to buy shares in Indian software company Hexaware Technologies.
Cairn Energy said its planned explorations in Northwest Africa and Ireland yielded up to 25% chance of success compared to its exploratory project in Greenland.
Glencore announced plans to sell off parts of recently acquired Xstrata assets. Glencore took a hit on Xstrata's mining assets for USD 7. 7 billion on Tuesday .
GSW Immobilien said it would study the EUR 1.75 billion takeover bid of Deutsche Women before giving any comment.
Indonesia's two main state pension funds increased their stock purchases, which helped pare losses for Jakarta's battered share prices.
TT electronics said it intends to spend up to GBP 100 million for bolt-on acquisitions. UK-based electronics group TT electronics Plc revealed its plan to acquire bolt-on firms for its combined industrial sensing and control units.
The British government's 'Help to Buy' program increased Persimmon's spring sales.
The Straumann Group announced plans to purchase discount players in the dental implants market. Swiss-based dental implants maker Straumann Group said it plans to acquire rival companies that make low-cost brands.
