Current constitutional restrictions on foreign ownership of real property is what is causing the delay in the sale of 60% of the 84% ownership of SMC in Bank of Commerce by CMIB.
Sectors
Bloomberg Editor in Chief Apologizes
Bloomberg Editor in Chief issues an apology, calling the access as inexcusable. The Editor in Chief of Bloomberg News, Matthew Winkler, apologized Monday for allowing its journalists 'limited access' to sensitive data on how clients utilized the ubiquitous Bloomberg terminals.
Fairway Market Outlook Fair
Fairway Market's outlook is positive but faces challenges especially from its market competitors.
IP-Only Telecoms Share to be purchased by EQT
IP-Only Telecoms to be purchased by EQT from three major shareholders. EQT has entered into a contract to purchase 91% of IP-Only from its three biggest shareholders.
US$4.75M Secured by Wochit in Series A Funding Round
Wochit secures US$4.75 million in its Series A funding round. Wochit, Inc secured US$4. 75 million funding from its recently concluded Series A growth capital round.
Latest News
Straits Trading accepts bid from United Engineer's Ltd. The Straits Trading Co. , the single largest shareholder in WBL Corp has set a new bar for its share prices after it accepted the United Engineer's Ltd's bid for the dealer of the renowned Bugatti cars.
Icahn recommends new Board of Directors for Dell. The special committee of the board of directors of Dell Inc has formally asked Carl Icahn for specific details of the plan to be implemented that would have the computer maker pay dividends and issue shares as he has proposed.
Elliot Management calls the offer of Hess Corp of two directors a "PR stunt". In a bid to appease Elliott Management, Hess Corp has offered the maverick investment fund two seats on the board.
Petrobras raises funds through debt issues in six tranches totalling US$11 billion. Petroleo Brasileiro SA, the state controlled oil firm from Brazil, has announced the sale of US$11 billion of global debt.
Glass Lewis recommends to shareholders not to vote for proposed executive compensation package. According to proxy advisory firm Glass Lewis, shareholders of Goldman Sachs Group Inc should vote against the proposed executive compensation as the board has 'failed to link pay with performance'.
Twitter acquires Lucky Sort for ramping up of its keyword ad tool functionality. Twitter CEO Noah Pepper recently announced the acquisition of Lucky Sort in order to boost its ad sales and reporting functionality.
Vince Clothing prepares for fall IPO. According to two sources that has first-hand knowledge of the situation related to clothing company Vince, the company is nearing the completion of its preparations for an initial public offering.
Mercator, the largest retailer of food products in Slovenia has received two bids, one from regional rival Agrokor and investment firm Mid Europa Partners.
Avista offers cash bid for Telular shares at US$12.61 per share. In an announcement on Monday, Avista Capital Partners disclosed that the ACP Tower Meger Sub, Inc has pushed through with its earlier announcement regarding its cash bid for all the existing shares of common stock of Telular Corporation.
