On paper, the loss of US$1.168 billion resulted from the share price decline of the blue chip stock IBM.
Sectors
GM Expands Production in China
GM and its partners would be building new plants and increase production to five million cars a year.
Fitch Lowers UK Rating
Fitch lowers UK rating to AA+ from AAA, following the S&P ratings change. In an expected announcement, Fitch Ratings has cut Britain's top credit grade ratings.
Vivantes and Aamal Form Joint Venture
Aamal and Vivantes agree to form healthcare joint venture. Aamal Company, the Qatari conglomerate has entered into a joint venture agreement with Vivantes International Medicine, the largest hospital consortium from Germany.
AMD Primed for Market Growth
AMD has reported a higher revenue compared to the previous year, flush with cash and a top notch development team.
Latest News
Charter Communications had offered bonds to pay for buyback and redemption activities of the firm. In an announcement last Friday, Charter Communications Inc had priced its shares for a planned initial public offering of notes that fall due on 2024.
Dubai International Capital LLC has hired former executives from Deloitte and Touche LLP. Dubai International Capital LLC has hired five executives coming from Deloitte & Touche LLP with the aim to increase the value of its investments in companies such as Mauser AG and Doncasters Group Ltd.
Reliance Communications' discussions with Batelco has broken down. India's third largest cellular carrier in terms of customer base, Reliance Communications Ltd had announced that it has withdrawn from discussions with Bahrain Telecommunications for the sale of a stake in its enterprise subsidiary.
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 bonds and share values jumped to record levels as it sold off two assets to Carlos Slim controlled corporations.
Alexander Machkevitch and other ENRC co-founders to partner with Kazakh government to make a bid for ENRC.
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.
Sprint, while reviewing the Dish offer, sought continuance for the FCC review of the SoftBank offer.
SeaWorld CEO hints at overseas expansion in light of successful IPO. From the humble beginnings of being a parking attendant at Busch Gardens, James D.
