Fidelity Contrafund is slowly selling off its Apple shareholdings due to price decline. Fidelity Contrafund, the US$92 billion fund built by portfolio manager Will Danoff, has undertaken a process of cutting the fund's shareholdings in Apple.
Sectors
Blackstone to Gain Control of Multi Corp
Blackstone to pay off debts to recapitalize Multi Corp, the European real estate company. The real estate unit of Blackstone Group LP may wrest control of Multi Corp after its acquisitionof almost half of the corporate debt of the cash strapped shopping mall developer.
Major Chinese Companies Issue Debt Bonds in Yuan
Three major Chinese firms to issue yuan denominated debt instruments. Three major Chinese corporations are now in the process of selling bonds that are yuan denominated.
Jazztel Growth Entices Major Carriers
Jazztel's increasing growth in the Spanish market is making it very attractive for major telecommunications companies.
Tinkler Sells Horse Farm to Pay Debts
Patinack Farm, the renowned racehorse breeding farm owned by Nathan Tinkler, is now on the auction block to help pay off debts.
Latest News
Hess Corp. has announced that it is selling its Russian unit, Samara-Nafta, to LUKOIL in a $2.05 billion deal as activist investors besiege the company for a business change
Dubai's flagship carrier Emirates and Australia's Qantas Airways ltd.have announced their alliance which include an extension of their partnerships to include including ground services and catering
Shares in PT Visi Media Asia Tbk have increased dramatically following a buyout offer from Chairul Tanjung, the fifth richest man in Indonesia.
Deliv, after a successful financing round, would provide same day services for consumers and retailers in major cities in the US.
On a one to one share swap, Lynnwood Capital would purchase Tantalex Corp. In an announcement, Lynnwood Capital Inc of Canada had entered into an agreement to purchase Tantalex Corp.
MetroPCS is urging its shareholders to approve its merger with Deutsche Telekom AG's unit T-Mobile USA Inc. amid criticisms.
The bond issue offered by Oregon amounting to US$204 million is backed by lottery revenue. The Department of Administrative Services of the State of Oregon is now offering US$204 million worth of bonds to the market.
Horsburgh & Scott, the renowned gear manufacturer, has been acquired by private equity firm GenNx360.
Taylor Morrison to offer 23.8 million shares in its IPO and is expecting a return of nearly US$524 million.
