MetroPCS faces pressure from P. Schoenfeld Asset Management, which owns about 2% of its shares, to update the merger documents with the Deustche Telekom AG's unit T-Mobile USA to reflect T-Mobile's earnings.
Sectors
BP Loses Twice in a Row
BP loses bids on Arctic oil exploration. According to sources, British Petroleum, who lost its first deal to drill oil in Arctic Russia to rival ExxonMobil again was beaten out by the same rival when it tried to negotiate a deal with Russian oil giant Rosneft.
BDC Venture Capital invests in four of GrowLab's latest graduates
It's a substantial shot in the arm and vote of confidence for these young startups It's a substantial shot in the arm and vote of confidence for these young startups.
New Zealand Sky TV to be Sold
News Corp sells off interest in Sky TV New Zealand. New Zealand's top television operator, Sky Network Television Ltd has confirmed that is near majority shareholder News Corp would be selling off its 44% stake in the company.
Hecla Mining to Acquire Aurizon Mines for About C$796 Million
U.S. silver mining company Hecla Mining Co. is set to buy Aurizon Mines Ltd. as part of its attempt to gain access to a Quebec gold mine.
Latest News
Agaoglu to float sukuk or Islamic bonds. One of Turkey's largest construction and real estate firms, Agaoglu Group is in the midst of planning the issuance of US$2 billion worth of sukuk or Islamic bonds.
Zain Iraq's IPO would lower Zain Kuwait's stake in company. Zain, Kuwait's largest telecommunications operator would be selling of its Iraqi unit through an IPO.
Private equity firm CVC is holding early talks with McCarthy & Stone's former chairman Alan Bowkett to decide on the bid for acquiring the UK's argest retirement home builder.
The soccer club Arsenal insisted that its American billionaire Stan Kroenke, who owns a two-thirds in the London club, has no plans for selling his majority stake despite criticisms.
According to its CEO, Aabar would not increase its shareholdings in Arabtec. Investment fund Aabar is not seeking to increase its current 22% stake in Arabtec.
Oil group Repsol reached a deal for the sale of its 5% stake to Singaporean government fund Temasek as it hopes for financial stability.
Temasek increases stake in Repsol. Repsol, the oil conglomerate from Spain, has announced the sale of another 5% interest to the Singaporean government fund, Temasek.
Japan Exploration purchases ten percent stake in Petronas Canada stake. A ten percent stake in a shale gas and liquefied natural gas joint project has been purchased by Japan Petroleum Exploration from Malaysia's Petronas.
Carlsberg is bidding for buyout of 30.31% share in Chinese brewer Chongqing Brewer Co. as it hopes growth in China.
