The EMEA GSPS business of Morgan Stanley has been sold to Compuetershare. In an announcement, Morgan Stanley had reached an agreement to sell the EMEA market of its Global Stock Plan Services .
Sectors
TNK-BP Reports 13% Drop in 2012 Net Profit
TNK-BP has posted 13% decline in net profit for the year 2012 after it agreed to be acquired by Russia's oil producer Rosneft.
Freeport to Fund Two Separate Energy Deals Through Private Placement
Freeport reached an agreement to acquire Plains Exploration & Production Co. and McMoran Exploration Co. with proceeds to fund its move to enter oil and gas production market.
Bankia Reports Recovery Signs After Government Bailout
Bankia announced it expects to recover the money it requested to the government for bailout as it sees signs of recovery.
UPDATE: Clearwire Gets Sprint Money Yet Continues Talks with Dish
Clearwire gets money from Sprint yet still allows bid from Dish. Clearwire Corp announced it would draw on the debt money provided by Sprint Nextel Corp.
Latest News
Vivendi is said to put the sale of its Brazilian broadband internet company GVT on hold as it faces lower bids than the asking price.
Scams on fraudulent private equities rob individuals of hard earned money. The city of Tianjin in China was rocked with controversy as thousands of retail investors claimed they were tricked by a group that offered illegal wealth management products.
Blackstone invests in Indian commercial real estate. Private equity firm Blackstone Group LP is leading the charge for investments into India's commercial real estate market after the recent global recession has lowered interest in its once red hot residential market.
The bankruptcy plan filed by Dewey & LeBoeuf was approved by judge Martin Glenn. U. S. Bankruptcy judge Martin Glenn has approved the liquidation plan of Dewey & LeBoeuf, which once had over 1,000 lawyers in 206 offices around the world.
Mylan Inc. agreed with Strides Arcolab for the acquisition of Bangalore, India-based injectables unit.
Goldman Sachs hires Amy Overton, former VP for Citigroup. Lobbyist Amy Overton, formerly of Citigroup Inc, has taken a job with its nearest rival, Goldman Sachs Group Inc.
Barnes and Noble Chairman to decide future of the book retailer. A bloc stakeholder in Barnes and Nobles retail stores, Liberty Media Corp, has said it has the power to veto a sale of assets of the company.
Vivendi stops sale of GVT. Vivendi SA of France has shelved the sale of GVT SA, the Brazilian phone and internet company. Bids submitted for the broadband firm are well below the acceptable price of Eur7 billion to Eur8 billion.
Dewey and LeBoeuf bankruptcy plan approved. A federal bankruptcy court ordered the approval of the liquidation plan for Dewey and LeBoeuf. This is a milestone for the closure of the collapsed law firm to pave the way for creditors to recover their losses.
