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.
Sectors
Vivendi to Delay GVT Sale Auction
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.
Private Equity Scams Prevail in China
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 Moves for Indian Commercial Property Investments
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.
US Judge Nods Dewey & LeBoeuf's Bankruptcy Plan
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.
Latest News
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.
BCBG Max Azria Group Inc. has been consider to be sold as it faces financial struggle. Fashion house BCBG Max Azria Group Inc. is set to launch company sale that would draw around $1 billion, according to sources familiar with the matter.
Monte dei Paschi is seeking to be bailed out after failing to meet European requirements. Italy's Treasury is waiting for a deadline on March 1 to grant a state bailout worth $3.
Cleawire has not accepted yet the bid from Sprint to acquire the company as it considers bid from Dish Network
The European antitrust regulators have reject the offer of Ryanair to acquire Aer Lingus. The European antitrust regulators have vetoed the third attempt of Ryanair to take over Aer ingus, saying that the Irish low-cost airline had not shown sufficient concessions to relieve issues on its monopoly on 46 routes.
Flower Foods frontrunner in bid for Wonder Bread. The No. 2 baking company in the US just got bigger as Flower Foods Inc is in the midst of acquiring Wonder Bread.
Groupon's choice to cut revenues results in net operating loss and falling profits. According to one analyst, the forecast is underwhelming for Groupon, whose share values lost nearly one fourth of its value.
Bankia, the nationalized lender in Spain, is determining how much would its shareholders loss when it receives aid from the European Commission to assist troubled banks.
