Cleawire has not accepted yet the bid from Sprint to acquire the company as it considers bid from Dish Network
Sectors
Goldman Hires Overton
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.
Liberty to Determine Next Barnes and Nobles Chairman
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 Shelves GVT Sale
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.
Liquidation Plan for Dewey and LeBoeuf Approved
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.
Latest News
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.
Vodafone is said to have planned taking over Germany's Kabel after the takeover bid went public.
Man Group revamp seen to buoy Fund recovery. Man Group is depending its future on its fund manager AHL as it reports its current status as the leadership of new CEO Emmanuel Roman begins.
Telecom Italia Media is expected to sell its La7 TV channel but is still in talks to sign the deal. Telecom Italia Media said that it has plans of selling its La7 TV channel to the publishing house in Cairo, Egypt and is still in negotiation of signing the deal, according to two people familiar with the issue.
EADS said it has no longer interest in completing its merger deal with BAE. EADS has said that it has no interest in reviving its deal to merger with BAE system, implying confidence and satisfaction of defense share within its over activities dominated by commercial jet unit Airbus, according to sources close to the matter.
Standard Chartered has been planning to buy the wealth management unit of Morgan Stanley in India. Standard Chartered Plc has been in negotiation to purchase the Indian private wealth management of Morgan Stanley, according to two sources close to the matter.
