Barilla, world's largest pasta manufacturer, will be selling its German unit to focus on high-margin food products.
Sectors
Greenbriar to Acquire Solar Energy Production Sites
Greenbriar has been negotiation to buy solar product properties as it focuses on expanding real estate business.
Daimler's Chief Financial Officer Not Expecting 10% Stake CIC Offer
The auto maker is not expecting China Investment Corp. to buy 10% in the company (Photo : Reuters) Bodo Uebber, chief financial officer of Germany's car manufacturer Daimler, said that they are not expecting sovereign wealth fund China Investment Corp.
Richter Reaches New Joint Venture with Rxmidas in China
Richter has said that it has formed a new joint venture with its marketing partner to improve direct presence in the Chinese pharmaceutical market.
Royal Pharma Proposes $11 Per Share to Elan for Tysabri Royalty Rights
Royalty Pharma has been making big approaches to acquire the royalty rights for Tysabri from the Irish drug maker.
Latest News
Pearson denies plans to sell Financial Times. (Photo : Reuters) Pearson, the British education and media group, through its new CEO reiterated that the Financial Times is not for sale.
Vodafone chooses Wirecard for mobile payment services. Wirecard, the biggest payment systems provider in Germany has announced that it has been chosen by Vodafone to carry the mobile carrier's payment system.
Barclays increases stake in Absa. Absa Group's minority shareholders openly supported a plan to purchase the African operations of Barclays Plc. The purchase would amount to US$2.
ICL purchases Thermphos. Israel Chemicals, the fertilizer and specialty chemicals maker has entered into an agreement to acquire Thermphos International BV.
Villar Mir to make an offer for real estate firm Colonial. Spanish business mogul Juan Miguel Villar Mir is reviewing its position as to the debt saddled real estate company Colonial.
General Motors has agreed to use AT&T wireless service for its 2015 auto models, ending service from Verizon.
Siemens has been aiming to reduce its stake at Nokia Siemens Networks when its 6-year shareholder agreement with Nokia in April
Jim Woolery steps down at JPMorgan to start as chairman for law firm Cadwalader, Wickersham & Taft. (Corrects title of new deputy chairman and Chris Ventresca remaining at JP Morgan in second paragraph) Jim Woolery, co-head of North American mergers and acquisitions business at JP Morgan, is leaving the company to work for law firm Cadwalader, Wickersham & Taft, the investment bank's spokeswoman said.
The chairman of Barnes & Noble, Leonard Riggio, it set to offer bid for the bookstore business of the firm.
