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.

Areva, a nuclear group in France, has said it Fennovoima might terminate the company from deals on supply for the reactor site in Japan.

CVC is seeking 44% for Mahatari after Aeon terminated its offer for the retailer. CVC Capital Partners is expected to ask equity investors to invest more for PT Matahari Department Store than a tentative bid for the retailer by Aeon Co.

The top market marker in the U.S. is expected to sell its credit-brokerage business unit to Stifel Financial Corp.

French media group Vivendi SA is likely to close a deal in the coming weeks to sell a stake in Brazilian telecoms unit GVT

Wolfberg and Landry to join forces in new hedge fund firm. Adam Wolfberg, a veteran of SAC Capital Advisors, Diamondback Capital Management and the Galleon Group is teaming up with Steven Landry of East Bay Asset Management would launch a new hedge fund.

Former Soros CIO Anderson now raising funds for own financial firm. Learning from the best now he is striking it out on his own. Keith Anderson, former Chief Investment Officer at Soros Fund Management is now raising funds for his own hedge fund named Anderson Global Macro according to recent report from Reuters.

Private equity defined in simple terms. Private equity is simply a class of assets that include equity securities in operating companies that are not bought and sold in the stock exchange.