To gain foothold for mobile broadband adoption in Europe, AT&T is seeking to acquire major telecoms firms such as Vodafone in the near future.
Sectors
China Construction Bank Corp purchases majority shareholdings in Banco Industrial & Comercial SA
BicBanco's 72% would be acquired by China Construction Bank Corp for BRL1.62 billion. China's second largest financial institution in terms of assets, China Construction Bank Corp, had entered into an agreement to pay BRL1.
Barrick Gold halts project, offers shares to raise funds
The halt of its Pascua-Lama project as well as gold price decline had forced Barrick Gold to sell of shares to raise much needed funds.
Wells Fargo settles mortgage bonds issues with FHFA
For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes In an agreement to settle claims with the Federal Housing Finance Agency, Wells Fargo agreed to pay less than USD1 billion to resolve the issue on the bank's alleged knowledge of the faulty nature of mortgage bonds sold to Fannie Mae and Freddie Mac.
ITT Corp increases dividend and expands manufacturing to address higher demand
Pumpmaker ITT is expanding both on the shareholder value side and on the operations side as demand for pumps had increased by half in the third quarter alone.
Latest News
Denmark's Waoo!, Sweden's Com Hem and the UK's Virgin Media are the latest additions to the Netflix galaxy of streaming partners.
Novaquest Capital Management lands USD459 million for its Fund III. NovaQuest Capital Management had announced the closure of NovaQuest Pharma Opportunities Fund III LP.
Alexander Mann Solutions was purchased for GBP260 million by private equity firm New Mountain Capital.
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
Volkswagen's sales in the US remained a mystery to its manufacturers. Volkswagen AG (VW), the world's third largest automaker in the world, is disappointed with its US sales, according to Bloomberg report.
Art aficionados would have a chance to acquire a piece of SAC Capital Advisors owner and billionaire Steven Cohen to be sold next week at auction houses Sotheby's and Christie's.
A new financial advisory services firm in London had been formed by three former bankers who had successful careers in mergers and acquisitions.
Academic textbook rental company Chegg recently priced its shares for its upcoming IPO. On Thursday, textbook rental and academic services startup Chegg said intended to raise up to USD172.
Chinese online classifieds marketplace 58.com would be selling American Depository Shares (ADS) at USD17 apiece starting today on the New York Stock Exchange.
