Fund managers said they were optimistic about Twitter's upcoming debut. Institutional investors expressed confidence about the initial public offering of social media company Twitter Inc.
Sectors
China SMEs cede control to foreign firms amid adverse IPO prospects - report
Private equity firms had been seen selling its ownership stakes in small and medium companies in China to gain back equity.
Buyout talks between CVC Capital and South Beauty in advance stage - sources
CVC Capital Partners would be acquiring a 69% ownership stake in Chinese restaurant chain South Beauty Investment Co Ltd for USD300 million, sources said.
Energy Future to hire additional directors prior to interest default vote - source
The hiring of two new Energy Future Holdings Corp board directors was seen as timely as the power producer needed to decide on making its USD270 million interest payment before November 1.
CCB nears closing of Bicbanco buyout - source
The source said China Construction Bank Corp's acquisition of BicBanco would be the easiest step in securing a license to expand in Brazil.
Latest News
Sources told Bloomberg that the Blue Bird Group had begun to check investor demand for its planned USD 450 million IPO.
Ally Financial wrote down a USD170 million charge for its third quarter earnings after reaching a settlement with two US housing regulators.
News Corp received a five-year revolving line of credit amounting to USD 650 million. News Corp was able to get a revolving credit line worth USD 650 million, which would be good for five years.
Sources said Blackstone would be making a bet for regional government properties in Spain after its July acquisition.
Securus Medical Group raised USD 6.5 million at the initial close of its Series B round led by 3X5 Special Opportunity Fund.
French advertiser Criteo raised USD 250 million from its IPO. France-based firm Criteo raised USD 250 million from its initial public offering in the US.
French billionaire Xavier Niel was looking at possible deals with phone companies in Europe, sources told Bloomberg.
Former billionaire Eike Batista would be selling his coal mines in Colombia to Yildirim Holding for USD 450 million.
The permanent eternal flame was brought back to light the gravesite of JFK after its repair. The eternal flame marking the gravesite of former US President John F.
