Japan's Panasonic to sell three chip plants to Israel's TowerJazz -sources

Troubled electronics giant Panasonic will sell three of its chip factories in Japan to Israel's TowerJazz by March 2014, according to sources with direct knowledge of the situation.

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Private equity offers pour in to Ashland - sources

Ashland, a chemical manufacturer, is in talks with at least seven private equity firms that are all interested in purchasing its water technologies unit in a deal that could fetch upwards of USD 1.5 billion.

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Mexico's TV Azteca buys troubled soccer club Atlas

Mexican broadcaster TV Azteca purchased financially troubled soccer club Atlas on Monday in an acquisition deal valued at USD50 million, according to the club's president.

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Banco Popular sells property management to US funds

Spanish bank Banco Popular announced the sale of its property management units to US-based investment companies Varde Partners and Kennedy Wilson for an undisclosed amount.

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Investors wary of record-setting US stock

The S&P jumped around 26% in 2013 with major indexes hitting record high, but investors are wary of the surge in US stocks, citing a potential big drop on the market the following year.

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Coeure says European Central Bank may cut rates further

European Central Bank (ECB) Executive board member Benoit Coeure said the ECB plans to maintain its low interest rates or may cut them further because of low inflation.

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Peugeot to replace chief executive for Dongfeng deal -sources

PSA Peugeot Citroen is preparing to replace its present Chief Executive Officer Philippe Varin for a joint venture with Chinese partner Dongfeng, according to sources familiar with the matter.

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Pfizer Ltd to take over Wyeth Ltd

A Saturday announcement revealed that Pfizer Ltd, Pfizer Inc's Indian unit, would be merging with its local affiliate Wyeth Ltd after both pharmaceutical firms' boards approved the deal.

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Glorious Property gets USD589 million bid from founder

Billionaire Zhang Zhirong offered USD589 million to take Glorious Property Holdings Ltd private, a move is seen as an effort to save a troubled shipbuilder that he founded.

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Weigao Group to sell entire stake in Biosensors

China's Shandong Weigao Group Medical Polymer Co Ltd announced its intention to sell its entire 21.7% stake in medical device manufacturer Biosensors International Group Ltd for USD312.3 million.

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Party City gearing up for early 2014 IPO: sources

US-based party goods retailer Party City Holdings Inc is preparing for a potential initial public offering (IPO) in early 2014, according to anonymous sources familiar with the matter.

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UniCredit may sell indirect stake in AS Roma

Italian bank UniCredit said on Thursday that it may consider selling its indirect stake in professional football team Associazione Sportiva (AS) Roma, although no decision had yet been made.

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Cloud storage firm Box seeks USD100 million in new funding

Cloud storage provider Box, a rival of Dropbox, is raising USD100 million in new funding through a share sale that would value the company at around USD2 billion.

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Russian oil producer Bashneft chooses banks for its London listing

Three financial sources said Russia-based oil firm Bashneft selected Morgan Stanley, Sberbank, and Barclays as global coordinators for the company's planned secondary listing in London.

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TriArtisan Partners leads bid for CKE Inc

TriArtisan Capital Partners emerged as the top bidder for California-based restaurant operator CKE Inc in a deal valued at almost USD2 billion, according to sources familiar with the situation.

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