Rates for loans to cover Vodafone buyout bared

The rates for the loans engaged by Verizon Communications to pay off the 45% Vodafone ownership in the Wireless venture was recently released.

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Best Buy CEO Joly sells shares to pay for divorce

About 350,000 shares were sold by Best Buy CEO Joly to pay for divorce but this does not dilute his shareholdings in the company.

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MMX sells off shares in port to Trafigura and Mubadala

Eike Batista's MMX sold off its debt and partial stake to commodities trader Trafigura Beheer BV and sovereign wealth fund Mubadala Development Crop for the Sudeste port.

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SZITIC to do IPO by year's end

SZITIC Commercial Property Ltd had prepared plans to undertake an IPO in the Hong Kong bourse worth around USD1 billion.

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Esprit reports loss for 2012 but expects to rebound in 2013

Apparel retailer Esprit Holdings attributed the loss in 2012 to a sluggish European market and increased competition from other brand names such as Zara and Hennes & Mauritz.

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Nestle expected to divest L'Oreal shares

One scenario is the divestment of the L'Oreal shares but Nestle may pull a surprise at the last minute.

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Axel Springer pulls out of bidding for Scout24

German publisher Axel Springer withdrew from the race to bid for 30% of Deutsche Telekom's Scout24.

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OTP Bank prepares offer for state owned shares in Takarekbank

OTP Bank had prepared to purchase the shares owned by the Hungarian Post Office and the Hungarian development bank.

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Regulator approves new Palm Hills share issue

Palm Hills, the Egyptian developer wracked with intrigue and controversy from the Mubarak regime, had obtained approval from regulators as to its new share issue.

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Payment to Vodafone opens options for the future

The USD130 billion payout to Vodafone, even with its sharing of proceeds with shareholders, allows current CEO many options for the company's future.

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Warba Bank shares now allowed for trading in the stock market

After a three year prohibition on share trading, Warba Bank shares are now available for trading in the stock market.

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UPS plane crash also downs share values

The UPS plane crash is now being investigated by Federal Authorities and as a result, the share values of the firm plummet.

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Unnamed investor bids top price for Steinway shares

Steinway Musical Instruments said that another investor topped the USD 35 per share offer of Kohlberg & Co with a bid of USD 38 per share.

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Judge's rejection of Fiat's request to value shares paves way for trial; Fiat unfazed

The rejection of Fiat SpA's request to value 54,000 Chrysler shares by the Delaware Chancery Court allowed the United Auto Worker's retiree trust case to go to trial but Fiat remained unfazed.

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JPMorgan reissues overweight rating for Facebook shares

JPMorgan reissued overweight rating for Facebook shares as per a research report released Thursday.

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