GM expands interests in South Korea. An additional US$7. 3 billion is being eyed by General Motors Co. to be invested into its South Korean subsidiary spread over five years.
Consumer Electronics
Japanese Billionaire Okada Resigns from Wynn Resorts
Okada quits ahead of ouster move. Kazuo Okada resigned from Wynn Resorts Ltd not waiting for the results of the board of directors' vote. The Japanese billionaire is actually facing ouster by the board.
Deals of The Day — Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Tuesday The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: - Capital One Financial Corp said it agreed to sell to Citigroup Inc its $7 billion portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co Inc.
Dole to close Itochu deal in April; sell land in Hawaii
Itochu today paid Dole a non-refundable cash deposit of $200 million to be applied toward the purchase price
True North Apartment REIT Develops Portfolio
REIT purchases sprawling Ontario property for expansion. True North Apartment Real Estate Investment Trust has announced that it would acquire four properties in the Ontario area for a total purchase price of US$25.
Latest News
Mentor Graphics Corp. has said it purchase assets at MontaVista LLC, marking its commitment to expand its automotive business unit.
Final sale details for Printemps ongoing for Borletti and Qatari Royal Family. Printemps is now in discussion with Italian business tycoon Maurizio Borletti.
LVMH unveiled its first acquisition in fashion in four years on Thursday when it took a minority stake in young French fashion brand Maxime Simoens for an undisclosed sum.
Printemps owners are said to have been aiming to sell their 90% share in Qatar. Businessman Maurizio Borletti of Italy said that owners of Deustche Bank's real estate arm RREEF are selling their 70% share at French department store and tourist hotspot Printemps.
Bids, mergers, acquisitions and disposals were reported on Thursday The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:- Ferrovial is to buy British utility services company Enterprise Plc for 385 million pounds ($589 million) from 3i Group, the Spanish infrastructure group's first major purchase after a long debt-cutting drive.
MGM Resorts chair Jim Murren said Crystals luxury mall has potential buyers (Photo : Reuters) MGM Resorts International's chief executive said he remains bullish on Macau despite reports of slowing growth in the gambling enclave of China.
The New York Times is putting up the Boston Globe group for sale for a second time (Photo : Reuters) For the second time, the prestigious Boston Globe has been put up for sale by its current owners, the New York Times Co.
Essex Property purchases Fox Plaza property Essex Property Trust, Inc. , one of the foremost property developers in the West Coast has expanded in its property interests in San Francisco, California with the recent purchase of the Fox Plaza.
MetroPCS reaffirms commitment to combination with T-Mobile USA MetroPCS Communications, Inc. (NYSE: PCS) today reaffirmed its commitment to the proposed combination of MetroPCS and T-Mobile USA announced October 3, 2012 in response to a letter from P.
