News Corp announced that it had sold Dow Jones Local Media to a unit of Fortress Investment Group without disclosing the terms of the deal.
Corporations
Investor files disclosure suit against Petrochina
Petrochina Securities investor Johan Broux filed a disclosure suit against Petrochina Co and its current and former executives for failing to disclose pertinent news to investors.
Yucaipa's Burkle urges Morgans Hotel to sell
Yucaipa Cos. and billionaire Ron Burkle filed a letter to Morgans Hotel Group Co. Chairman Jason Kalisman demanding the sale of the New York-based hotelier.
Yanchang Petroleum agrees CAD 232 million acquisition of Novus Energy
Yanchang Petroleum would be purchasing Novus Energy CAD 232 million or USD 220 million. Yanchang Petroleum International would acquire Novus Energy for CAD 232 million or USD 220 million.
Bright Food Group in 'preliminary' talks for stake purchase in Tnuva Food Industries
China-based Bright Food Group has planned to buy a stake in Israel's Tnuva Food Industries. Bright Food Group Co said it could buy a stake in Tnuva Food Industries Ltd.
Latest News
AMC Entertainment Holdings announced to go public through an IPO as it aimed to raise USD400 million.
LinkedIn Corp said last Thursday that it would sell additional USD1 billion of its Class A common stock.
After filing bankruptcy protection last year, Kodak said last Tuesday that it had finally exited bankruptcy.
Nokia could boost its royalties as the Finnish phone maker gripped on its valuable patent portfolio.
Following the announced sale of Nokia to Microsoft Corp, BlackBerry shares jumped to as much as 3.6% last Tuesday.
Daimler announced that it had appointed the new head for the company's luxury car division, AGM unit.
With nearly USD30 billion retained from the buyout, Vodafone is gearing towards expansion and technology upgrades.
TRG is the new firm formed from the merger of Citi Venture Capital International and Rohatyn Group. In order to manage emerging-markets assets, Citigroup Inc has laid out plans to combine its Citi Venture Capital International with the Rohatyn Group under undisclosed terms.
According to an investigative report by the Huffington Post, Microsoft Corp would be dipping into its USD60 billion offshore holdings to finance its Nokia handset business acquisition in cash.
