Corporations

Mercedes-Benz plans more outlets in China to capture bigger market share

German car manufacturer Daimler Mercedes-Benz planned to increase the number of its dealer outlets in China to get a bigger share of the world's largest auto market.


Belgium government may reduce ownership in Belgacom- newspaper

Sources told a Belgian business daily that the government could sell a small portion of its stake in the Belgacom Group.

AT&T sets its sight on Vodafone after Verizon deal

AT&T would be looking into Vodafone group's remaining assets in the midst of the British mobile carrier's exit from the US wireless business with the buyout from Verizon Communications.

Dial Global exit to Cumulus Media is worth USD260 million: newspaper source

A Reuters report cited Wall Street Journal sources who said that Cumulus Media, a radio broadcasting company set its sight on buying out Dial Global, a content producer, for USD260 million in cash.


Latest News

Sinopec, the state owned oil and gas firm, forms Apache and Sinopec Group through the purchase of 33% of the Apache Corp.
SCA Property's gearing, its debt to ratio assets, is projected to rise to 33% and can rise to as much as 40% according to its CEO.
Vaultize's expansion into the Mumbai area is a step towards achieving its regional and domestic plans.
Several speculations stated that the giant software maker Microsoft Corp. would acquire stake in Foursquare Labs.
Potbelly Corp. announced its initial public offering as it intends to raise USD75 million to pay a previously declared cash dividend.
According to sources, CSN might call off the deal with German steelmaker ThyssenKrupp if the its Alabama plant would not be included in the offer.
NASDAQ OMX Group identified a software bug that had caused the three hour trading halt last August 22.
KPN foundation had intervened to block the EUR7.2 billion America Movil-KPN deal to safeguard the group's stakeholders.
L'Oreal CEO Jean-Paul Agon said that the company would be ready to buy Nestle's stake in the company which was valued at EUR22 billion.
A second financial crisis was predicted to hit Asia in the next 12 to 18 months that originated from the US after its Federal Reserve announced stimulus reduction.
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