Vodafone claims ability to expand in Europe under current circumstances. Vodafone in an announcement said that it need not sell its stake in its venture with Verizon Wireless in order to be competitive in Europe.
Corporations
AB InBev Talks with US Justice Department on a Purchase Deal
AB InBev has been negotiating with the Department of Justice to settle lawsuit filed by the government to block its deal to acquire Mexican Group Modelo.
First Quantum to Extend C$5.1 Billion Bid for Rival Inmet Mining Corp.
First Quantum may slightly extend its offer for Inmet as it resolves regulatory barriers, its president, Clive Newall, disclosed.
BH Media Group Acquires Lorton Family's Tulsa World
BH Media has announced that it bought the daily newspaper published by the Lortons in an undisclosed amount.
Rosneft Confident to Get EU Approval for TNK-BP Takeover
Rosneft is confident it would get approval from the European Commission for its deal to buy TNK-BP. Russian oil producer Rosneft said that it is likely to get regulatory approval from the European Union for its bid to acquire TNK-BP, a source familiar with the matter disclosed.
Latest News
PPR sells off assets. In a report by French newspaper Les Echos, PPR, the French luxury and sports brand is in discussion with Nordic Capital for the sale of Ellos, the Scandanavian subsidiary of its Redcats line.
Wells Fargo takes hit on Heinz purchase. According to Moody's Investors Service Inc, Wells Fargo's credit profile took a hit for itsparticipation in the financing of the HJ Heinz Co purchase.
Carestream up for bids. Medical imaging and healthcare technology solutions provider Carestream Health Inc is now in the process of searching for a buyer for its assets.
Vivendi's sale of GVT postponed due to lukewarm price offers. Vivendi is postponing the sale of GVT, its Brazilian telecommunications unit after the French consortium failed to receive purchase offers amenable to its price.
Richter partners with marketing arm to conquer Chinese market. Richter, the Hungarian drug maker has just entered into a joint venture partnership to be able to market its products better in the world's largest market, China.
The contentious $15.1 billion takeover of Canadian oil and gas company Nexen Inc by Chinese state-owned entity CNOOC Ltd closed on Monday
LG Electronics will be using webOs operating system from Hewlett-Packard for its internet-connected TVs.
Sinopec purchases 850,000 acres for US$1.02 billion. Half of Chesapeake Energy Corp's assets has just been purchased by China Petroleum and Chemical Corp or Sinopec.
Share values fall on rumors of sales of pledged stocks. Share values fell for small and midsized companies on rumors that pledged shares of specific companies were being offered for sale.
