Rolls-Royce Motor Cars Ltd., the world's second largest aircraft engine maker, is reportedly negotiating to buy the marine propulsion division of Finalnd-based power plant and ship engine maker Wartsila. Wartsila has previously refused other approaches for its marine unit.
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IBM to invest over $1B to set up new Watson business unit
Tech giant IBM Corp. said it will invest more than $1 billion to create the IBM Watson Group. The new business unit will enable IBM to get more revenue from the supercomputer system Watson.
Wanxiang sweetens bid for US car maker Fisker in battle with Hybrid
China-based car parts conglomerate Wanxiang has sweetened its bid for failed US electric car maker Fisker Automotive in a battle with its rival suitor, Hong Kong-based firm Hybrid Technology.
US regulators seek to tighten standards on muni advisers- report
The Municipal Securities Rule-making Board has released draft rules today aimed at tightening the standards that govern the conduct of firms that give advice to public officials regarding their municipal bonds.
McKesson sweetens bid for Celesio, ups offer to €23.50 per share
McKesson Corporation has sweeten its offer for German counterpart Celesio AG in a bid to win over hedge fund Elliott Management Corporation. McKesson has lifted its bid from €23 per Celesio share to €23.50 apiece.
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Bank of China UK on Wednesday issued $413 million worth of yuan-denominated bonds in London, as China seeks to increase the international usage of its currency for trade and investment. Bank of China also said that the bond will list on London's bourse.
India-based global marketing solutions company Indegene acquired Atlanta, US-based outcomes research firm Total Therapeutic Management (TTM) for an undisclosed sum to expand its presence in the US.
Sources told Bloomberg that CT Corp, a diversified holding company based in Indonesia, has hired 13 lenders to market a syndicated loan worth $1.275 billion.
Private equity firm Apollo Global Management is looking to exit its investment in Australia-based fund-of-hedge-fund manager HFA Holdings. HFA is the owner of investment manager Lighthouse Investment Partners.
Irving, Texas-based luxury hotel company Omni Hotels & Resorts has bought the iconic Montelucia Resort & Spa in Scottsdale, Arizona for an undisclosed amount, to be renamed as the Omni Scottsdale Resort & Spa at Montelucia.
Fairfax Financial Holdings Ltd, which is BlackBerry Ltd.'s largest shareholder, on Wednesday announced that it would buy another $250 million of the struggling smartphone maker's convertible debentures.
Raiffeisen Bank International reportedly aborted plans to sell its loss-making Hungarian business, saying that selling the asset at a knock-down price would trigger losses it was not prepared to accept.
New York-based private equity firm KKR & Co was able to gather $2 billion for a fund called the KKR Special Situations Fund that will provide financing to distressed firms in North America, Europe and Asia.
American rapper and producer Sean "Diddy" Combs struck a partnership with UK-based consumer goods firm Diageo Spirits to acquire the luxury tequila brand DeLeon in their second 50-50 joint venture.
