MetroPCS faces pressure from P. Schoenfeld Asset Management, which owns about 2% of its shares, to update the merger documents with the Deustche Telekom AG's unit T-Mobile USA to reflect T-Mobile's earnings.
Europe
BP Loses Bidding War Against ExxonMobile for the 2nd Time
BP lost a bidding battle again to United States' ExxonMobile as the latter acquires access to Arctic Laptev Sea Fields where Russia's Rosneft has prospect reserves.
Trafigura Exploring Bid for Nyrstar
Trafigura interested in purchasing zinc rights from Nyrstar. Trafigura, a well known commodities trader has announced its interest in purchasing the exclusive rights to purchase the zinc from Nyrstar, the world's number one producer.
Fiat to Acquire Remaining Chrysler Stake
Fiat's CEO reveals the company's plan of buying out the remaining shares in Chrysler, in which it has 58.5 percent share, as the company met with banks for acquisition financing.
BP Loses Twice in a Row
BP loses bids on Arctic oil exploration. According to sources, British Petroleum, who lost its first deal to drill oil in Arctic Russia to rival ExxonMobil again was beaten out by the same rival when it tried to negotiate a deal with Russian oil giant Rosneft.
Latest News
Private equity firm CVC is holding early talks with McCarthy & Stone's former chairman Alan Bowkett to decide on the bid for acquiring the UK's argest retirement home builder.
The soccer club Arsenal insisted that its American billionaire Stan Kroenke, who owns a two-thirds in the London club, has no plans for selling his majority stake despite criticisms.
Oil group Repsol reached a deal for the sale of its 5% stake to Singaporean government fund Temasek as it hopes for financial stability.
Temasek increases stake in Repsol. Repsol, the oil conglomerate from Spain, has announced the sale of another 5% interest to the Singaporean government fund, Temasek.
Carlsberg is bidding for buyout of 30.31% share in Chinese brewer Chongqing Brewer Co. as it hopes growth in China.
Carlsberg set to take a bigger stake in Chongqing Brewery. Carlsberg has undertaken a takeover bid in the amount of 2. 65 billion Danish crowns or US$461.
Thomas Cook withdraws sale of French subsidiary. Thomas Cook, the world's oldest travel group, in a statement said that it decided not to sell its French business.
Shun Tak bond issue attracts investors from Asia and Europe. Shun Tak, the Macau conglomerate, issued its US$400 million seven year maturity bond in the hope that the issuance would re-open the market for unrated paper after the lunar new year break.
UK government accepts loss for The UK government is keen on recovering the cost of bailing out the Royal Bank of Scotland Group Plc. The pegged price is 19% lower than what the government had shelled out to RBS back in 2008.
