Reuben Kressel, a 66-year old investor, completely sold his entire holding in Twitter Inc. after its shares dropped as much as $5.91 or 8% on Friday's market close. Kressel owns 500 shares in the micro-blogging site.
Exits
BlackRock fund sells Singapore's Westin hotel to Daisho for $369M
BlackRock Inc's Asia Property Fund III is exiting its Westin hotel in Singapore to Tokyo-based property developer Daisho Group in a deal valued at S$468 million ($369 million).
Mondelez inks deal to sell SnackWell's stake to US private equity firm
Illinois-based snack company Mondelez International Inc has entered an agreement to sell a controlling stake in its cookie and cracker business, SnackWell's, to Connecticut-based private equity firm Brynwood Partners for an undisclosed amount.
UK government could sell off remaining Lloyds stake in 2014 -sources
The UK government could sell off its remaining 33% stake in Lloyds Banking Group next year to complete the privatization of the lender, according to sources familiar with the process.
US bank group challenges Volcker rule in court
The American Bankers Association, a representative of majority of the community banks in the US, said the provision on banning investments in collateralized debt obligations will result to the lenders losing $600 million in the process.
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Marathon Asset Management, the New York-based hedge fund that owns the town of Scotia in California needs to make a slick exit, The Wall Street Journal reported.
Indian Bitcoin exchanges are expected to be shuttering their services down after initially-quiet Reserve Bank of India (RBI) released a statement regarding the risks of using the cryptocurrency.
Iskandar Waterfront Holdings has put up for sale 15 hectares of seafront land in Danga Bay. The parcels of land will be sold to Singaporean firm Hao Yuan Investment for MYR1.6 billion.
Axis Real Estate Investment Trust, through its trustee RHB Trustees Bhd, has entered into a sales and purchase agreement to divest its Axis Plaza. The five-storey building will be sold to Collective Developers Sdn Bhd for MYR34 million.
Indonesia-based mobile network operator PT Indosat aims to offload its minority stake in telecommunications tower firm PT Tower Bersama Infrastructure (TBIG) early next year, according to the company's finance director.
Bega Cheese Ltd., the largest shareholder in Warrnambool Cheese and Butter Co. Holdings, is reportedly negotiating with other firms including non-Australian investors on a possible sale of its 18.7% stake in Australia's oldest dairy firm.
Brazil-based iron ore mining giant Vale said it will sell its stake in Brazilian logistics firm Log-in Logistica International and auction its capital in phosphoric acid firm Fosbrasil.
A filing with the US Securities and Exchange Commission revealed that Aptalis Holdings Inc has plans to conduct a share sale on the Nasdaq Stock Market and raise up to $500 million in the process.
The Slovenian beer market may turn sour as the government plans a state fire sale of its assets in a bid to steady its finances and avoid a bailout, Reuters reported.
