The discussions of a possible merger between DAE and StandardAero has ended. StandardAero's owner, Dubai Aerospace Enterprise, said it had ended discussions with British aircraft servvices company BBA Aviation.
Industrials
Glencore Xstrata generates USD2 billion in total savings since its merger
The projected savings for the merger of Glencore and Xstrata was at UDD500 million but nearly a year later, the savings is worth four times that projected amount.
Rumors as to Fiat-VEBA deal flew because of top executive absences
The Fiat-VEBA deak was expected because of the absence of top executives in the Frankfurt Auto Show.
Carlyle Group to purchase Red Oak power plant, buys five others
The Carlyle Group said it would buy the Red Oak power plant in New Jersey and announced the completion of the acquisition of five other facilities in California.
Koch Industries will acquire Krehbiel-founded Molex in a USD7.2 billion agreement
Krehbiel family-founded Molex had agreed to be bought out by Koch Industries for USD7.2 billion. On Monday, Koch Industries had agreed to acquire Molex for USD7.
Latest News
Italy' economy minister assures the market that Italy has no policy to oppose foreign bids for domestic enterprises.
The UAE railway network's first phase has been completed. The first phase of the multi-billion dollar rail network for UAE is acheduled for inauguration for the end of 2013.
A senior official of the Pentagon told Reuters that the US government would be in danger to defaulting weapons contract payments should they halt Egyptian aid.
President Nursultan Nazarbayev confirmed that Kazakhstan would be inking 22 deals with China worth USD 30 billion on Saturday.
Daimler CEO Dieter Zetsche told a German newspaper that they would be constructing a new car plant in Brazil.
President Uhuru Kenyatta's office said Africa's richest man Aliko Dangote would invest in a USD 400 million cement factory in Kenya.
Ford CEO Alan Mulally said he would remain as the company's head at least through 2014 following reports that Microsoft Corp. had recruited him.
CHAMP Marlin Holdings and SEA6 Limited offered a total of USD150 million takeover bid for the remaining 25% stake it does not own in Miclyn Express.
Chicago Mayor Rahm Emanuel had cancelled the bidding for the lease of the Midway Airport. Mayor Rahm Emanuel of Chicago last Thursday cancelled a deal to lease the Midway Airport.
