Industry

Alpine to discuss with its mother firm FCC as to financial options in the future. The Austrian division of Spanish construction group FCC, Alpine will host discussions with the company owners regarding how to fulfill its financial requirements and other possible options, according to Arnold Schiefer, Chief Executive Officer of Alpine.

Home Depot is poised for greater growth as the housing market recovers. With the housing market on the upswing, with US home prices on the rise, this not only helps the housing market itself but accessory markets as well.

Piraeus Bank, in order to meet obligations, has hired four banks to help in its share issues and woes.

BlackRock's success is attributable to its analysts and its attack in getting the shares for its shareholders.

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Grupo Hevi, one of the largest cable television operators in Mexico, is exploring sale possibilities through the engagement of Barclays Plc.

Hans Sicat gets third term and promises new investment vehicles for the Philippine bourse in the coming year.

Being Einhorned is a new term in financial circles. Very few hedge fund managers receive as much hype and attention as David Einhorn would get with just a simple interview.

GM's current share values surpass the pegged price for its IPO back in November 2010. In an announcement, Detroit car giant General Motors Co said that its current share values have surpassed their 2010 IPO prices.

ECB cuts interest rates to nearly zero to help bank liquidity amidst the current Eurozone recession.

SEC Commissioner Gallagher says one cannot outsource their fiduciary duties. According to a high ranking US securities regulator, lawmakers should review the role that advisory firms play during corporate regulations and determine if regulatory measures are necessary to allow them greater roles during the process.

S&P downgrades Berkshire Hathaway from AA plus to AA. Standard and Poor's, the renowned credit rating agency, has announced that it would be cutting Berkshire Hathaway's rating from 'AA plus' to 'AA'.

Erste Group Bank has confirmed the ability to pay off state bailout funds but did not provide a schedule for the same.

The Philippines' DOTC approves seven bidders for Metro Cebu airport project. The government of the Republic of the Philippines have released a list of approved and qualified builders for a US$430 million airport project.

NBGI Private Equity signs Tim Kelly as its second board member for its Senior Industry Advisory Board.