Many hedge fund managers fear extension of Eurozone debt crisis as well as local bank issues hovering over the financial markets.
Industry
Microsoft Discusses to Buy Nokia Devices
A online WSJ report on Wednesday said that the early discussions between Microsoft and Nokia to purchase the latter's device unit have faltered with no chance of getting renewed.
Forest Laboratories Considers Bid for Elan Corp
According to sources, Icahn-backed Forest Laboratories is among mid-sized drug makers to eye for Elan.
Icahn Repeats Pledge for Dell Buyback
Carl Icahn reiterated his interests in owning Dell and said that the US$5.2 billion refinancing from the investment bank is expected in the next couple of weeks.
Loeb’s Proposal for Partial Sony Spin off Looms over Shareholder Meeting
Daniel Loeb, head of Third Point LLC proposed a partial spin off to Sony’s business unit to boost the struggling electronics division.
Latest News
A Braunschweig-based court issued its decision to take the Eur2 billion damages lawsuit against Porsche SE to a specialized court.
On Wednesday, Fairfax Financial Holdings said it would increase its stake in Eurobank Properties by 42% from the previous 19%.
Michael Combes is the third CEO to try right Alcatel after leaving his post in Vodafone's European businesses.
CEO for Smithfield Foods Inc., Larry Pope can get a hefty US$46.6 million payment from merger-related transactions.
Alcatel-Lucent plans to sell its assets for Eur1 billion to stem losses and focus on the businesses including ultra-high speed internet.
Dalian Wanda Group invested US$1.6 million in yacht manufacturer Sunseeker International Ltd. and a London property that included a five-star hotel.
Farallon Capital Management LLC acquired 9.91% stake from Nathan Tinkler making the fund the largest shareholder at Whitehaven Coal Ltd.
Google Inc. is looking actively for acquisitions from private equity alliances to help it structure its deals.
Japan's Astellas Pharma looks to sell its dermatology portfolio valued between US$500 million to US$1 billion.
