Goldman to sell debt in Chilean local market. The fifth largest US bank by assets, Goldman Sachs Group Inc, is planning to expand into the Chilean market with the sale of fifty year bonds in the local market.
Institutional investors
Herbalife Expands Board Membership
Herbalife expands board to eleven directors for Icahn investment. Herbalife has agreed to increase its board membership by two seats to be chosen by Carl Icahn.
Sandridge Posts 4th Quarter Loss
Sandridge Oil posts a 'happy' fourth quarter loss. Oil and gas company Sandridge Energy announced a fourth quarter loss while at the same time bucking criticism from its line of activist investors.
Carlyle Purchases Hotel Chain
Consortium led by Carlyle Group purchases China's 7 Days Hotel chain. Chinese budget hotel chain 7 Days Group Holdings Ltd has reached a deal with a consortium of investors led by the Carlyle Group.
OneRoof Energy Inc Backed by Morgan Stanley
Morgan Stanley, Main Street and Zions provide financing for OneRoof Energy. A group consisting of Morgan Stanley, Main Street Power Co and Zions Bancorporation has provided OneRoof Energy Inc with a US$100 million facility to enhance its current operations in providing financing for residential solar energy systems.
Latest News
Court ruling ordering Argentina to pay debt notes on appeal. Analysts project that Argentina would lose its case against its creditors in its case filed in US courts.
French water utility Veolia is now considering to buy out some minority investors but will not make acquisitions policy.
BCBG sale may reach US$1 billion BCBG Max Azria Group Inc, the fashion house to stars such as Beyonce and Angelina Jolie, is now expecting to sell at an amount nearing US$1 billion.
Freeport reached an agreement to acquire Plains Exploration & Production Co. and McMoran Exploration Co. with proceeds to fund its move to enter oil and gas production market.
RBS has reported good earnings that it hopes to influence the government to sell its 82 percent stake in the company.
The EMEA GSPS business of Morgan Stanley has been sold to Compuetershare. In an announcement, Morgan Stanley had reached an agreement to sell the EMEA market of its Global Stock Plan Services .
Scams on fraudulent private equities rob individuals of hard earned money. The city of Tianjin in China was rocked with controversy as thousands of retail investors claimed they were tricked by a group that offered illegal wealth management products.
Blackstone invests in Indian commercial real estate. Private equity firm Blackstone Group LP is leading the charge for investments into India's commercial real estate market after the recent global recession has lowered interest in its once red hot residential market.
Man Group revamp seen to buoy Fund recovery. Man Group is depending its future on its fund manager AHL as it reports its current status as the leadership of new CEO Emmanuel Roman begins.
