French car maker Peugeot is looking into a possible sale of top vehicle interiors and emission control technology company Faurecia. Peugeot exiting Faurecia might be necessary to secure another government bailout.
Investors
China eyes property in the West
Chinese institutional investors' outbound investment in real estate will continue to increase next year as buying opportunities emerge in the United States and Europe and international financial institutions dispose of their property assets.
What to watch in the week ahead
Investors remain inclined to take markets higher in the absence of anything that would suggest equities should fall. The market seems to have hit a stage where strong data helps and weak data affirms the Fed's intentions to keep policy accommodative, which also helps stocks.
Senior executive at Monte Paschi's biggest shareholder quits job over stake sale plan
Giorgio Olivato, vice chairman of a foundation that is Monte Paschi's largest shareholder, has resigned from office for unknown reasons. Sources, however, said that Olivato opposed the foundation's plan to sell its stake in the Italian bank.
Cooper seeks Supreme Court ruling forcing Apollo to close USD2.3 billion merger
American tire company Cooper Tires & Rubber Co. seeks to obtain a Supreme Court ruling forcing India's Apollo Tyres to complete the merger. The USD2.3 billion deal would make Apollo the seventh-biggest tire maker in the world.
Latest News
A USD 1.6 million Small Business Innovation Research Phase II grant was awarded to biopharmaceutical company Signum Dermalogix from the National Institute of Arthritis and Musculoskeletal and Skin Diseases.
A CNBC report said the infrastructure industry, including power plants, ports and pipes, has given private equity companies and hedge fund firms opportunities for investment.
A peHUB report said private equity firms may pass up on the acquisition of Forbes Media which has put itself up for sale for at least USD 400 million.
The Social+Capital Partnership and Resolute.vc led the USD 2.7 million investment round for software recruitment solutions provider Greenhouse. Other investors like Bill Lohse of Pinterest and Seth Goldstein of DJZ and Turntable.fm also supported Greenhouse.
Activist investor Bill Ackman's Pershing Square hedge fund announced its intention to acquire almost 10% stakes each in troubled mortgage finance companies Fannie Mae and Freddie Mac.
Canadian large-scale gold mining companies Barrick Gold and Goldcorp have separately hired banks to explore the sale of their jointly owned Marigold mine in Nevada.
Jim Moloshok, Larry Braitman and Adam Nash provided seed funding to MovieLala, a social network and movie marketing platform that connects moviegoers, studios and stars.
UK-based company Rexam received offers to buy its healthcare packaging unit from Silgan Holding Inc, Berry Plastics Group, and Gerresheimer for less than USD1 billion.
Fusion Group has sold UK-based gas meters supplier Meter Provida Ltd to Total Capital Partners. The transaction was facilitated by Avondale but no financial terms were disclosed.
