The thrust of central government to improve pollution standards is being bucked by state owned companies and local government executives fearful of loss of jobs and business in their areas.
Investors
VeriFone Is Ripe for External Takeover
VeriFone's current conditions makes it ripe for takeover by private equity firm according to analysts.
MetroPCS Calls on Shareholders to Approve Deal
In a letter, MetroPCS urged shareholders to approve the merger with T-Mobile USA. MetroPCS Communications Inc is calling all its shareholders to vote for the approval of its proposed merger with T-Mobile USA Inc.
Alupar to Offer IPO
Alupar would be raising nearly 1.16 billion reais for its IPO. Alupar Investimento SA is planning to raise 1. 16 billion reais or US$574 million in its initial public offering of shares of stock.
Telmex to Face Class Action Suit Instituted by Government Regulator
Telmex would be facing a class action suit for unwarranted charges filed by the government for an on behalf of its subscribers.
Latest News
Dell would walk away if he is not retained as CEO. Michael Dell, in a statement, would only consider a buyout plan with Blackstone Group if the private equity guarantees that he remains as its CEO.
Blackberry received approval from U.S. District Judge Richard Sullivan for the dismissal of a shareholder lawsuit that was accusing it was seeking fraudulent obscurity of its falling market position.
Redknee has closed its deal to purchase the Business Support Systems business unit of Nokia Siemens Network.
Areva chief executive officer Luc Oursel told French newspaper Le Figaro that they have interest in acquiring nuclear fuel producer Urenco.
Sources say that KKR has been making a deal to buy a majority stake in French fashion brands Claudie Pierlot, Maje and Sandro
Names such as the Carlyle Group, KKR and the Moulin family are bidding for the controlling stake in Maje, Sancro and Claudi Pierlot.
The Appellate Court of New York heard the arguments on the proposal of Argentina to provide a mixture of cash and bonds to pay off bondholders.
In a harsh condition, nearly 60% of the value of deposits above Eur100,000 would be lost in the bailout package.
Michael Steinberg is the highest ranking SAC executive to be arrested for insider trading. Michael Steinberg, portfolio manager at SAC was charged with insider trading by US prosecutors.
