Morgan Stanley passes Fed test for JV purchase. Morgan Stanley is now nearing the completion of its acquisition of the rest of its wealth management joint venture after completing its testing with the US Federal Reserve.
Investors
Member of Ackman's Fund Seek More Information
Ackman's investors seeking clarifications on investments in JC Penney and Herbalife. Two of the institutional investors comprising William Ackman's US$12 billion hedge fund are planning to ask more information on the investment made in beleaguered retailer JC Penney.
UniCredit to announce sale of ATF Bank
Italian bank UniCredit to sell off Kazakh bank ATF. Italy's largest bank by assets, UniCredit is on the verge of announcing the sale of ATF Bank. ATF Bank is its Kazakhstan unit and the sale was confirmed by three sources who spoke on condition of anonymity.
Ameren Sells Business to Dynegy
Ameren to sell merchant generation business to Dynegy. Ameren Corp, the American power company, will be selling off its merchant generation business to Dyegen Inc.
AT&T addrsseses rumors on sale of non-core assets
AT&T puts to rest speculations on the sale of its non-core assets. AT&T announced last Thursday that it would be selling off its non-core assets in order to gain additional financial flexibility.
Latest News
Malaysia's Khazanah bids for GE shareholdings in Ayudhya Bank of Thailand. Malaysia's state sovereign fund Khazanah Nasional Bhd had offered to purchase General Electric's stake in Bank of Ayudhya.
Cipla Medpro shareholder criticizes low ball offer by Cipla for buyout. One of the top stockholders in Cipla Medpro has said it would require Cipla Ltd to increase its US$500 million offer to purchase the third largest generics drug firm in South Africa.
AEG now off the market according to owner Phil Anschutz. Phil Anschutz, billionaire owner of AEG, has pulled out his sports, music and arena company from the market.
Apollo divesting shares in India's direct to tv market with sale of Dish TV India shares. Apollo Global Management LLC is on the verge of selling its 11% stake in Dish TV India Ltd.
IBM and EMC are partnering to discuss takeover of SoftLayer. EMC Corp and IBM are quietly discussing with web hosting company SoftLayer Technologies Inc to purchase the privately held database web hosting company.
Buxton moves to Old Mutual from Schroders. The eminent head of UK equities at Schroders, Richard Buxton is one of the most renowned fund managers in Britain.
Five Oaks to sell IPO stock worth US$85.5 million. The Five Oaks Investment Corp is an investor in mortgage backed securities. It is projecting that at its IPO, each of the 5.
Fisker Automotive founder resigns from company bearing his name. Henrik Fisker, the founder and executive chairman of Fisker Automotive, has quit his company.
National Financial Partners seeking new private equity funding. The wealth management company headed by Jessica Bibliowicz is exploring a potential sale according to three individuals who spoke on condition of anonymity.
