French oil giant Total will be selling off to Suncor its shareholdings in the Voyageur Upgrader joint venture project.
North America
Glass Lewis Suggests MetroPCS Shareholders to Veto T-Mobile Merger
Glass Lewis follows ISS recommendation that MetroPCS Shareholders should vote against merger with Deutche Telekom AG's U.S. business unit T-Mobile USA.
SAC Capital Manager Indicted Over Insider Trading
Portfolio manager Michael Steinberg at Steven A. Cohen's hedge fund SAC Capital Advisors was arrested on as part of a long-running investigation on insider trading.
ISS Opposes T-Mobile MetroPCS Merger
ISS has advised its shareholders to reject the proposed merger as it is biased against T-Mobile allowing more options for MetroPCS in the long run.
Wind Energy Project bought by First Nations
The Aamjiwnaang and Bkejwanong First Nations buy a fifty percent stake in Grand Bend Wind Farm. A fifty percent stake in a wind energy project in Ontario was sold to Native Indian groups.
Latest News
The IPO market is growing again in North America and Europe. Globally, initial public offerings raised US$20 billion in the first quarter of 2013. The growth of this financial area was buoyed by rallies in different stock markets to sell businesses.
The judge over the settlement agreement between SAC Capital and US SEC is having second thoughts with a few provisions.
With financial packages for as low as US$10 million, Cerberus is offering assistance to firms seeking to purchase low cost foreclosed homes.
Fisker Automotive has hired the law firm Kirkland and Ellis to review its bankruptcy options. The green car manufacturer that has undergone financial losses with losses at the NY/NJ Port area as well as funding issues Fisker Automotive is now mulling seeking bankruptcy protection.
Keith Meister's Corvex Capital and Related Cos has withdrawn their original US$27.00 per share offer and lowered it to US$24.50 per share offer.
Amazon purchases Goodreads for an undisclosed amount. Goodreads is a book recommendation website and is now the subject of acquisition plans by online retail giant Amazon.
Jean Claud Gandur planning to offer Oryx Petroleum for IPO in Toronto. Billionaire investor Jean Claude Gandur, through his company Addax & Oryx Group is now on its way to publicly list its oil exploration unit.
Sprint's offer of US$80 million per month would again be utilized by Clearwire. According to anonymous sources, Clearwire Corp is planning to notify Sprint Nextel Corp that it will be utilizing another US$80 million in financing as part of its deal agreed upon with Sprint.
Blackberry becomes ideal for a potential takeover as it reports good earnings. Blackberry has reported good earnings higher than what analysts expected, making an ideal candidate for a buyout by a larger technology company, said CNBC's Jim Cramer.
