E*Trade will close books with Citadel on or before March 19. E*Trade Financial Corp's largest investor, Citadel LLC is in the process of selling off its interests in the firm.
North America
NFP Explores Partnerships
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.
Frontrunner for Hostess Brand Known
Dean Metropoulus front runner to purchase the iconic Hostess brand. Dean Metropoulus is a giant in the food industry business but not a household name yet, though this may change upon his purchase of iconic snack cake brand Hostess.
Kroenke Sports Acquires Outdoor Channel
Kroenke Sports acquires Outdoor Channel despite previous merger plans with Intermedia. After a heated discussion, Kroenke Sports and Entertainment LLC has acquired Outdoor Channel Holdings Inc.
RBS to Divest Direct Line Stake Further
RBS to sell off shares in business interests. The Royal Bank of Scotland has put into motion its plan to further reduce its exposure in Direct Line. The move is to take advantage in the 20% rise in the insurer's share price since its flotation last year.
Latest News
Paypal buys Duff Research for an undisclosed amount. PayPal announced last Wednesday that they purchased Duff Research, a mobile applications developer.
Rumors of the sale of UBS wealth management subsidiary quashed by CEO remarks. This was the statement from Chief Executive Officer Sergio Ermotti when asked if UBS was planning to sell its wealth management arm.
Common share of stock sale by Silver Springs Network. Silver Spring Networks is offering common shares of stock totaling 3. 705 million shares with a total expected value of US$76 million.
WhaleShark Media to be known as RetailMeNot.com. WhaleShark Media, the most widely known online coupon site in the United States, has announced that it has changed its name to RetailMeNot.
HP purchase of Autonomy now under investigation by the US and UK regulators. Technology giant Hewlett Packard has told BBC that the Serious Fraud Office of the UK is currently investigating the activities of Autonomy.
Equity firms vie for 20% stake in Thai Life. KKR and Carlyle are among the bidders that have made offers to purchase a minority stake in Thai Life Insurance Co Ltd.
Two separate suits granted class action status against the US government by AIG shareholders. Two separate groups of shareholders have been granted class action status from a US Federal Court judge.
The new owner of Hostess Brands Inc's snack cakes hopes to have Twinkies back on U.S. store shelves by this summer, according to a member of the purchasing group.
STMicroelectronics and Ericsson have failed to find a buyer for their loss making wireless electronic chip joint venture and will now consider whether to close the business down, news service Bloomberg said on its website.
