Articles by Edward B. Doong


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Nomura is now in search for new candidates to fill in vacant slots after several executives left the company as a result of cost control.
ING Groep is looking forward to set sale of its stake in the Brazilian insurance company as it faces pressure to shed assets in exchange for the state bailout it received during 2008 financial recession.
A Larragoiti representative, Patrick Larragoiti reports that SulAmerica has no plan of listing its stock in the Novo Mercado Chapter.
Russia's richest man, Alisher Usmanov, is selling a stake worth 7.4% in the Internet group Mail.Ru.
French water utility Veolia is now considering to buy out some minority investors but will not make acquisitions policy.
Y&R, the wholly-operating company owned by WPP PLC, has acquired a majority stake of Turkish C-Section.
Mediwatch and Genesis Medical have agree to dissolve their joint venture after they did not agree on several commercial aspects during their negotiations.
Allianz has been in the focus of its own growth in the German market. The business unit of Allianz in Germany has been considering merger opportunities in the Germany market as it focuses on increasing its business presence, according to Markus Riess, unit head.
Sorin Group and Enopace Biomedical have reached agreement in which the former is provided with the power to acquire the latter in the future.
Bayer AG is predicting that its Xarelto, a drug to prevent stroke, will reach peak annual sales. Bayer AG said it expects Xarelto, its new promising drug for treating and preventing stroke, to reach peak annual sales at the end of the decade, company's chief executive Marijin Dekker said in a statement.
TNK-BP has posted 13% decline in net profit for the year 2012 after it agreed to be acquired by Russia's oil producer Rosneft.
Freeport reached an agreement to acquire Plains Exploration & Production Co. and McMoran Exploration Co. with proceeds to fund its move to enter oil and gas production market.
Bankia announced it expects to recover the money it requested to the government for bailout as it sees signs of recovery.
There is still no timetable agreed when to dispose the 82% stake of the government in Royal Bank of Scotland.
RBS has reported good earnings that it hopes to influence the government to sell its 82 percent stake in the company.
Vivendi is said to put the sale of its Brazilian broadband internet company GVT on hold as it faces lower bids than the asking price.
The bankruptcy plan filed by Dewey & LeBoeuf was approved by judge Martin Glenn. U. S. Bankruptcy judge Martin Glenn has approved the liquidation plan of Dewey & LeBoeuf, which once had over 1,000 lawyers in 206 offices around the world.
Mylan Inc. agreed with Strides Arcolab for the acquisition of Bangalore, India-based injectables unit.
Monte dei Paschi is seeking to be bailed out after failing to meet European requirements. Italy's Treasury is waiting for a deadline on March 1 to grant a state bailout worth $3.
Cleawire has not accepted yet the bid from Sprint to acquire the company as it considers bid from Dish Network
The European antitrust regulators have reject the offer of Ryanair to acquire Aer Lingus. The European antitrust regulators have vetoed the third attempt of Ryanair to take over Aer ingus, saying that the Irish low-cost airline had not shown sufficient concessions to relieve issues on its monopoly on 46 routes.
Bankia, the nationalized lender in Spain, is determining how much would its shareholders loss when it receives aid from the European Commission to assist troubled banks.
Vodafone is said to have planned taking over Germany's Kabel after the takeover bid went public.
Telecom Italia Media is expected to sell its La7 TV channel but is still in talks to sign the deal. Telecom Italia Media said that it has plans of selling its La7 TV channel to the publishing house in Cairo, Egypt and is still in negotiation of signing the deal, according to two people familiar with the issue.
EADS said it has no longer interest in completing its merger deal with BAE. EADS has said that it has no interest in reviving its deal to merger with BAE system, implying confidence and satisfaction of defense share within its over activities dominated by commercial jet unit Airbus, according to sources close to the matter.
Standard Chartered has been planning to buy the wealth management unit of Morgan Stanley in India. Standard Chartered Plc has been in negotiation to purchase the Indian private wealth management of Morgan Stanley, according to two sources close to the matter.
Office Depot shareholder Starboard has been calling for the sale of Mexican joint venture. Starboard Value LP has urged the shareholder board of Office Depot to explore the sale of its Mexican joint venture interest.
Keith Rabois, who had served Square as chief operation officer since 2010, will join Khosla Ventures in March.
The government of Japan is making plans for the sale of Japan Tabacco's 17% stake. Japan's government has been in preparation to make sale of almost 17% of long-held state asset Japan Tobacco, expected to fetch up to about %10 billion, according to sources.
Potash Corp. has been looking to boost its stake at the world's sixth largest producer of potash.
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