Schaeffler AG said in a statement that the sale of its combined 4% stake in Continental AG with holding company Schaeffler Verwaltungs GmbH would be used to repay borrowings made to takeover Continental.
Sectors
Maurel & Prom's CEO says company is considering a London listing
In an interview with Reuters, Maurel & Prom CEO Jean-Francois Henin said his company was mulling a secondary listing in London.
Sharp issues 450 million new shares in fundraising- sources
Sharp planned to issue 450 million new shares in a USD 1.7 billion fundraising plan. Sources told Reuters that Sharp Corp would be issuing 450 million new shares to raise funds.
Grand Theft Auto 5 gets early release in the UK
Fans of Grand Theft Auto 5 received early copies of Grand Theft Auto 5. Early copies of the highly-successful game Grand Theft Auto 5 (GTA 5) was released in the UK.
UK goverment may earn GBP60 million from first Lloyds exit
The British goverment said in a statement today that through UK Financial Investments Ltd, it has sold its 6% of its issuing stock in Lloyds Banking Group Plc for GBP3.2 billion.
Latest News
In a bid to increase its contribution to ZTE's overall revenues, the cloud computing and IT productions operations of the firm had laid out plans to expand cloud computing in China.
The world has yet to hear an announcement from Apple Inc about the pre-order numbers of iPhone 5C. The tech industry has not heard from Apple Inc about its first-day preorder figures for its new iPhone 5C.
Samsung Electronics Co Ltd's first open-source technology Tizen would be released first on a smart TV early next year.
A video game review by The Guardian said Rockstar North's Grand Theft Auto (GTA) 5 was parody mocking consumerism.
Soros and Golmand Sachs-backed Essent Group Ltd. filed for an initial public offering yesterday valued USD287.5 million.
Yesterday, Post Holdings Inc. said that it had agreed to acquire Dakota Growers Pasta Co in a deal priced at USD370 million.
Britain announced that it would sell its stake in Lloyds Banking Group priced at least GBP0.50 a share.
Hudson's Bay Co. announced naming Marigay McKee to be the president of the US luxury retailer Saks Inc. after the acquisition deal was completed.
Javier Martin-Artajo and Julien Grout along with other unnamed co-conspirators were indicted of five criminal counts for allegedly hiding trading losses valued USD6.2 billion.
