Telefonica revives talks with KPN to acquire E-Plus mobile business. Spanish telecommunications company Telefonica SA (TEF) has restarted negotiations with Royal KPN NV to acquire German mobile-phone business.
Sectors
India's Everstone Capital buys minority stake in HLF
Everstone Capital agreed to acquire a significant minority stake in Hinduja Leyland Finance. Everstone Capital revealed that it had agreed to invest around INR200 crore in Hinduja Leyland Finance.
Mongolia's State Bank to take over 503 Savings Bank branches
State Bank is set to take over the fifth-largest lender in Mongolia. Savings Bank, Mongolia's former fifth-largest lending entity, will be taken over by its state-owned competitor, State Bank after being declared insolvent.
Royal baby's arrival to boost US$360 million on British economy
Prince William and Duchess Kate's first baby boy was born today at 4:24pm local time in the private wing of London's St. Mary's Hospital.
Baxter Gains Conditional Approval to Purchase Gambro
Baxter International wins approval of EU after divesting of CCRT. Dialysis products specialist Baxter International Inc. (BAX) earned conditional approval to purchase Sweden-based competitor Gambro AB from the European Union.
Latest News
Indian government calls out to millions of non-residents for revival of rupee. India is planning on reviving the rupee by reaching out to millions of its non-resident citizens to assist in reversing the currency decline.
Spanish telecomms company Telefonica has offered cash and shares of German unit for KPN's E-Plus.
Currency risk is based on currency fluctuations of one currency as against another. In a nutshell, currency risk is a kind of risk that stems from the changes in the valuation of currency exchanges.
CFTC releases a decision penalizing Panther Energy LLC for its illegal activities done through spoofing.
Activist hedge fund Third Point LLC decided to sell back 40 million worth of shares to Yahoo Inc. On Monday, Third Point LLC, an activist hedge fund, agreed to sell 40 million worth of shares in Yahoo back to the internet company.
Pharmaceutical giants Pfizer, AstraZeneca and Novartis are among those to propose bids for Onyx Pharmaceuticals.
Yahoo has purchased 40 million shares owned by Third Point at US$29.11 per share. Third Point LLC, the firm headed by Dan Loeb, was at the forefront in the change of Yahoo's board a couple of years back.
Hasbro Games remakes classic games and gains 19 percent increase in sales. World-famous toymaker Hasbro Inc. (HAS) is showing promising results in the sales of its games through iPad.
Beacon Equity Partners relinquishes its ownership over IP software Anaqua Inc in favor of Insight Venture Partners.
