Fitch Ratings reported that the start of catalysts emerging in the market could rush forward an increase in the US banking sector’s M&A activities.
Sectors
Ho to invest in Russian casino resort
Macau's Lawrence Ho to invest in a Russian casino resort Lawrence Ho, the Macau gambling magnate, is set on extending his global reach after two of his companies entered into an agreement to build a new casino resort.
Smithfield CEO feels heat at Senate inquiry
On Wednesday, US Senators questioned the head of Smithfield Foods Inc as they looked for answers over the proposed sale of the company to China’s Shuanghui International.
Security One Federal Credit Union and Texas Trust Credit Union file merger intent
Today, Security One Federal Union and Texas Trust Credit Union announced that it has filed intended merger subjected to regulatory and member approval.
Brazil oil company shareholder takes problems to court
A shareholder of OGX asked a Rio court to freeze transactions of firms related to Eike Batista A shareholder of OGX Petroleo & Gas Participacoes requested a Rio de Janeiro court to freeze asset sales and payments to firms linked with billionaire controller Eike Batista.
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Nextel and Softbank announced the completion of their merger Nextel Corporation and SoftBank Corp. announced the completion of their merger. SoftBank invested approximately US$21.
C. Larry Pope said takeover by the Chinese would not change anything. Smithfield Foods Inc. Chief Executive Officer C. Larry Pope has answered to lawmakers suspicious of the proposed acquisition of Smithfield Foods Inc.
Yum! Brands increased profit numbers despite backlash in China. Parent company of the world famous Pizza Hut and KFC restaurant chains, Yum! Brands Inc.
Naspers announced that they are considering the sale of US$1 billion bonds to fund acquisitions Naspers Ltd. announced that they are considering selling as much as US$1 billion in debt to fund acquisitions.
Last Wednesday, US regulators lifted a long time ban on advertising by hedge funds and other firms. On Wednesday, US regulators lifted an 80 year old ban on advertising by hedge funds, private equity firms and other companies.
Biomass Secure Power Inc entered an exclusive negotiation agreement with the Natchitoches Parish Port Commission
Ceasars rose 13% due to web-based gambling optimism. The largest owner of U. S. casinos, Caesars Entertainment Corp. , increased its value by 13% after implementing its plans to provide stocks worth around US$1.
Last quarter extended the losing streak of PC deliveries, making it the longest recorded . Personal-computer deliveries have slipped for a fifth straight quarter, the lengthiest losing streak documented, as customers continue to prefer touch-screen smartphones and tables for getting online.
Macquarie announced that they were able to finally close the deal with NG Groep NV Australia's Macquarie Group closed the deal with Dutch financial services firm ING Groep NV in South Korea.
