Both antitrust regulators on both sides of the pond approved the sale of 49% of Virgin Atlantic to Delta Airlines.
Sectors
Al Noor to conduct IPO
Al Noor to conduct IPO to raise funds for growth and expansion. (Photo : Reuters)The developing areas of Abu Dhabi are featured in this image. Al Noor Hospitals, the Abu Dhabi based healthcare company, has priced its initial public offer in London at GBP5.
Private Equity Firms Tapped for Investments in Shriram Ventures
Shriram Ventures are in discussion with private equity firms such as Blackstone Group and Temasek Holdings.
Wal-Mart Opening Retirement Fund for Bidding to Managers
Wal-Mart, with nearly 1.2 million strong retirement fund members, is accepting bids to manage its US$15.6 billion 401k program.
Sprint Nextel Raises Bid for Clearwire
Sprint Nextel, to ease out Dish Network from the picture, upped the ante and offered US$5 per shsre.
Latest News
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
Arison's companies divest their shares in the largest bank in Israel,Bank Hapoalim. (Photo : Reuters)The image is the frontage of Bank Hapoalim. The controlling shareholder in Bank Hapoalim has sold 250 million shekels or US$69 million worth of shares in the largest lending institution in Israel.
Platina Partners sold off its British wind farm assets to close its fund. (Photo : Reuters)The image is a UK wind farm in operation at an English countryside.
Foreign investors purchased a large volume of domestic South Korean bonds equalling net stock sales to foreign buyers overall.
Patrick Wolff is betting that China's markets would crash. (Photo : Reuters)The image is a Chinese bourse board in the red. Patrick Wolff, the chess master who became a hedge fund manager is predicting a stock market crash to happen in China.
Al Baraka Bank of Bahrain to issue US$200 million sukuk bond. (Photo : Reuters)The image is the corporate logo of Al Baraka Bank. The Turkish unit of Al Baraka Bank is working on a US$200 million sukuk.
Citigroup named Zdenek Turek as new head of its Western Europe operations. (Photo : REUTERS)Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.
Combat Gent announced today that it has received $1.84 million in seed funding. (Photo : Reuters)This is the logo of Combat Gent. Online men's merchandise retailer Combat Gent received $1.
PricewaterhouseCooper, the administrators over the Lehman Brothers Europe post 2008, has announced the payout of a partial sum for unsecured creditors.
