Siemens to close Solel, its solar energy unit after failing to sell off the business. (Photo : Reuters)The image is the corporate logo of Siemens. Siemens, the German industrial conglomerate, has announced the shutdown the last unit of its solar energy business after it had failed to find a purchaser for the business.
Sectors
Kabel Confirms Initial Offer from Liberty Global
Kabel Deutschland confirms receiving initial offer from Liberty Global priced at Eur7.5 billion according to a British newspaper.
JCI to Sell Auto Electronics Arm through Private Equity
Johnson Controls Inc. is discussing with private equity firms about selling its automotive electronics arm priced at US$1 billion.
Sprint Nextel Sues Dish, Clearwire to Block Proposed Offer
Sprint Nextel sued Dish on Monday after stating that its rival company violated the Delaware law. (Photo : REUTERS/Keith Bedford)People talk on their cell phones as passers-by walk past a Sprint store in New York.
Sources: Talisman Considers Sale of Eagle Ford Assets
According to sources, Talisman is looking into selling its shale assets in Eagle Ford to raise US$2 billion.
Latest News
In a bid to uplift consumer confidence, Beijing's Central Huijin Investment Co had invested in banks in the form of share purchases.
Tunisia received loan facility from IMF to boost capitalization of local banks. (Photo : Reuters)The image is the corporate logo of the International Monetary Fund.
A letter from the Economic Ministry requests removal for the voting rights ceiling currently in force at Banca Monte dei Paschi di Siena SA.
Etihad Airways has forged an agreement with JAT Airways of Serbia. (Photo : Reuters)The image is the corporate logo of Etihad Airways. Etihad Airways of the United Arab Emirates has entered into an preliminary agreement with the government of Serbia as to a possible equity investment by the Gulf region airway in the country's JAT Airways.
Grupo BTG purchases Petrobras oil interests in Africa. (Photo : Reuters)The image is the facade of the corporate headquarters of Brazilian oil conglomerate Petrobras.
New CEO for TeliaSonera causes increase in share values. (Photo : Reuters)The image is the CFO of TeliaSonera. The share values of TeliaSonera AB rose to its highest in a month after it appointed Johan Dennelind as its new CEO.
Formerly i2A Fund II, Chicago Ventures recently announced its close on a $40 million Series A fundraiser.
Piper Jaffray finalized its deal to buy M&A firm Edgeview Partners. Asset management bank and investment firm Piper Jaffray Companies announced on Monday that it has finalized the deal to acquire Edgeview Partners, LP.
Li Ka Shing's firms buys out European owner for Dutch waste management firm. Cheung Kong Holdings Ltd, owned by billionaire Li Ka Shing, and their partners have forged an agreement to purchase Afvalverwerking BV for Eur943.
