Wal-Mart celebrates its annual meeting and announces a share repurchase program. (Photo : Reuters)The image is the frontage of a Walmart store. Wal-Mart Stores Inc has announced plans to undertake a US$15 billion share repurchase plan during its annual workers meeting last Friday.
Sectors
Strict IPO Rules Released After Xiao Tackles Fraud
China's Securities Regulatory Commission became stricter as its new Chairman, Xiao Gang aims to tackle fraud crack down to protect investors.
Ontario Teachers To Vote for Sprint-SoftBank Deal
The Ontario Teachers Pension Plan will vote for the Sprint-SoftBank deal as it is the fifteenth biggest shareholder in Sprint Nextel Corp.
Royalty Pharma Increases Bid For Elan to US$8 Billion
Royalty Pharma raised its hostile bid for Irish drug firm, Elan from US$12.50 to US$13. (Photo : Reuters)The image is the corporate logo of Royalty Pharma, the healthcare focused equity fund.
SoftBank Looks Into “Plan B” with Deutsche Telekom
SoftBank is in talks with Deutsche Telekom in possibly acquiring T-Mobile USA after Dish Network Corp. made counter offer for Sprint Nextel.
Latest News
Football star Didier Drogba invests in a mine in his home country of Ivory Coast as his latest move after his humanitarian work.
China's regulatory watchdog has unveiled new IPO rules. Last Friday, the Chinese government had published new draft rules designed to improve the transparency and pricing structure of initial public offers in its domestic stock markets.
Marchionne discounts speculation that Fiat would accumulate more debts when it purchases the Chrysler stake of VEBA.
NRG Yield, a unit of NRG Energy Inc, would be offering its Class A shares through an IPO. A unit of power generator firm NRG Energy Inc. , NRG Yield has filed with US securities regulators an application for an initial public offer of its class A shares.
Credit Suisse is shunning low yield, high number moderately rich segment for high yield, low number ultra rich market segment.
LongRivers Partners to make a new bid for water utilities firm Severn Trent Plc. (Photo : Reuters)The image is the profile of a water faucet. Severn Trent Plc, the United Kingdom's second biggest publicly traded water utility, would receive an improved bid from an infrastructure investor from Canada and the sovereign wealth fund of Kuwait.
Blackstone and Patria Investimientos purchases shares in Gafisa's Alphaville Urbanismo. (Photo : Reuters)The image is the Blackstone Group logo. Patria Investimentos Ltda and its partner, the Blackstone Group have entered into an agreement to purchase 70% shareholdings in Alphaville Urbanismo residential-development business owned by Gafisa SA.
ISS and Glass Lewis at odds as to the removal of the CEO and Chairman for real estate GSW Immobilien AG.
Vodafone, to entice it to sell off its share in the joint venture with Verizon Communications, would require something between US$135 billion and US$140 billion.
