Dnata purchases shares of Air France-KLM in Servair Airchef. Dnata, the Emirates airline services arm has purchased Air-France KLM's shareholdings in a joint venture catering business in Italy.
Sectors
NY Life Insurer to Exit Taiwan Market
The New York Life Insurance Co is set to divest itself of its Taiwanese business with the sale to be done.
S&P Downgrades Berkshire Hathaway
S&P downgrades Berkshire Hathaway from AA plus to AA. Standard and Poor's, the renowned credit rating agency, has announced that it would be cutting Berkshire Hathaway's rating from 'AA plus' to 'AA'.
China's State Grid Corp Purchases Shares in Aussie Power Co
China's State Grid Corp purchases 19.9% shareholdings in SP AusNet for US$802 million. In an announcement, the State Grid Corp of China is purchasing shareholdings in an Australian electricity network company.
Dell Reported Profit Decline
Dell reported decline in its profits. Dell Inc has reported a 79% decline in its profits as sales for personal computers continued to contract in the face of greater demand for mobile devices.
Latest News
When break even price achieved for Lloyds TSB shares, then Britain would be able to divest its shareholdings in the bank.
Elliott Management withdraws proxy fight with three board seats on the Hess board prior to elections.
BitPay Inc receives another US$2 million in seed money. Bitcoin's payment processor, BitPay Inc. , announced on Thursday that it was able to raise additional US$2 million from its initial capital growth financing round headed by the Founders Fund.
Accel Partners invest funds into Airwatch development. AirWatch, said on Thursday that Accel Partners invested US$25 million in their company. The world- renowned innovator in mobile security and biggest provider of Enterprise Mobility Management (EMM) has over 6,500 clients with an estimated 1,200 associates worldwide.
Erste Group Bank has confirmed the ability to pay off state bailout funds but did not provide a schedule for the same.
Telus Corp buys Mobilicity for the hefty sum of Can$380 million or US$370 million. One of the largest wireless phone companies in Canada, Telus Corp, announced Thursday that it would purchasing Mobilicity for the cost of Can$380 million or US$370 million.
Novartis, through its spokesperson, reiterates its statement that it is not interested in bidding for Actavis.
Gagfah is refinancing maturing loans to free up funds for renovations and/or acquisitions. Gagfah, the real estate group from Germany, said that it could increase its capital funding in order to finance renovations for the 145,000 flats currently in its portfolio.
Elliott Management urges change in policies and management in NetApp. Elliott Management purchased shareholdings in NetApp Inc and true to its activist hedge fund nature, the firm is moving the company to change its board and look for ways to increase shareholder value.
