Reliance Communications' discussions with Batelco has broken down. India's third largest cellular carrier in terms of customer base, Reliance Communications Ltd had announced that it has withdrawn from discussions with Bahrain Telecommunications for the sale of a stake in its enterprise subsidiary.
Sectors
AMD Primed for Market Growth
AMD has reported a higher revenue compared to the previous year, flush with cash and a top notch development team.
SABIC Cuts Back in European Operations
SABIC makes job cuts and closes plants in Europe. Saudi Basic Industries Corp, currently the world's largest petrochemicals group is now reviewing its global expansion outlook.
BP Reviewing Mad Dog 2 Project
BP is now undertaking a specific review of Mad Dog 2 as to the economies of scale and profits. British Petroleum is currently taking a new look at its oil project in the Gulf of Mexico.
IBM shares affects Berkshire Hathaway portfolio value
On paper, the loss of US$1.168 billion resulted from the share price decline of the blue chip stock IBM.
Latest News
Microchip maker Intel acquires API developer Mashery. Intel Corp, the world's largest manufacturer of semiconductor products has announced the acquisition of Mashery Inc, the start up based out of Francisco.
Homex bonds and share values jumped to record levels as it sold off two assets to Carlos Slim controlled corporations.
Alexander Machkevitch and other ENRC co-founders to partner with Kazakh government to make a bid for ENRC.
Deutsche Bank loan creates REMIC to become a bond for market purposes. Deutsche Bank's loan facility to Five Ten Capital, an asset manager based in California, will be facilitating the creation of a REO-to-rental bond.
Sprint, while reviewing the Dish offer, sought continuance for the FCC review of the SoftBank offer.
SeaWorld CEO hints at overseas expansion in light of successful IPO. From the humble beginnings of being a parking attendant at Busch Gardens, James D.
The recent issues with FreePort McMoRan's acquisitions leave its future much in doubt. Last December 5, 2012 Freeport McMoRan Copper & Gold announced that it had acquired Plains Exploration & Production and McMoRan Exploration for US$10.
Hermes purchases stake in Joseph Erard in a bid to shore up supplies for their upscale watch brands.
Peltz's Train Fund exploring possibilities in the snack food business. Nelson Peltz's Trian Fund Management bought US$3. 7 billion shares from Mondelez International and PepsiCo, according to sources that have knowledge of the investment.
