After two tries, ProMOS Tech was able to sell of its twelve inch fabricating facility to GlobalFoundries.
Sectors
Tipco Shares Reach All-Time High Amid Possible Takeover
Shares in Tipco have increased dramatically despite the possible buyout by a group led by Thai billionaire Chareon Sirivadhanabhakdi.
Panasonic prepares expenditures for its expansion
Panasonic of Japan is trying to structurally change in order to address major weaknesses in its business structure.
Perform partners with iconic Sporting News
Perform enters into partnership with ACBJ, current owners of the Sporting News. Perform, the British digital rights firm has entered into a partnership with Sporting News, the US media brand to boost its expansion into the North American Market.
Qatar backed Constellation Hotel acquires Intercon's London Park Lane Hotel
Constellation Hotels has purchased IHG's London Park Lane Hotel for over GBP401.5 million. Constellation Hotels has recently acquired the InterContinental London Park Lane hotel for the amount of GBP 400 million.
Latest News
Mikhail Fridman goes head to head for VTB for Tele2. Russian billionaire tycoon Mikhail Fridman is ready to outbid VTB banks offer to purchase Tele2's Russian subsidiary.
Possible strategic partners for Fisker, namely Dongfeng Motor Group and Zheijang Geely Holdings, have pulled out from discussions.
The British oil company BP is pushing with its investments in the Shetland Islands. BP, the British oil giant is going ahead with an investment project located in the Shetland Islands.
The merger to become the world's largest airline succeeded its first step after being approved by bankruptcy court.
With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.
Fisker Automotive has opted to put workers on furlough in the face of a debt due with the US Department of Energy.
American Realty increases offer to US$6.7 billion for Cole Credit. A week after its inital offer was rejected, real estate investment trust American Realty Capital Properties Inc had increased its bid for Cole Credit Property Trust III.
VTB Group Bank recently purchased the Russian subsidiary of Tele2. Tele2, the Nordic telecommunications company recently announced that it would be selling its Russian subsidiary to VTB Group bank.
Finnair's new Chairman said that Finland should reduce its shareholdings in the national flag carrier, Finnair.
