Share values fall on rumors of sales of pledged stocks. Share values fell for small and midsized companies on rumors that pledged shares of specific companies were being offered for sale.
Sectors
Whitworth Purchases Stake at SPX
Whitworth's Relational Investors expands industrial stake portfolio. Relational Investors LLC, the flagship firm of Ralph Whitworth, recently disclosed its stake at SPX Corp.
HP's WebOs Operating System to be Acquired by LG Electronics
LG Electronics will be using webOs operating system from Hewlett-Packard for its internet-connected TVs.
CEDC Falling Share Price Due to Concerns on Debt Payment
CEDC on the brink of bankruptcy amidst debt payment concerns. The Central European Distribution Corp, the Polish vodka maker, has seen its share price value fall by as much as 58% in the NYSE because of concerns as to its ability to repay debts that would fall due next month.
Sinopec Pays US$1.02 Billion for Chesapeake Stake
Sinopec purchases 850,000 acres for US$1.02 billion. Half of Chesapeake Energy Corp's assets has just been purchased by China Petroleum and Chemical Corp or Sinopec.
Latest News
Global alternative asset manager The Carlyle Group, today announced that Jacques Chappuis will join the firm as Managing Director and Head of the Solutions business segment
The Malaysian company reported net profit of 1.08 ringgit for the quarter ending on December 31. (Photo : Reuters) Asian lender CIMB Group Holdings Bhd reported that its net profit for fourth-quarter declined by 4.
Barclays to issue convertible bonds for more capital. Barclays, in a move to address possible concerns, is formulating a plan to seek shareholder approval to sell bonds that are convertible to shares should the bank hit troubled waters.
Apache partners, a UK-based investment advisory firm, will be setting up a fund with main focus equities and fixed income in key markets.
Greenbriar has been negotiation to buy solar product properties as it focuses on expanding real estate business.
The auto maker is not expecting China Investment Corp. to buy 10% in the company (Photo : Reuters) Bodo Uebber, chief financial officer of Germany's car manufacturer Daimler, said that they are not expecting sovereign wealth fund China Investment Corp.
Richter has said that it has formed a new joint venture with its marketing partner to improve direct presence in the Chinese pharmaceutical market.
Royalty Pharma has been making big approaches to acquire the royalty rights for Tysabri from the Irish drug maker.
The following are mergers under review by the European Commission on Monday. The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS - Private equity firm Triton to acquire Finnish grocery chain Suomen Lahikauppa from IK Investment Partners (approved Feb.
