The US auto manufacturer has implied that it is actually boosting South Korean presence by making $7.3 billion investment for global growth.
Sectors
ING Australia to Sell Mortgage Backed Bonds
ING Bank Australia to sell record high mortgage backed bonds. ING's Australia unit, ING Groep NV is projecting to sell up to Aus$2 billion or US$2.
Utica Joint Venture Partners Complete Agreements
New agreements forged to complete Utica Joint Venture. The Utica Joint Venture, comprising of MarkWest Energy Partners LP and the Energy and Minerals Group announced the formalization of an Amended and Restarted Limited Liability Company Agreement for MarkWest Utica EMG LLC.
True North Apartment REIT Develops Portfolio
REIT purchases sprawling Ontario property for expansion. True North Apartment Real Estate Investment Trust has announced that it would acquire four properties in the Ontario area for a total purchase price of US$25.
Berry Petro Co Acquired for US$4.3 Billion
Petroleum company purchased for US$4.3 billion. A merger agreement was settled between Berry Petroleum Company, LINN Energy LLC and LinnCo LLC. LINN Energy and LinnCo would purchase all of Berry's current outstanding shares totaling US$4.
Latest News
GM expands interests in South Korea. An additional US$7. 3 billion is being eyed by General Motors Co. to be invested into its South Korean subsidiary spread over five years.
Linn Energy, a U.s. oil and gas producer, will buy Berry Petroleum Co. for $2.5 billion to boost oil reserves
Natural Gas Holding Co. in Egypt is now in the process of awarding license for the importation of liquefied natural gas within two weeks
Mentor Graphics Corp. has said it purchase assets at MontaVista LLC, marking its commitment to expand its automotive business unit.
Dell stock buyout plan seen as unfair. The Dell privatization plan is facing stiff criticism from hedge fund manager David Einhorn. Einhorn, who is in the midst of battle with Apple over that technology innovator's US$137 billion cash fund, is using the buyout of Dell shares as a cash policy that is unfriendly to its shareholders.
Former Commerce One CEO Mark Hoffman has been appointed as Global CEO at Oxygen Finance Oxygen Finance has named Mark Hoffman as Global chief executive officer to lead its revolutionary business-to-business (B2B) payments network worldwide.
Russia said that the government is still not receiving any requests to buy Qatar-controlled VTB. Russia has said that it did not receive any requests from sovereign wealth fund from Qatar to purchase shares in state-controlled bank VTB, accounting to Russian First Deputy Prime Minister Igor Shuvalov.
Tata Sons limits liability in airline joint venture. It what it called a as a mere 'financial investment', Tata Sons announced it was placing a ceiling on its joint venture into the airline business at Rs 49 crore.
KKR values Gardner Denver at US$3.7 billion. KKR and Co LP, the private equity firm has submitted a bid offer of US$75 per share for industrial machine maker Gardner Denver Inc.
