Energy firm American Energy Capital Partners will go public to raise $2 billion in funds that will enable it to acquire and drill oil and gas assets in the United States. AECP is managed by a firm created by ex-Chesapeake Energy Corp. chief executive officer Aubrey McClendon.
Sectors
Bitcoin speculators may opt for cost-effective Litecoin instead
Jason O'Grady offers Bitcoin speculators a more cost-effective investment in Litecoin, a crypto-currency which is second to Bitcoin in terms of market capitalization.
Honeywell's board authorizes $5 billion share buyback program
Honeywell International Inc.'s board of directors has approved the buyback of as much as $5 billion in stock. The American conglomerate has 784.7 million shares outstanding and a market value of $67.7 billion.
Louisiana Sheriffs' Pension and Relief Fund sues IBM over NSA cooperation
The Louisiana Sheriffs' Pension and Relief Fund sued IBM for its cooperation with the National Security Agency over a spying program that allegedly hurt investors, Bloomberg reported.
Coca-Cola splits its US businesses, analysts at odds with decision
Coca-Cola Co's decision to split its bottling division and franchising unit had elicited mixed reactions from analysts and the financial markets. Coca-Cola Co reasoned that it intends to go back to its traditional franchising model after the separation has been completed.
Latest News
A Wall Street Journal report about a possible bid from rival Sprint Corp spurred the rise of T-Mobile shares, the largest increase since October 2012, Bloomberg reported.
Judge Katherine Forrest dismissed the lawsuit filed by investors led by two pension funds against UBS, which accused the bank of fraud regarding the latter's risk management practices, Bloomberg said.
Bidders William Morris Endeavor, ICM Partners and a consortium led by former News Corporation executive Peter Chernin are expected to submit their takeover offers for IMG Worldwide on Friday. New York Times said that William Morris will likely emerge as top bidder for the sports agency.
Dallas-based restaurant and arcade operator Dave & Buster's is looking to exit from the company through a sale or an initial public offering. Dave & Buster's is controlled by private equity firm Oak Hill Capital Partners.
According to the South China Morning Post, the growing popularity of the Bitcoin has also led to a boom of sorts in bitcoin software for smartphones, the South China Morning Post reported.
A Nielsen study showed that Asian American households spend more than US households by an estimated 19%. They were also the top online shoppers. the South China Morning Post reported.
United Spirits could raise as much as £675 million ($1.1 billion) in the sale of Whyte & Mackay Scotch if it will include single malt Dalmore. Sources estimate that Whyte & Mackay's exit, excluding Dalmore, is worth £450 million.
A report said merger and acquisition transactions fell in the Asia-Pacific region caused by a slowing in the energy and raw materials sectors.
Pharmaceutical company Ikaria Inc. is seeking an exit reportedly worth $2 billion. Private equity firms American Securities LLC, GTCR LLC and Madison Dearborn Partners LLC have tendered their bids to acquire the American specialty drug manufacturer.
