Ping An, the Chinese insurer, dropped out of the running to buy Royal Bank of Scotland’s insurance business yesterday, leaving five potential buyers for the parent of Direct Line, Churchill and Privilege.
Ping An joined Warren Buffett’s Berkshire Hathaway and Generali of Italy in turning down the chance to buy the business, which RBS values at [...]
OCTOGENARIAN book publisher Esther A. Vibal relies a lot on her keen memory for just about everything –Business Travel for describing the circuitous route that her company Vibal Publishing House (VPHI) has taken to become the country’s biggest textbook publisher; for retelling how she made the transition from being a newspaperwoman to being a businesswoman; [...]
General Electric Co. is shopping Canadian assets of GE Money, which includes its near-prime alternative mortgage lending business, as it restructures its global retail, banking and consumer financing business, according to sources.
London-based GE Money, which has more than $200-billion (U.S.) in assets and operations in more than 50 countries, announced two major deals yesterday.
Mississauga-based GE [...]
GE-Hitachi Nuclear Energy signalled last week it intends to bid on the construction of a new nuclear power plant in Ontario, a move that has left many industry experts questioning its role in a rival consortium led by Atomic Energy of Canada Ltd. [...]
SINGAPORE (Reuters) - Singapore state investor Temasek is
close to a decision to sell its stake in Indonesia’s
sixth-biggest lender Bank Internasional Indonesia Tbk (BNII.JK)
in a deal estimated to be worth more than $700 million, the
Wall Street Journal reported on Monday. Citing unidentified people familiar with the situation, the
newspaper said Temasek [...]
By Andrea Shalal-Esa WASHINGTON (Reuters) - The government is due to pick the
winner this week in a huge warplane competition that pits No. 2
U.S. defense contractor Boeing Co (BA.N) against a team made of
No. 3 Northrop Grumman Corp (NOC.N) and its European partner,
Airbus parent EADS (EAD.PA). Closely watched on both [...]
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With Yahoo issuing a resounding “no” to its current buyout bid, Microsoft has one of two levers it can pull, said some analysts, investors, and proxy solicitors.
The software giant can up [...]
A correction was made to this story. Read below for details.
With Yahoo issuing a resounding “no” to its current buyout bid, Microsoft has one of two levers it can pull, said some analysts, investors, and proxy solicitors.
The software giant can up the ante on its initial buyout bid of $44.6 billion and hope Yahoo will [...]
LONDON (Reuters) - Two suitors competing to rescue British
bank Northern Rock (NRK.L) have been told to improve their
offers to beat the alternative of nationalization, sources
familiar with the matter said. The Virgin consortium, though, has been picked as a
front-runner, ahead of a rival “in-house” proposal led by the
mortgage bank’s current [...]
By Muralikumar Anantharaman and Daisuke Wakabayashi BOSTON/SEATTLE (Reuters) - Yahoo Inc’s (YHOO.O)
second-biggest investor urged Microsoft Corp (MSFT.O) to raise
its $42 billion bid for the Web pioneer and warned Yahoo it has
few options left, raising the pressure on them to seal a deal. In a quarterly letter to investors released on Tuesday, [...]
