Christoph Rubeli, Co-CEO of Partners Group, says the healthcare, education and e-commerce sectors in India offer long-term opportunities.» Read More
Sept 17- Activist investor Nelson Peltz's Trian Fund Management has called for a break up of DuPont, arguing that the diversified chemicals company's overly complex and bloated corporate structure overburdens its seven business lines, the Wall Street Journal reported.
Federal Reserve has asked Credit Suisse Group AG to immediately address problems relating to the bank's underwriting and sale of leveraged loans, or high-interest-rate loans used by private-equity firms to finance deals, the Wall Street Journal reported, citing a source familiar with the matter.
*China, Singapore sentiment slips to neutral from positive. MUMBAI, Sept 17- Business sentiment among Asia's top companies fell sharply in the third quarter, weighed down by worries about China's slowing economy, a possible end to the U.S.
Sept 16- Endo International Plc made an unsolicited offer to buy Auxilium Pharmaceuticals Inc for about $2.2 billion, which analysts said could complicate Auxilium's buyout of Canadian eye drug maker QLT Inc.
Sept 16- United States Steel Corp said its Canadian arm would apply for relief from creditors under Canada's Companies' Creditors Arrangement Act and said it would drop plans to expand two of its facilities. Steel Canada, formerly known as Stelco, accounts for about $1 billion of U.S.
Sept 16- For-profit education companies Education Management Corp and Corinthian Colleges Inc said they would not be able to file their annual reports on time.
Sept 16- Specialty healthcare company Endo International Plc offered to buy Auxilium Pharmaceuticals Inc for about $2.2 billion in cash and stock to expand its men's healthcare products business.
Sept 16- Photoshop maker Adobe Systems Inc's forecast disappointing revenue for this quarter and reported lower quarterly sales at its digital media business, which includes the Creative Cloud software suite. The company said it expected adjusted profit of 26- 32 cents per share on revenue of $1.03 billion- $1.08 billion for the quarter ending November.
Sept 16- FedEx Corp, the world's No.2 package delivery company, said it would increase shipping rates for its express, ground and freight services, effective Jan. 5, 2015. The rate change applies to FedEx freight shipments within the United States, Canada and Mexico as well as between the U.S. and Canada and between the U.S. and Mexico, FedEx said.
Cloud management services provider Rackspace Hosting Inc said it would not sell itself, sending its shares down 16.5 percent in after-market trading.
Sept 16- Photoshop maker Adobe Systems Inc reported a mere 1 percent rise in quarterly revenue that missed analysts' expectations, hurt by lower sales at its digital media business, which includes the Creative Cloud software suite.
Sept 16- Endo International Plc offered to acquire Auxilium Pharmaceuticals Inc for about $2.2 billion in cash and stock. The offer of $28.10 per share represents a premium of 30.6 percent to Auxilium's Tuesday closing price of $21.52 on the Nasdaq. Endo said it intends to fund the transaction through cash on hand and debt financing.
Sept 16- Photoshop maker Adobe Systems Inc reported a mere 1 percent rise in quarterly revenue that missed analysts' expectations, pushing shares down about 3.6 percent in extended trading on Tuesday. Net income fell to $44.7 million, or 9 cents per share, for the quarter ended Aug. 29, from $83 million, or 16 cents per share, a year earlier.
Sept 16- Blackstone Group LP aims to raise about $16 billion for its latest flagship buyout fund, roughly in line with a predecessor fund that wrapped up fundraising in 2012, a person familiar with the matter said on Tuesday. The Wall Street Journal earlier reported on the fundraising target.
Sept 16- Shares of Atlantic Power Corp fell by about a third on Tuesday after the struggling utility removed its chief executive and decided against selling itself.
COLOMBO, Sept 16- Chinese President Xi Jinping began a visit to Sri Lanka on Tuesday agreeing to open bilateral negotiations for a free trade pact as Beijing tightened its embrace of the island nation along a vital shipping route.
Entropic, which did not say what those options were, also lowered its revenue forecast for the current quarter blaming slower spending by telecom and cable customers in light of several big mergers. Entropic supplies chips for set-top boxes for cable and satellite TV providers such as Comcast Corp and Verizon Communications Inc..
Edouard, a Category 3 hurricane on the Saffir-Simpson scale, had top sustained winds of 115 miles per hour by 11 a.m. AST and was swirling 420 miles east of Bermuda, the Miami- based agency said.
Sept 16- Shopping center operator Washington Prime Group will buy smaller peer Glimcher Realty Trust for about $2.06 billion, its biggest deal since being spun off from Simon Property Group Inc in May.
Sept 16- Bill Barrett Corp said it would exchange most of its acreage in Wyoming's Powder River Basin for oil-producing assets in Colorado, and also sell some natural gas assets in the state.