Cerberus struck a $9 billion-plus deal to buy grocery giant Safeway—a tie-up that should be a win for the consumer.» Read More
SAN FRANCISCO, Nov 21- Intel CEO Brian Krzanich said on Thursday he plans to expand his company's small contract manufacturing business, opening the way for more chipmakers to tap into the world's most advanced process technology.
MADRID, Nov 21- Santander is to sell its real estate management business Altamira to U.S. private equity group Apollo Global Management, likely to be the largest deal of its kind so far in Spain where the property market is starting to thaw.
HELSINKI, Nov 21- Nokia has asked the Delhi High Court to help release its Indian factory after its seizure by the local tax authorities, the Finnish firm said on Thursday as it seeks to resolve the tax dispute ahead of the sale of its mobile phone business to Microsoft.
HELSINKI, Nov 21- Nokia said on Thursday it has asked the Delhi High Court to help revoke a seizure of its Indian factory by the local tax authorities, seeking to resolve the dispute ahead of the sale of its mobile phone business to Microsoft.
Nov 20- The United States rejected Fairholme Capital Management's recapitalization proposal of Fannie Mae and Freddie Mac, saying the only way to revamp the home loan market is through proper housing finance reform, according to Gene Sperling, a senior adviser to the president.
NEW YORK, Nov 20- Bankrupt mortgage lender Residential Capital LLC made no effort to put a value on the legal claims that are now an obstacle to its plan to repay creditors, the company's restructuring chief said on Wednesday.
*ThyssenKrupp says in exclusive talks to sell U.S. plant. *ThyssenKrupp pushes back results to Dec. 2 from Nov. 21. FRANKFURT, Nov 20- Germany's ThyssenKrupp is nearing a long-awaited sale of its U.S. steel plant and has reached an agreement to settle a cartel lawsuit, clearing the way for it to raise much-needed capital.
TOKYO/ SHANGHAI, Nov 20- Mazda Motor Corp will begin production at its new Mexico factory in January, the carmaker's chief said on Wednesday, describing the plant as a key foreign base for the Japanese company as it pares its reliance on domestic output.
*ThyssenKrupp says in exclusive talks to sell its U.S. plant. FRANKFURT, Nov 19- German steelmaker ThyssenKrupp pushed back the publication of its annual financial results as talks to sell a steel plant in the United States entered the home stretch.
HELSINKI, Nov 19- Nokia shareholders approved the 5.4 billion euros sale of the company's mobile phone business to Microsoft, deciding the deal's financial benefits outweighed any objections to the loss of a Finnish national asset.
HELSINKI, Nov 19- Nokia shareholders are expected to approve the sale of its mobile phone business to Microsoft on Tuesday, with the deal's financial benefits likely to outweigh resistance from a minority of investors upset over the sale of a Finnish national icon.
NEW YORK/ LONDON Nov 18- Goldman Sachs plans to resume talks with parties interested in buying its metals warehousing business now that new exchange rules have been released, a source familiar with the matter said on Monday.
CHICAGO, Nov 15- Caterpillar Inc said on Friday that it will close another plant and lay off 240 additional workers as it continues to respond to a sharp drop in demand for its earth-moving products from customers in the mining industry.
Chief Executive Mike Perlis, in a memo to employees on Friday, said the company had hired Deutsche Bank to explore a sale of the company founded by financial newspaper columnist B.C. Forbes in 1917..
Nov 15- Residential Capital LLC, a bankrupt mortgage lender, won a court ruling on Friday that it does not owe approximately $340 million in interest claimed by junior secured noteholders. Bankruptcy Judge Martin Glenn also criticized the legal tactics of the noteholders, who are virtually alone in opposing that plan.
NEW YORK, Nov 14- A lawyer tasked with reviewing advisers' fees in Eastman Kodak Co's bankruptcy on Thursday gave his blessing to more than $240 million in bills, priming them for court approval next week. In large cases like Kodak's, judges often tap examiners to pore over the bills and offer recommendations as to whether they are reasonable.
DETROIT, Nov 14- Detroit must disclose the fee structure of a $350 million debtor-in-possession financing agreement, U.S. Detroit reached the loan agreement with Barclays, a unit of Britain's Barclay's Plc, in October, but the deal still must be approved by Judge Rhodes.
*Has not got big enough offer to agree to deal- Compuware CEO. Nov 14- Compuware Corp should consider an immediate sale or a new restructuring plan, activist investor Starboard Value LP said in a letter to the business software maker on Thursday.
ATLANTA, Nov 14- Lockheed Martin Corp, the world's largest defense contractor, said on Thursday it plans to slash 4,000 jobs and shutter plants in several states to reduce costs in the face of declining U.S. defense spending.
Nov 14- Activist investor Starboard Value LP asked business software maker Compuware Corp to consider an immediate sale or implement a new restructuring plan. Starboard, one of Compuware's largest shareholders with a stake of just under 5 percent, detailed the actions it wants the company to take in the restructuring plan.