ISTANBUL, March 5- Citigroup has sold its nearly 10 percent stake in Turkey's Akbank for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits. New York- based Citi has been paring back in international markets in recent years, pulling out of retail banking in Turkey as well as long-established...» Read More
Time Inc is reorganizing itself and consolidating oversight as it prepares to spin off from its corporate parent Time Warner, according to a memo to staff.
FCC's chairman his skepticism about a potential merger between Sprint Corp and T-Mobile US Inc in a meeting with Sprint.
Texas Instruments plans to cut 1,100 jobs worldwide as part of a corporate restructuring intended to help it save $130 million by the end of 2014.
Oracle announced that it has entered into an agreement to acquire Responsys for $27 a share, or approximately $1.5 billion.
Loehmann's, the 92-year-old discount clothing chain, has filed for bankruptcy protection for a third time and said it is prepared to sell its assets to a group of liquidators.
The Asia-Pacific region has overtaken Europe when it comes to mergers and acquisition, taking second place this year to North America.
Eminence Capital has taken a 9.8 percent stake in the clothier and will argue to solicit more bids, CNBC's David Faber reported.
Fairfax Financial is struggling to raise financing several large lenders turned down its requests, Reuters reported Friday.
A 'lack of emotional buy-in' and culture clashes are to blame for deals that fail to live up to their promise, a new report finds.
Lenovo, the world's largest PC maker, is 'actively looking' into bidding on BlackBerry, Dow Jones reported on Thursday, citing unnamed sources.
Ailing smartphone maker BlackBerry has drawn interest of Cerberus, a private equity firm, according to reports Wednesday.
No firm lost more employees than Cantor Fitzgerald on 9/11. CNBC's Mary Thompson reports on the company's charity day that works to raise money for the victims' families. In 2012, the firm raised $12 million. Former New York City Mayor Rudy Giuliani reflects on the day, and the New York City election.
Following the confirmation of Vodafone's $130 billion-deal with Verizon on Monday, merger and acquisition (M&A) activity is set to boom according to an upcoming report.
Top investors in Vodafone are set to clash over what it should do with perhaps as much as $130 billion in proceeds from the sale of its stake in Verizon Wireless.
Carlos Slim threatened to walk away from his $9.5 billion offer to buy the 70 percent of Royal KPN he doesn't already own.
Barnes & Noble reported a deeper loss as sales of its Nook device and e-books continued to plunge, and its founder pulled the plug on his plan to buy its stores.
Zillow is buying the New York City-focused real estate company StreetEasy for $50 million to strengthen its foothold in on one of the country's most lucrative markets.
Activist investor Carl Icahn is suing Dell to prevent it from changing crucial details of a buyout offer from founder Michael Dell that Icahn stridently opposes.
Spartan Stores announced plans Monday to buy Nash Finch in $1.3 billion all-stock deal.
Dell founder Michael Dell and his partner Silver Lake would not raise their $24.4 billion bid, even if a vote on their offer is delayed, sources said.