Ken Corbin Named Acting Director of IRS Unit as Lerner Placed on Leave
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Ally hopes that the deal will put an end to allegations that the mortgage business was stripped of choice assets before being put into bankruptcy.
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MELBOURNE, April 29- BHP Billiton has agreed to sell its Pinto Valley copper mine and a railroad in Arizona to Capstone Mining Corp for $650 million, the latest in a spate of asset sales by the top global miner as it tightens its belt in a weaker market. Pinto Valley takes BHP's total asset sales over the past 12 months to $5 billion.
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NEW YORK, April 28- Japan's Mitsubishi UFJ Financial Group is in discussion to buy trust-banking assets worth about $4 billion from Morgan Stanley, in the bank's latest bid to expand its business abroad, Bloomberg said on Sunday. Mitsubishi is Morgan Stanley's biggest shareholder.
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*Belgium, Ageas to get about 1 billion euros each. It means the Belgian state, along with Ageas, the insurance company which emerged from the break-up of Fortis at the height of the financial crisis, will both receive about 1 billion euros.
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RIYADH, April 27- Saudi Kayan Petrochemical Co has brought its ethylene oxide/ethylene glycol plant back into operation after scheduled maintenance and will soon restart other shuttered plants, it said on Saturday. The unit of Saudi Basic Industries Corp has not yet reached full production after being set up in 2007..
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April 26- Cline Mining Corp:. *Announces entering into recapitalization agreement. *Says entered into the definitive recapitalization agreement with Marret Asset.
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By Harry Papachristou ATHENS, April 26- Greek telecoms company OTE. struck a deal on Friday to sell its Bulgarian unit to Norway's Telenor and will use the proceeds to reduce its debt and fight for clients in its recession-hit home market.
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By Sarah White and Sophie Sassard. MADRID/ LONDON April 26- Spain's biggest bank Santander is in exclusive talks with U.S. private equity firms Warburg Pincus and General Atlantic LLC to sell a stake in its asset management business, three people familiar with the discussions said. The business had 161 billion euros of assets under management at the end of March.
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*Mining assets include Elga coal deposit in eastern Siberia. By Clara Ferreira-Marques and Anjuli Davies.
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agreed on Friday to sell its Bulgarian unit to Norway's Telenor to reduce debt and allow it to focus on client retention amid Greece's crippling recession. OTE, which is controlled by Germany's Deutsche Telekom, will receive 717 million euros to sell Globul, Bulgaria's second-biggest mobile operator with 4.5 million customers, it said in a bourse filing.
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By Sarah White and Sophie Sassard. MADRID/ LONDON April 26- Spain's biggest bank Santander is in exclusive talks with U.S. private equity firms Warburg Pincus and General Atlantic LLC to sell a stake in its asset management business, three people familiar with the discussions said.
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*Announces the sale of assets of its subsidiary, Thermal Care, Inc. *Says to sell the domestic assets of its subsidiary, Thermal Care, Inc. to. Ipeg Inc* Source text for Eikon.
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PARIS, April 26- A French judge rejected a trade union challenge against car maker PSA Peugeot Citroen's. restructuring plan, a lawyer for France's CGT union told journalists on Friday. PSA last year said it planned to cut 8,000 jobs in France and close a plant in Aulnay-sous-Bois, near Paris, in 2014 to respond to the slump in its domestic and European markets.
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IRSCHING, Germany, April 26- Germany's top utility E.ON said it reached a deal with regulators and grid operators to keep open its modern but unprofitable Irsching gas-fired power station in Bavaria, providing reserve power to stabilise the grid. Irsching 4 is fully owned by E.ON while Irsching 5 is also part-owned by local utilities Mainova, N-Ergie and HSE.
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*Telenor gets bank licence, Soc Gen banking assets. *Deal part of 2009 reorganisation agreed with European Commission. BRUSSELS, April 26- Belgian banking and insurance group KBC said on Friday it had agreed to sell its Serbian unit KBC Banka to Societe Generale Srbija and Telenor Serbia, one of the final divestments required by the European Commission.
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*Renault to build Nissan Micra in Flins. PARIS, April 26- Renault announced plans to build alliance partner Nissan's Micra mini in France as it bolsters domestic production in return for union concessions.
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PARIS, April 26- Renault's Flins plant, west of Paris, will build the next Nissan Micra subcompact for the Japanese carmaker, a Renault spokeswoman said on Friday.
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*Telenor gets bank licence, Soc Gen banking assets. *Deal part of 2009 reorganisation agreed with European Commission. BRUSSELS, April 26- Belgian banking and insurance group KBC said on Friday it had agreed to sell its Serbian unit KBC Banka to Societe Generale Srbija and Telenor Serbia, one of the final divestments required by the European Commission.
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BRUSSELS, April 26- Belgian banking and insurance group KBC said on Friday it had agreed to sell its Serbian unit KBC Banka to Societe Generale Srbija and Telenor Serbia. Telenor will buy all of KBC Banka's shares, while Societe Generale Srbija will acquire KBC Banka's key assets and deposits, KBC said in a statement.
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SEOUL, April 26- Kia Motors Corp's Chief Financial Officer reiterated on Friday that the South Korean automaker has no plan to construct new plants in the near term, though it has been "studying" the possibility of expanding capacity. But we have no plan to expand production capacity for now, " Park Han- woo said during an earnings conference.
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ATHENS, April 26- Greek telecoms firm said on Friday it agreed to sell its Bulgarian unit Globul to Norway's Telenor for a total 717 million euros to reduce its debt. Globul is Bulgaria's second-biggest mobile telephony operator.