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Corporate Assets

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  • CRH to buy Lafarge, Holcim assets for $7.3B Monday, 2 Feb 2015 | 1:42 AM ET
    Construction crews work on a freeway overpass along Highway 101 in Novato, California.

    Irish building supplies group CRH said it had agreed to pay $7.35 billion for assets Lafarge and Holcim had to sell ahead of their planned merger.

  • *Lafarge and Holcim selling assets as part of merger. DUBLIN, Feb 1- Irish building supplies group CRH said on Sunday it had agreed to pay 6.5 billion euros for assets Lafarge and Holcim were obliged to sell ahead of their planned merger. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak...

  • Jan 29- Bankrupt drugmaker Dendreon Corp has reached a stalking-horse deal with Canada's Valeant Pharmaceuticals International Inc to sell the worldwide rights to its cancer vaccine, Provenge, and certain assets for $296 million. The deal is subject to higher and better bids and extended the bid deadline to Feb. 10 for interested parties to participate in an...

  • Valeant to buy worldwide rights to Dendreon's Provenge Thursday, 29 Jan 2015 | 9:29 PM ET

    Jan 29- Valeant Pharmaceuticals International Inc said it would buy the worldwide rights of Dendreon Corp's Provenge drug and certain other assets through a "stalking horse" deal for $296 million. Seattle- based Dendreon filed for bankruptcy protection in November, after sales of its cancer vaccine fell short of expectations and left the company deep in debt.

  • LONDON, Jan 26- When Mario Draghi announced the European Central Bank's trillion-euro scheme to buy government bonds, he acknowledged that in the round of strategies to revive inflation and boost the economy, the bank had just played its last hand. Asked by reporters what would happen if the plan to purchase 60 billion euros of assets a month for 19 months failed,...

  • Oil demand is still strong Friday, 23 Jan 2015 | 5:40 AM ET
    Oil demand is still strong

    At Davos, Hendrik du Toit, CEO of Investec Asset Management Ltd discusses Saudi Arabia and his own predictions when it comes to oil prices.

  • SHANGHAI, Jan 22- The People's Bank of China is desperate to stimulate a slowing economy, but flagging enthusiasm for Chinese assets is blunting its traditional monetary policy tools and forcing the central bank to adopt different tactics. Tinkering with short-term liquidity has proved ineffective, however, in offsetting the deeper capital outflows that...

  • Europe 'has' to do QE: CEO Wednesday, 21 Jan 2015 | 11:00 AM ET
    Europe 'has' to do QE: CEO

    At Davos, Martin Gilbert, CEO of Aberdeen Asset Management, talks about the European Central Bank's deflation focus and the possibility of quantitative easing.

  • NEW YORK, Jan 16- Foreigners bought long-term U.S. securities in November, with investors buying agency and corporate bonds, as well as equities. Data from the U.S. Treasury Department showed on Friday that net purchases of long-term U.S. assets were $33.5 billion in November, after outflows of $1.4 billion in October. But including short-dated assets such as...

  • Retailer Wet Seal files for Chapter 11 bankruptcy Friday, 16 Jan 2015 | 12:03 AM ET

    Jan 16- Wet Seal Inc filed for bankruptcy protection late on Thursday, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores. The company listed assets of $10 million to $50 million and liabilities of $100 million to $50 million, according to the filing. Wet Seal sells apparel and accessories for teen girls and young women...

  • Jan 15- BlackRock Inc, the world's largest money manager, reported a higher-than-expected quarterly profit as assets under management increased. The 2014 net inflows represent a 55 percent jump from the prior year and a record for BlackRock. "While the magnitude of the flows was quite large, it is the composition of the flows that was really interesting,"...

  • Shenzen-based Kaisa said on Monday it had missed interest payments to investors in its offshore dollar bonds, that many of its bank accounts had been frozen and that a mainland China court had frozen more than $100 million of assets of one of its units. Kaisa's founder and chairman left the company in December, triggering an acceleration of repayment of a loan...

  • LONDON, Jan 8- Britain's biggest grocer Tesco plans to sell assets and cut hundreds of millions of pounds of costs to fund lower prices in store as part of its plan to fight back from the biggest crisis in its 95- year-history. Seeking to recover from four profit warnings and an accounting scandal last year, new Tesco boss Dave Lewis unveiled his plan alongside a...

  • Aereo auctioning off its TV streaming tech assets Friday, 26 Dec 2014 | 5:39 PM ET
    Aereo CEO Chet Kanojia leaves the U.S. Supreme Court after oral arguments April 22, 2014 in Washington, DC.

    A bankruptcy court has allowed defunct video streaming company Aereo Inc to auction its TV streaming technology assets, court papers show.

  • Is oil the only asset spooking investors? Monday, 15 Dec 2014 | 5:00 AM ET
    Is oil the only asset spooking investors?

    As plummeting oil prices hit markets, Carter Worth, chief market technician at Sterne Agee, discusses whether it's just oil that's spooking investors.

  • Open vs. shut: The 2 headed coin of transparency Sunday, 9 Nov 2014 | 11:00 AM ET
    Financial statement

    Two studies offer different conclusions about whether big companies offer too little disclosure about their operations, or perhaps too much.

  • Blackstone-led group unloads $2.27B in Hilton stock Monday, 3 Nov 2014 | 8:19 AM ET
    Tyler Henritze, senior managing director of real estate for Blackstone, attends the initial price offering (IPO) of Hilton Worldwide (HLT) on the floor of the New York Stock Exchange shortly after the opening bell on December 12, 2013 in New York City.

    Shareholders associated with the Blackstone Group are set to launch a massive secondary offering of Hilton Worldwide stock, the company said.

  • To reduce inequality, end buyback 'binge': Study Tuesday, 23 Sep 2014 | 2:16 PM ET
    Stock prices

    Share repurchases have soared since the Great Recession ended, totaling more than $950 billion just in the past two years alone.

  • Invest in US corporate assets: Expert Sunday, 20 Oct 2013 | 6:32 PM ET
    Invest in U.S. corporate assets: Expert

    Kumar Palghat, Managing Director of Kapstream Capital tells CNBC why corporate debts are a good bet right now.

  • Cramer: 'It's time to break up Microsoft' Friday, 6 Sep 2013 | 10:38 AM ET

    Microsoft is an unwieldy business and should be broken up, CNBC's Jim Cramer said Friday, and it needs a savior to drive a corporate "miracle" to get the company back on track.