JUNEAU, Alaska— Anchorage- based Northrim Bank will cut staff at former Alaska Pacific Bank branches as it finishes the acquisition but promises more services for customers. It acquired Bank of America's Alaska operations in 1999 and Alaska First Banking Trust in 2007..» Read More
In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash.
SHANGHAI/ HONG KONG, June 23- In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash. These young people are willing to buy big-ticket items like a car on credit- a behaviour unheard of some 15 years ago in China- and have led carmakers to boost their financing units in the mainland.
*Shire rejects AbbVie offer valued at 46.26 pounds a share. LONDON, June 20- British drugmaker Shire has rejected a 27 billion-pound takeover offer from AbbVie, the latest attempt by a U.S. healthcare firm to tap into lower tax rates abroad via an acquisition.
LONDON, June 20- British drugmaker Shire has rejected a 27 billion-pound takeover offer from AbbVie, the latest attempt by a U.S. healthcare firm to tap into the London- listed group's low tax rate. Abbvie's takeover offer proposed creating a new U.S.-listed holding company with a UK tax domicile in a so-called "inversion" move.
LONDON, June 20- British drugmaker Shire has rejected a takeover offer from AbbVie Inc which would have valued the group at around 27 billion pounds, the U.S. firm said on Friday.
SYDNEY/ JOHANNESBURG, June 19- Australian retailer David Jones Ltd has postponed a shareholder vote on a $2 billion takeover bid from South Africa's Woolworths after Australian billionaire Solomon Lew amassed a stake that could scupper the deal.
June 18- Swiss electronics company TE Connectivity said it would buy U.S.-based sensor maker Measurement Specialties Inc for about $1.7 billion, including debt, to grab a bigger slice of the high-growth global sensor market.
June 18- Swiss electronics company TE Connectivity said it would buy sensor maker Measurement Specialties Inc for about $1.7 billion, including debt, to grab a bigger slice of the high-growth global sensor market.
HONG KONG, June 19- A little over a month ago, a Texas power utility at the centre of the biggest leveraged buyout in history filed for bankruptcy, sunk by billions of dollars of debt that it took on after being acquired by a trio of top private equity names in 2007..
The failed Tokyo-based bitcoin exchange, Mt.Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States.
June 17- The failed Tokyo- based bitcoin exchange, Mt Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with U.S. customers and a sale of its business.
Sitting atop LA's shaky sports scene, the Stanley Cup champs may never fetch a higher price for their corporate owners.
*Shire expecting to receive approaches, taps Citi- sources. LONDON, June 17- Shares in Shire hit a record high on Tuesday on expectations of a takeover as dealmaking sweeps the drugs sector, after Reuters reported the group had hired investment bank Citi as a defence adviser. Shire and Citi declined to comment.
HONG KONG, June 17- Citigroup will pay HK $5.425 billion for its new Hong Kong headquarters, in the largest ever purchase of a single-block office building in the Asian financial hub, the U.S. bank said on Tuesday.
LONDON, June 16- London- listed drugmaker Shire has hired investment bank Citi as an adviser, expecting to receive takeover approaches following a wave of deals in the healthcare sector, sources familiar with the matter told Reuters.
Chipmaker SanDisk said it would buy flash storage device maker Fusion-io for about $1.1 billion.
SanDisk is buying Fusion-io for $1.1 billion. Sanjay Mehrotra, SanDisk co-founder, president & CEO, discusses the growing demand for enterprise storage.
Medtronic announced it will buy Covidien for $42.9 billion. Barbara Ryan of FTI Consulting, discusses consolidation in the medical industry.
CNBC's Meg Tirrell provides insight to Medtronic's announcement it will buy Covidien, and also discusses the consolidation trends in medical device companies.
*Deal for $40.86 per share in cash and stock. June 16- Telecommunications services company Level 3 Communications Inc said it would buy internet services provider tw telecom Inc for $40.86 per share in cash and stock to expand its commercial fiber network in the United States.