RICHMOND, Va.— Packaging company MeadWestvaco Corp. is selling its European-based tobacco folding carton business. MeadWestvaco says the business has annual revenue of about $190 million. Earlier this month, MeadWestvaco announced plans to spin off its specialty chemicals business into a separate, publicly traded company.» Read More
SYDNEY, Aug 19- BHP Billiton is in talks with potential buyers for all, or part, of its Nickel West division in Australia after excluding the business from a major restructuring.
When Australia- based BHP joined forces with the London- listed, but largely South African, Billiton, a diversified natural resources giant was created.
NEW YORK, Aug 14- General Electric Co is in talks with Sweden's Electrolux AB and other parties to sell its household appliances unit, people familiar with the matter said on Thursday. Bloomberg News earlier reported that GE's appliances unit had drawn interest from Electrolux and consumer development startup Quirky.
FRANKFURT, Aug 13- German industrial group Siemens is renewing efforts to divest its hearing aids business in a deal that could be worth about 2 billion euros, sources familiar with the matter said.
Two investment firms said they would buy half of the portfolio companies held by JPMorgan Chase & Co's private equity business, One Equity Partners.
Aug 6- Auto parts maker Visteon Corp reported a 11 percent rise in quarterly revenue as higher vehicle production boosted sales of its climate control products. Visteon said $258 million of sales in its interiors business were reclassified as discontinued operations since it is divesting a majority of the business.
The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.
Rahul Bajoria, Regional Economist, Barclays explains why the Indian rupee is set to hover near the 54 level over the next 12 months.
Cisco Systems is selling its home networking business to Belkin, the networking giant's latest move to exit the consumer business.
Pip McCrostie, global chair of E&Y, talks about their survey on companies monetizing non-core assets as a short term tool to make cash.
Cramer breaks down the positives that will result from McGraw-Hill's corporate split.