*Dubai World unit sells 50 pct of Fontainebleau- source. DUBAI, Dec 17- Istithmar World, a unit of Dubai World, has sold its 50 percent stake in Miami Beach's landmark Fontainebleau hotel back to south Florida developer Turnberry, a source close to the seller said on Tuesday.» Read More
*Combined unit would be second to Vodafone in Ireland. DUBLIN, June 24- Indebted Spanish group Telefonica has agreed to sell its O2 Ireland mobile business for 780 million euros in cash to Hutchison Whampoa's local unit 3 Ireland, it was announced on Monday.
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.