CONAKRY, Guinea— The government of Guinea is planning to revoke the mining rights to one of the largest untapped iron ore deposits in the world, following a watchdog's recommendation. Government spokesman Damantang Camara announced late Friday that Guinea would follow the committee's recommendation.» Read More
Feb 19- Asian chat services KakaoTalk, LINE and WeChat threaten to overturn the mobile order of things, usurping the role of Google Inc, Apple Inc, Amazon.com Inc, Facebook Inc and telecoms carriers as gatekeeper to the consumer.
Feb 18- Actavis Plc is in advanced talks to acquire rival drug maker Forest Laboratories Inc in a deal that could value Forest at up to $25 billion, the Wall Street Journal reported citing people familiar with the matter. Actavis competes with larger drugmakers such as Teva Pharmaceuticals Industries Ltd and Mylan Inc..
E-commerce auction house eBay became a darling among top U.S. hedge funds in the fourth quarter just before billionaire activist investor Carl Icahn urged the company to spin off its PayPal payments business, regulatory filings showed on Friday.
Feb 14- Wanxiang Group, China's largest auto parts company, won a bankruptcy auction for the assets of Fisker Automotive, the defunct manufacturer of the Karma plug-in hybrid sports car, Fisker said on Friday.
NEW YORK, Feb 14- E-commerce auction house eBay Inc became a darling among top U.S. hedge funds in the fourth quarter just before billionaire activist investor Carl Icahn urged the company to spin off its PayPal payments business, regulatory filings showed on Friday.
NEW YORK, Feb 14- Hedge fund Paulson& Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the fourth quarter, even as others exited when bullion prices posted their biggest annual loss in 32 years.
Feb 14- Wanxiang Group, China's largest auto parts company, won a bankruptcy auction for the assets of Fisker Automotive, the defunct manufacturer of the Karma plug-in hybrid sports car, two sources who were briefed on the auction told Reuters. Wanxiang outbid an affiliate of Richard Li, a Hong Kong billionaire and Fisker investor, the people said on Friday.
Feb 14- Hyatt Hotels Corp recorded a better-than-expected jump in quarterly revenue as growing confidence in the U.S. economy drew more business travelers and tourists to its hotels in the Americas.
*Rakuten acquires Viber for $900 mln. *Viber purchase part of Rakuten's expansion strategy. TOKYO, Feb 14- Japanese e-commerce giant Rakuten Inc, controlled by billionaire Hiroshi Mikitani, will buy call and messaging app provider Viber Media Inc for $900 million in a deal that would more than double the number of users in its digital empire.
NEW YORK, Feb 13- Talks between Comcast Corp and Charter Communications Inc over how they could together buy Time Warner Cable Inc quickly soured as the two bickered over price and the feasibility of engineering a split of the No. 2 U.S. cable operator.
HONG KONG, Feb 13- Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd, had additional charges filed against them on Thursday in a bribery investigation surrounding Asia's largest developer, the company said on Thursday.
Feb 12- Shares of Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, rose as much as 7 percent in their market debut, valuing the U.S. bank holding company at about $971 million. Talmer's initial public offering raised about $203 million after its Class A shares were priced at $13 per share, near the lower end of its $12.50- $14.50 expected range.
Feb 12- Shares of Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, rose as much as 7 percent in their U.S. market debut, valuing the company at about $971 million. Talmer's initial public offering raised about $203 million after its Class A shares were priced at $13 per share, near the lower end of its $12.50- $14.50 expected pricing range.
NEW YORK, Feb 11- Mexico and China are discussing creating a joint fund for investments in infrastructure projects in Latin America's No.2 economy, Mexican deputy finance minister Fernando Aportela said on Tuesday during a visit to New York.
MEXICO CITY, Feb 11 (Reuters)- America Movil, Latin America's biggest phone company controlled by billionaire businessman Carlos Slim, on Tuesday reported a better-than-expected quarterly profit, helped by a drop in taxes and a slight pick-up in revenue.
Feb 10- U.S. casino operator Caesars Entertainment Corp is working with investment bank Lazard Ltd on a financial restructuring, a person familiar with the matter said. Caesars, which operates the Caesars Palace and Flamingo casinos on the Las Vegas Strip, is saddled with more than $16 billion in debt, according to Thomson Reuters data.
Feb 10- Billionaire activist investor Carl Icahn has backed off from his proposal that Apple Inc increase its stock buybacks, citing the company's recent repurchases as well as an influential proxy adviser's call against his proposal.
Feb 10- Billionaire activist investor Carl Icahn said he saw no reason to keep demanding that Apple Inc increase its stock buyback plans, citing the company's recent stock repurchases as well as an influential proxy adviser's call against his proposal. Apple shares were up 1.8 percent at $529.20 in morning trading.
ZURICH/ BRUSSELS, Feb 10- A vote to curtail immigration from the EU could cost Switzerland its privileged access to the European single market, European officials said on Monday, after Swiss voters narrowly backed the restrictions in a referendum that has unsettled business.
*Loews' fourth-quarter net loss $198 mln vs $32 mln year earlier. Feb 10- CNA Financial Corp said it would sell its life and group insurance business, on the same day that parent Loews Corp reported a bigger quarterly loss, hurt by impairment charges.