LONDON, May 17- After months of speculation, Vodafone's Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would be one of the biggest deals ever.
LONDON/ ZUG, Switzerland, May 16- A shareholder coup at newly merged commodities group Glencore Xstrata ousted its chairman and all former Xstrata directors on Thursday, replacing him with former BP boss Tony Hayward, excoriated for his role in the Gulf of Mexico oil spill.
LONDON/ ZUG, Switzerland, May 16- A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata, replacing him with former BP boss Tony Hayward.
Inbound M&A into India totals $9.86 billion this year, the highest in Asia, Thomson Reuters data shows, pointing to growing confidence among overseas firms in the potential of a 1.2 billion-strong consumer market. "India as a country is under-consumed. In 2012, foreign direct investment into India dipped about 7 percent to $29.3 billion.
BOSTON, May 15- Billionaire investor John Paulson bet more heavily on mortgage insurers during the first quarter, which suggests that his hedge fund expects the housing recovery to grow stronger in the months ahead.
NEW YORK, May 14- Verizon Communications Inc does not need more cash from its wireless venture with Vodafone Group Plc to support its own dividend payments, Verizon Chief Financial Officer Fran Shammo said on Tuesday.
LONDON/ HELSINKI, May 14- Nokia unveiled a lighter, metal model in its Lumia smartphone range, as it tries to catch the eye of buyers to close the huge market lead of rivals Samsung and Apple Inc in the lucrative handset market.
*Ghana bourse in middle of African pack. ACCRA, May 14- Ghana's bourse is up more than 50 percent so far this year, but the reluctance of key companies to list in the West African market may be blunting its economic impact.
BASKING RIDGE, N.J.-- Verizon Wireless said Monday that it will make a $7 billion distribution to its owners. The company, based in Basking Ridge, N.J., is a joint venture between Verizon Communications Inc. and Vodafone Group PLC. Verizon owns 55 percent of the partnership and Vodafone owns 45 percent.
May 13- Verizon Wireless, the biggest U.S. mobile service provider, said on Monday it would pay its parents Verizon Communications and Vodafone Group Plc a dividend of $7 billion in June. The dividend comes amid mounting speculation Verizon could buy Vodafone's stake in the venture if they can agree on a price.
May 13- Verizon Wireless said on Monday it would pay its parents Verizon Communications and Vodafone Group Plc a dividend of $7 billion in June.
*Sanofi turns ex-dividend, weighs on France's CAC 40. "We're seeing excessive optimism, with more and more retail investors turning bullish, which is never a good sign," said Guillaume Dumans, co-ahead of 2 Bremans, a Paris- based research firm using behavioural finance to monitor investor sentiment.
A 4 G network will give the fourth-biggest operator in Spain an advantage over rivals Telefonica and Vodafone, which have lost share to low-cost providers as customers in Spain- where the unemployment rate stands at 27 percent- seek cheap deals. Taulet said Yoigo, owned by Sweden's Teliasonera, will offer 4 G services in the Madrid region from July 18.