Indonesia's central bank is set to limit the maximum stake a single shareholder can take in the country's banks to below 50 percent, a move that could scupper Singapore-based DBS Group's $7.3 billion bid for Bank Danamon.
Hanlong Mining and Sundance Resources have agreed to delay to November the target date for the Chinese firm to seal a $1.3 billion takeover of the Australian group as Hanlong is struggling to line up funding from China.
Wednesday, 23 May 2012 | Posted By:
| Source: CNBC.com
Stocks clawed back from steep losses to finish narrowly mixed Wednesday following several reports on the euro zone that helped soothe fears over the region's debt crisis.
US stock index futures pointed to a lower open on Wall Street on Wednesday as investor caution replaced hope of a resolution to the euro zone debt crisis ahead of a meeting of European Union leaders in Brussels.
Tuesday, 22 May 2012 | Posted By:
| Source: CNBC.com
Stocks erased most of their gains to finish flat Tuesday following reports that former Greek Prime Minister Lucas Papademos said preparations for Greece's exit from the euro zone are being considered.
U.S. stock index futures trimmed earlier gains to turn mixed in a volatile pre-market session, as investors awaited data on existing home sales and after Fitch cut Japan's credit rating.
Tuesday, 22 May 2012 | Posted By:
| Source: CNBC.com
Evernote, a U.S. mobile startup whose shareholders include NTT DoCoMo and Sequoia Capital, has no intention of being acquired and its owners have "no exit strategy", according to founder and CEO Phil Libin.
Monday, 21 May 2012 | Posted By:
| Source: CNBC.com
Stocks ended near highs Monday to post their best trading session in May, with the Dow and S&P 500 snapping a six-day losing streak and the Nasdaq posting its best one-day percentage gain this year, as investors snapped up beaten-down stocks.
DaVita, the biggest U.S. operator of dialysis clinics, has agreed to buy privately-held HealthCare Partners for about $4.42 billion in cash and stock to expand into new markets to help offset potential revenue pressures in its main business.
US Stock index futures pointed to a rebound on Wall Street on Monday following a sloppy debut by Facebook on Friday that spoiled hopes for a spectacular open for the company that would brighten the mood in what has been a gloomy month for equity markets.
Friday, 18 May 2012 | Posted By:
| Source: CNBC.com
Stocks closed near session lows Friday, with all three major averages posting their worst weekly drop this year, as investors were cautious ahead of the weekend amid fears over the euro zone and euphoria over Facebook's trading debut fizzled.
U.S. stock index futures were higher Friday, struggling to recover from a string of recent declines, and ahead of Facebook's widely-anticipated trading debut later this morning.
Manulife Financial and Metlife are among the companies that have submitted first round bids for ING's entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia M&A insurance deal ever.
Human Genome Sciences said on Thursday it had adopted a stockholder rights plan as the biotechnology company defends itself against a $2.6 billion hostile takeover bid by drugmaker GlaxoSmithKline.
As the controversy around the Facebook IPO grows, regulators say they will look into it; Moody’s lifts Ford’s credit rating; Dell shares slide after earning; Yahoo charts a new direction.... Read More
Authorities in China have approved Google Inc.'s bid to buy phone maker Motorola Mobility, clearing the way for the $12.5 billion deal to close early next week.
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Allscripts Healthcare Solutions is enacting a shareholder rights plan — or “poison pill” — to help it ward off an opportunistic takeover bid, even before an offer emerges... Read More
When thinking of the smartphone and mobile device “ecosystem,” some of the first names that come to mind include Intel, Qualcomm, and Texas Instruments... Read More