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Corporate Finance Corporate Assets

  • The embattled firm, which at its peak managed $14 billion, has been in crisis amid investor accusations that it mismanaged their funds.

  • June 13- Comcast Corp offered $65 billion on Wednesday for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc.. AT&T won a court victory over skeptical U.S. antitrust regulators on Tuesday when a federal judge allowed it to buy Time Warner for $85 billion,...

  • June 13- Comcast Corp offered $65 billion on Wednesday for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc.. Justice Department lawyers who tried to stop AT&T's $85 billion deal expect consumers will lose out as bigger companies raise prices, and some...

  • CNBC’s Andrew Ross Sorkin breaks down the decision from Comcast to bid $65 billion for Fox assets, starting a bidding war with Disney. CNBC contributor Dennis Berman weighs in.

  • Comcast officially bids $65 billion for Fox assets

    CNBC’s Leslie Picker reports the latest on Comcast making an official bid for Fox assets.

  • June 13- Twenty-First Century Fox Inc's shares hit a record high on Wednesday as approval for AT&T Inc's $85 billion buyout of Time Warner Inc spurred speculation that Comcast Corp would make an offer for most of Fox's assets. Shares of other telecom and media companies such as Sprint Corp, CBS Corp and Discovery Inc were all up between 1 percent to 3 percent.

  • ATHENS, June 7- Piraeus Bank, Greece's largest lender by assets, is close to clinching a deal to sell 400 million euros of soured, unsecured consumer loans as part of efforts to shrink its bad-debt load, bankers close to the deal told Reuters. The project, dubbed Arctos, involves a pool of about 220,000 non-performing credit card and consumer loans with a gross book...

  • The U.S. oil company said in a statement Wednesday that its two Venezuela- based employees were "in good health" and had been reunited with their families. Chevron is one of the few multinational oil companies still working in Venezuela, where the socialist government has raised royalties and seized assets to increase its control of the industry.

  • Flagstar Bancorp Inc said on Tuesday it would acquire 52 Wells Fargo branches in Indiana, Michigan, Ohio and Wisconsin for an undisclosed amount. Wells Fargo, the fourth-largest bank by assets in the United States, will no longer have a retail presence in Indiana, Michigan and Ohio once the deal closes, spokeswoman Bridget Braxton said. It will continue to operate...

  • JAKARTA, May 28- Indonesia's top policymakers sought to shore up confidence in Southeast Asia's biggest economy, as bets grow that the central bank will raise interest rates for the second time in two weeks at an out-of-cycle policy meeting on Wednesday. Alongside other emerging markets, Indonesia has seen an outflow of funds as U.S. assets become more...

  • JAKARTA, May 28- Indonesia's top policymakers sought to shore up confidence in Southeast Asia's biggest economy, as bets grow that the central bank will raise interest rates for the second time in two weeks at an out-of-cycle policy meeting on Wednesday. Alongside other emerging markets, Indonesia has seen an outflow of funds as U.S. assets become more...

  • MUMBAI, May 22- State Bank of India projected a recovery over the next two years after a record 77.18 billion-rupee fourth-quarter net loss following stricter central bank rules around bad loans, sending its shares to a nearly six-week closing high. The lender which accounts for more than a fifth of India's banking assets said it aims to grow loans at an annual...

  • President Donald Trump on Monday put in place new economic sanctions aimed at Venezuela in an executive order banning U.S. citizens from being involved in sales of that country's accounts receivables related to oil and other assets.

  • Cambridge Analytica is shutting down

    In March, allegations surfaced that Cambridge Analytica, hired by Donald Trump's 2016 election campaign, improperly used data of 87 million Facebook users.

  • The petition to file bankruptcy was submitted at the U.S. Bankruptcy Court Southern District of New York and was signed on behalf of Cambridge Analytica's board by Rebekah and Jennifer Mercer, daughters of billionaire Robert Mercer. Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10...

  • May 18- Cambridge Analytica, the firm at the center of this year's Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday. Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million. http://bit.ly/2rSb2ex. Cambridge Analytica and its British...

  • MUMBAI, May 15- India's bankruptcy court on Tuesday admitted an insolvency plea filed by Sweden's Ericsson against Reliance Communications, potentially delaying the Indian firm's plans to sell assets to lighten its debt load. Like other incumbents in India's telecoms sector, RCom has been hit by a fierce price war over the last year, especially after the entry...

  • NEW YORK, May 11- The founder and two former members of New York investment firm Premium Point Investments LP on Friday pleaded not guilty to charges that they inflated the value of assets held by the firm's hedge funds by more than $200 million. Premium Point founder Anilesh Ahuja, 49, former partner Amin Majidi, 52, and former trader Jeremy Shor, 46, pleaded not...

  • BOSTON, May 10- Wells Fargo& Co on Thursday said the aftertax impact on net income of a regulatory cap on its assets will be less than $100 million in 2018, and gave an outlook for 2019 expenses that was slightly lower than analyst expectations. Wells Fargo Treasurer Neal Blinde said the bank had previously expected the reduction to net income from the asset cap...

  • BOSTON, May 10- Wells Fargo& Co on Thursday said it expects efficiency efforts to cut expenses by $2 billion annually in 2018 and 2019, and that the aftertax impact on net income of a regulatory cap on its assets will be less than $100 million in 2018.. Wells Fargo gave the figures in an investor presentation posted on the San Francisco bank's website.