Corporate Finance Corporate Assets

  • OSLO, Sept 21- Nasdaq's Nordic commodities exchange has reached agreement on the sale of assets belonging to a private trader who defaulted on his commitments last week, it said on Friday. Einar Aas, a Norwegian derivatives trader who made large bets on the power market, left a 114 million euro hole in Nasdaq's Nordic clearing house buffers when his funds ran out.

  • *Ophir bought Asia assets from Australia's Santos. LONDON, Sept 13- Ophir Energy said on Thursday it would shift its headquarters from London to Asia where it has bought assets and had written down the value of its liquefied natural gas project in Africa by $310 million. The company, whose shares have lost more than 50 percent since the start of the year, said it was...

  • A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship.

    The announcement came as Maersk confirmed preliminary second-quarter EBITDA of $883 million.

  • *Emirates NBD drops in Dubai on Turkey's Denizbank deal. DUBAI, Aug 12- Gulf stocks fell on Sunday, pressured by general weakness across emerging markets as investors steered clear of assets perceived as risky due to a diplomatic and economic spat between the United States and Turkey. Other geopolitical factors, such as the reintroduction of U.S. sanctions on...

  • LONDON, Aug 9- Russian assets tumbled on Thursday as a new U.S. sanctions move against Moscow unsettled investors, while rocky relations with Washington- along with unease about the economy- also sent Turkey's lira to another record low. Washington's latest sanctions move- over what Moscow called far-fetched assertions it had deployed a nerve agent in Britain...

  • Gump's Corp, which was founded in 1861 near Union square in San Francisco, said it had been navigating an overwhelmingly difficult retail environment. Gump's Holdings LLC, which owns Gump's Corp and Gump's By Mail, filed for bankruptcy protection under Chapter 11 on Aug. 3, the parent company said in a statement on Tuesday. Gump's Holdings listed assets and...

  • Newell has been selling assets as part of plans to raise $10 billion following pressure from activist investors Carl Icahn and Starboard Value LP. For the rest of the year, Newell expects net sales in the range of $8.70 billion to $9.00 billion, a drop from its previous forecast of $14.40 billion to $14.80 billion. The company forecast adjusted profit in the range...

  • Aug 6- Reliance Communications Ltd said on Monday it had received approval from the Supreme Court to proceed with the sale of its wireless assets to Reliance Jio after it agreed to pay 5.5 billion rupees to settle dues with Swedish telecom gearmaker Ericsson. In May, India's bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against...

  • The Calgary, Alberta- based company has cut jobs, sold off assets and named a new CEO to clean up its balance sheet following an unpopular deal with Conocophillips in March last year that saddled it with heavy debt. The company's posted a net loss of C $410 million, or 33 Canadian cents per share, in the second quarter, compared with a profit of C $2.56 billion, or C $2.30...

  • The Calgary, Alberta- based company has cut jobs, sold off assets and named a new CEO to clean up its balance sheet following an unpopular deal with Conocophillips in March last year that burdened it with heavy debt. Cash from operating activities was C $533 million in the second quarter, compared with C $1.2 billion a year earlier. The company's net loss was C $410...

  • *Turkey's lira stronger as expectations for rate hike rise. LONDON, July 18- A perky dollar hurt emerging market assets on Wednesday with stocks edging lower and many currencies weakening, but Turkey's lira rallied to a one-week high on expectations of another interest rate hike next week. The broader benchmark was dragged lower by losses in Asia, where indexes...

  • DUBAI, July 12- Some investors in funds managed by Dubai- based Abraaj want to block the sale of assets to Colony Capital pending a review of Abraaj's handling of funds, according to a report seen by Reuters, potentially delaying a deal key to the survival of the investment management business. United States- based Colony offered last month to buy the fund...

  • DUBAI, July 12- Some investors in funds managed by Dubai- based Abraaj want to block the sale of assets to Colony Capital pending a review of Abraaj's handling of funds, according to a report seen by Reuters, potentially delaying a deal key to the survival of the investment management business. United States- based Colony offered last month to buy the fund...

  • LONDON, July 12- A U.S. demand for documents related to Glencore's assets in Democratic Republic of Congo as part of a corruption probe has rattled investors and is likely to weigh on the miner's performance until there is more clarity on the case. The Switzerland- based company, which said documents for Venezuela and Nigeria were also requested, provided few...

  • Rupert Murdoch, chairman and CEO of News Corporation.

    The Fox bid is expected to be pitched as soon as this week, the Financial Times reported Tuesday. 

  • *Makes offer for GTH's assets in Pakistan, Bangladesh. AMSTERDAM/ HONG KONG July 3- Veon will sell out of Italian mobile network Wind Tre for 2.45 billion euros in an exit from Western Europe the Amsterdam- based firm says will help it cut debt and focus on emerging markets. Veon, whose biggest shareholder is Mikhail Fridman's investment vehicle LetterOne, also said...

  • Also makes offer for GTH's assets in Pakistan and Bangladesh. AMSTERDAM/ HONG KONG July 3- Russia and emerging markets telecom operator Veon is to sell its stake in Italian mobile network Wind Tre to partner CK Hutchison, in a move to reduce debt that also marks its exit from Western Europe. The Amsterdam- based mobile operator also said it had made an offer to...

  • June 25- SkyBridge Capital II LLC said on Monday it was suing Premium Point Investments LP, claiming it lost nearly $80 million because the investment service inflated the value of its hedge fund assets. Ahuja and former partner Amin Majidi and former trader Jeremy Shor pleaded not guilty. SkyBridge said its investors recovered only $300.5 million of the...

  • 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,...