Informed sources say potential buyers for R&R Ice Cream put their first-round bids on the table this week – with the firm founded by US Republican presidential candidate Mitt Romney rumoured to be in the running. var ...
Tags: Mitt Romney, R&R Ice Cream, Agriculture, Food
In 2001, Nippon Telegraph and Telephone, Japan's dominant telecom provider, got a shock. It had just started DSL broadband Internet service and was taking its first steps toward reaping the benefits of an ambitious and costly plan to string ...
Tags: Japan, telecom, DSL broadband Internet service, Softbank
Sharp has been bailed out by the banks to the tune of $4.6bn. Mizuho Corporate Bank and the Bank of Tokyo-Mitsubishi are to put up $2.3bn in loans and extend a $2.3bn revolving credit facility. Sharp has debts of $12.76bn, of which ...
Tags: Sharp, Mizuho Corporate Bank, collateral, debts, lay off
Informed sources say potential buyers for R&R Ice Cream put their first-round bids on the table this week – with the firm founded by US Republican presidential candidate Mitt Romney rumoured to be in the running. Bain capital ...
Tags: Private Equity Firms, Majority Stake, Ice Cream, Food
Nokia reported a 39% year-on-year drop in the number of smartphones it sold in the second quarter, to 10.2 million, while its net loss more than trebled. The company's total revenue for the quarter fell 19% year over year, to 7.54 billion ...
Tags: Nokia, Q2, Smartphone, Sales
Business Line reported that L&T will divest its stake in Dhamra Port Company Ltd, a 50:50 JV between TATA Steel and L&T, is no longer news. What generates speculation is who could be the probable buyer of the stake. Several names float ...
Tags: TATA Steel, Dhamra Port, Construction
Iron ore producer BC Iron said that its USD 190 million deal with Fortescue Metals to boost output to 6 million tonnes will not be affected by any sale of Fortescue's infrastructure assets. Fortescue Metals Group said that it was in ...
Tags: iron ore, BC Iron, Fortescue Metals, infrastructure assets
Gulf News reported that UK based energy giant BP PLC has been invited back to bid for a renewal of its stake in Abu Dhabi’s oil concession and the Abu Dhabi National Oil Company aims to announce a shortlist of bidders soon. Although ...
Tags: oil, energy giant, oil concession, oil companies
Swedish telecommunications equipment maker,Ericsson,will take an 8bn Swedish kronor(SEK)($1.2bn)charge in the fourth quarter(Q4)on its stake in the ST-Ericsson joint venture. STMicroelectronics announced earlier this month that it was ...
Tags: Ericsson, ST-Ericsson joint venture, mobile phone chips, acquire
Marissa Mayer, participating in her first Yahoo earnings conference call since becoming CEO, outlined a broad range of areas in which the company needs to improve. “It was an active and solid quarter with some nice ...
Tags: CEO, conference, earnings call, Google, Marissa Mayer, Yahoo
OZFOREX, the online foreign-exchange services specialist backed by Macquarie Group and two of the world's most powerful venture capital and private equity investors, is planning to double the size of its business over the next four years, ...
Tags: Expansion, OZFOREX, Macquarie Group
Magasins de jouets sans frontières? Do you remember the TV game show It’s A Knockout or the Peter Gabriel song Jeux Sans Frontières? Now it’s toy shops’ turn to expand beyond traditional frontiers. ...
Tags: jon salisbury, Toys, toy shop, dream toy
By John Lee. Russian oil and gas investor Soyuzneftegas Capital has increased its stake in Gulfsands Petroleum, the London-listed energy company that is understood to be negotiating details of a gas capture contract in Missan province. ...
Tags: oil, gas, Soyuzneftegas Capital, Gulfsands Petroleum, energy
US agribusiness Archer Daniels Midland has sold its stake in Gruma back to the Mexican group. Gruma has acquired the 23.2% stake held by ADM, as well as a number of smaller holdings in various subsidiaries. In an announcement on Friday ...
Tags: Mexican Firm, Gruma, ADM, Daniels Midland
The West Australian reported that BC Iron surged more than 9% after the iron ore miner raised USD 47 million in a placement at a premium as part of a deal with Fortescue Metals Group to take a bigger stake in its Nullagine JV project. BC ...
Tags: BC Iron, iron, steel, metel market