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HONG KONG (Reuters) – China Mobile will pay $5.8 billion for 20 percent of Shanghai Pudong Development Bank the company said on Wednesday, a move it hopes will help it dominate the country’s nascent mobile e-commerce market.
NEW YORK (Reuters) – Fertilizer producer Terra Industries Inc said on Wednesday it plans to accept a “superior” $4.68-billion takeover bid from rival CF Industries Holdings Inc unless Yara International boosts its competing offer.
LONDON (Reuters) – Barclays is on the lookout to buy a retail bank in the United States, according to reports, to build on its successful investment bank build-up there and create a buffer against regulatory reform.
NEW YORK (Reuters) – After a growth spurt at the end of 2009, the U.S. economy will slow in the months ahead, keeping the Federal Reserve from raising borrowing costs until the final three months of the year, a Reuters poll showed.
NEW YORK (Reuters) – U.S. stock index futures barely budged on Wednesday after data showed Chinese exports and imports grew faster than expected and after a slew of new corporate deals.
(Reuters) – U.S. private equity firm Apollo Management LP has agreed to buy Citigroup’s real estate investment division, Bloomberg said, citing a person with knowledge of the deal.
TAIPEI (Reuters) – American International Group could learn the fate of the stalled $2.2 billion sale of its Taiwan unit Nan Shan Life Insurance as early as Thursday, when Taiwan’s parliament will review a report on the deal from the top financial regulator.
LOS ANGELES (Hollywood Reporter) – Hollywood’s dealmakers have a busy couple of weeks ahead of them.
LONDON (Reuters) – Barclays shares dipped on Wednesday after reports the British lender was looking to buy a retail bank in the United States to build on its successful investment bank build-up there.
STOCKHOLM (Reuters) – The parent of China’s Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.
NEW YORK, March 9 (Reuters) – Private equity firm Carlyle
[CYL.UL] has hired Goldman Sachs Group Inc to sell
aerospace and defense company Arinc, a source familiar with the
matter told Reuters.
* Adj. oper. profit $67.1 mln vs $32.6 mln loss year ago
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