April 2009
Royal Bank of Scotland shortlists three bidders for Asia business
Royal Bank of Scotland Group PLC (RBS) has a shortlist of three bidders for its Asian retail and commercial banking assets in a sale that could fetch up to $1.8 billion, according to a report on The Wall Street Journal’s Web site. The shortlisted...
Tech Mahindra, partly owned by BT Group Plc Wins Bid for Satyam Computer!
Scam-tainted Indian software company Satyam Computer Services Ltd. Monday named a 17.56 billion rupees ($352.6 million) offer by a Tech Mahindra Ltd. unit as the highest bid for a 31% stake in the company. L&T and Wilbur Ross, the other two contend...
Collapse of talks: Colony Quits MGM Mirage Deal
As the recession takes a toll on gambling getaways, Colony Capital LLC has ended its talks with MGM Mirage, which owns properties from Las Vegas to Detroit to Macau, over a potential investment. Recently, the WSJ reported that MGM Mirage is in talks wi...
March 2009
FIRB extends review of Chinalco-Rio Tinto deal!
The Australian Foreign Investment Review Board (FIRB) has issued an interim order to carry out an additional 90-day review of Chinalco’s proposed strategic partnership with Rio Tinto, after the conclusion of a preliminary 30-day review on March 1...
February 2009
AIG Asia asset sales plan, yes or no?
Citigroup and Goldman Sachs are advising AIG on its Asia asset sales. AIG initially intended to sell 49% of AIA, which is Asia’s largest life insurer with operations in 10 countries, but it has since signaled it was open to selling the whole unit...
November 2008
A review on Foster Wheeler Earnings for Third Quarter of 2008; Raymond J. Milchovich CEO for next 3 years
Foster Wheeler Ltd. today announced that Raymond J. Milchovich, 59, chairman and chief executive officer of Foster Wheeler Ltd., has signed a new three-year agreement, effective November 4, 2008, to continue to lead the company. James D. Woods, who ser...
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