North America
United States / Finance
US big-box retailer Best Buy is making a foray into Europe. The company agreed on May 7 to buy half of UK mobile phone and telecom company Carphone Warehouse's retail business, for GBP1.1bn (US$2.2bn).
2008-05-09United States / Finance
German telecoms incumbent Deutsche Telekom is reported to be considering a bid for troubled US mobile operator Sprint Nextel, following rumours that the Nextel unit of the company...
2008-05-07United States / Finance
After twelve weeks of negotiating and three rejected bids, Microsoft finally decided that it had had enough and abandoned its ambitious bid to acquire Yahoo. The announcement followed...
2008-05-07Closing Bell
United States
US non-financials are clearly still at risk from further economic downturn and its negative effect on consumer spending. This week the US' second-largest retailer Home Depot announced...
2008-05-02United States
As we go to press, stocks are enjoying a strong end-of-week recovery, after American Express, the largest US credit card lender yesterday reported Q108 earnings that were ahead of...
2008-04-25United States
A quintupling of the offer for Bear Stearns by JP Morgan , with continued backing from the Fed to the tune of US$29bn, was a brief positive for the Dow Jones equity index last week....
2008-03-28United States
Volatility is again the watchword for the US equity markets. Last week saw 400 point gains followed by 300 point losses for the Dow Jones index, as investors initially took comfort...
2008-03-20United States
On April 29 Citigroup Inc tapped up the market again for the second time in nine days, when it raised US$4.5bn in a sale of common stock, 50% more than the US$3bn it originally planned...
2008-05-02United States
Warburg Pincus, a New York-based private equity group, announced April 22 that it raised US$15bn for its new global fund. The amount surpassed its plan to raise US$12bn for the fund,...
2008-04-25United States
As the US mortgage market shows no sign of revival, Ambac Financial Group, along with other bond insurers, continues to suffer. After struggling to raise capital in March, on April...
2008-04-25United States
Wachovia- the fourth-largest US bank as measured by assets, and the fifth as measures by market value - is the latest financial institution to seek additional capital to shore up...
2008-04-18On April 29 Citigroup Inc tapped up the market again for the second time in nine days, when it raised US$4.5bn in a sale of common stock, 50% more than the US$3bn it originally planned...
2008-05-05United States
Connecticut-based First Reserve Corp announced April 28 that it plans to invest US$940mn in renewable energy over the next four years in Europe. The news follows the completion of...
2008-05-02United States
Following a report on first quarter profits of US$771mn (21 cents a share), broadly in line with Wall Street expectations, Time Warner Inc. announced plans to completely separate...
2008-05-02United States
New York-based Marsh & McLennan Cos (MMC) may be considering spinning-off its risk consultancy unit Kroll. It has been reported that BC Partners, a UK private equity firm, has...
2008-05-02United States
US big-box retailer Best Buy is making a foray into Europe. The company agreed on May 7 to buy half of UK mobile phone and telecom company Carphone Warehouse's retail business,...
2008-05-09United States
German telecoms incumbent Deutsche Telekom is reported to be considering a bid for troubled US mobile operator Sprint Nextel, following rumours that the Nextel unit of the company...
2008-05-07Canada
Calgary, Canada-based Agrium, the world's fourth-largest fertiliser producer, has completed the acquisition of UAP Holding Corp after agreeing to the US Federal Trade Commission's...
2008-05-07Canada
Citigroup and State Street Corp have agreed to sell their joint venture CitiStreet to Dutch Bank ING for US$900mn. CitiStreet, based in Quincy, Massachusetts, is a benefits recordkeeping...
2008-05-07United States
With so few major private equity deals going through, and so many hitting the buffers, the timing of the launch of JPMorgan's new DealVault product could be better. It certainly couldn't...
2008-04-07United States
With LBO financing looking as dismal as ever, The Blackstone Group seems to be expanding its investment in real estate. Blackstone, which runs the world's largest buyout fund, closed...
2008-04-04United States
The slow-motion car crash that is the Clear Channel buy-out rumbles on without any obvious indication of how or when it will end. The latest dramatic move in the deal between the...
2008-03-28United States
Consumer electronics retailer Best Buy has revealed it is to put together an in-house venture capital firm, Best Buy Capital, to search out and invest in new technology as it comes...
2008-03-20United States
After twelve weeks of negotiating and three rejected bids, Microsoft finally decided that it had had enough and abandoned its ambitious bid to acquire Yahoo. The announcement followed...
2008-05-07United States
Continental Airlines ended merger talks with United Airlines on April 27. Continental's board stated that the risks outweighed the benefits, while it is reported that sources said...
2008-05-02United States
US confectionary group Mars has teamed up with billionaire investor Warren Buffett to make a US$23bn bid for chewing gum manufacturer Wrigley in a move which could trigger a reaction...
2008-05-01United States
It has been a bleak year so far for IPOs - so bleak, in fact, that it has taken a fertilizer company to provide some fuel to the fire. Investors seeking to take advantage of the ongoing...
2008-04-25
