In The News

Phoenix, Arizona-based Honeywell Aerospace announced on June 9 that it will sell Consumables Solutions, its fastener distribution unit, to B/E Aerospace. The divesture comes as Honeywell's... 2008-06-13

Shares in Lehman Brothers fell further this week to a five-year low of US$27.50 on June 10 after they pre-announced Q208 losses of US$2.8bn. This was despite raising US$6bn in capital... 2008-06-12

St. Louis based Anheuser-Busch confirmed on June 11 that it has received an unsolicited US$46.4bn takeover bid from Belgium's InBev. There had been constant speculation that InBev,... 2008-06-12

Indonesia's stock market has a strong IPO pipeline. PT Indika Energy, an energy conglomerate which raised US$300mn debuted on June 11 at INR3,300 (US$0.35) and proceeded to jump 12%... 2008-06-12

General Motors (GM) announced on June 3 that it will halt production in four of its North American factories which produce sport utility vehicles (SUV) and pickup trucks by 2010.... 2008-06-06

France's pharmaceutical company Ipsen has agreed to pay US$404mn for the remaining stake it does not already own in its US partner Tercica to gain a larger foothold in the endocrinology... 2008-06-06

The long delayed sale of a 51% stake in Turkey's Petkim Petrokimya Holding (Petkim) was completed on May 30. The controlling stake was bought by a consortium led by Azerbaijan's state... 2008-06-06

Nucor Corporation, based in Charlotte, North Carolina, is expected to continue its fund raising this week, by tapping the capital debt markets for US$1bn. This follows the steel-maker's... 2008-05-30

US chemicals company Chemtura may have attracted the interest of private equity firms Blackstone Group and Apollo Management, The Financial Times has reported. The possible acquisition,... 2008-05-30

Israel's largest bank, Bank Hapoalim, said on Thursday it will be issuing almost US$2.7bn in a variety of subordinated debt over the next few years. The bank, which has been harder... 2008-05-29