Citi plans sale of private equity unit: report
NEW YORK (Reuters) – Citigroup Inc plans to sell or spin-off its $10 billion Citi Private Equity unit in order to cut its debt, Bloomberg reported on Sunday, citing people familiar with the matter.
GSK set to axe 4,000 jobs in United States, Europe: report
(ChinaPost.com.tw) – British pharmaceuticals giant, GlaxoSmithKline, is to cut up to 4,000 more jobs as it restructures its workforce and focuses increasingly on emerging markets, The Sunday Times reported.
Suppliers that don’t manage CO2 could lose clients
LONDON (Reuters) – Suppliers that fail to manage their greenhouse gas emissions could lose clients, said a report published on Monday.
UK has to move beyond carbon cuts to stay competitive
LONDON (Reuters) – Britain needs to focus on more than just carbon dioxide emission cuts and manage its water, waste and food resources better to remain competitive, a report by the Aldersgate Group said on Monday. The group is a coalition of businesse…
Disney looking to sell Miramax unit: report
NEW YORK (Reuters) – Walt Disney Co is looking to sell what is left of its Miramax film unit, which could bring in more than $700 million, The New York Times reported on Sunday, citing a mergers and acquisitions expert with knowledge of the process.
DP World mulls $884 million IPO of Australian unit
SYDNEY (Reuters) – Port operator DP World, part of Dubai World conglomerate, is considering a A$1 billion ($884 million) initial public offering (IPO) by spinning off some of its Australian assets, a media report said on Monday.
Yucheng Technologies Earnings: Must See for China Investors
Jason Shade submits: Yucheng Technologies Inc. (YTEC) (3.55), saw its stock price cut in half following its dismal earnings report Friday. The provider of IT services and software solutions to the Chinese banking sector missed on both revenues and e…
Business & Bullion Weekly Report – Jan. 30, 2010
Bullion prices fell this week, with gold and silver marking a second consecutive monthly decline in both New York and London. Gold’s fall has been driven significantly by a rising US dollar, which has climbed 2 percent against other world currencies…
Brazil’s Braskem may buy Sunoco assets: report
SAO PAULO (Reuters) – Braskem , Latin America’s largest petrochemical company, may unveil as soon as Monday the purchase of U.S.-based Sunoco Inc.’s petrochemical assets for about $400 million, O Estado de S.Paulo newspaper reported on Saturday, witho…
Abu Dhabi to attract $12 bn capital investments
Abu Dhabi will attract new capital investments worth more than 45 billion dirhams (about $12 billion) over the next five years, WAM news agency said citing an official report.