Mexican inspectors find at least $5 million hidden in fertilizer shipment bound for ColombiaSeptember 11th, 2009 Mexico police find over $5 million cash in cargoMEXICO CITY — Mexican authorities say they have found at least $5 million hidden in a shipment of ammonium sulfate at a Pacific coast port, and are still counting the cash. Authorities earlier said the estimated amount was at least $5.4 million.
Mexican inspectors find at least $5.4 million hidden in fertilizer shipment bound for ColombiaSeptember 11th, 2009 Mexico police find over $5.4 million cash in cargoMEXICO CITY — Mexican authorities say they have found at least $5.4 million hidden in a shipment of ammonium sulfate at a Pacific coast port, and are still counting the cash. The Mexican navy says the bundles of cash were hidden in large sacks of the granular chemical, most commonly used as a fertilizer.
NYSE Euronext in talks with brokers over sale of "significant" stake in NYSE Amex options unitSeptember 9th, 2009 NYSE Euronext to sell stake in Amex options unitPARIS — NYSE Euronext Inc. said Wednesday that it plans to sell a "significant" stake in its NYSE Amex options unit to seven Wall Street brokers.
Colombian customs officials seize over $11 million in cash, call it biggest such bust at portSeptember 9th, 2009 Colombia seizes $11M cash from shipping containerBOGOTA — Colombian customs agents say they seized $11.3 million in cash from a shipping container in the nation's largest cargo port. National customs director Nestor Diaz says it is the most cash ever seized by police at a port in Colombia, which is a major source of cocaine trafficking.
UAE sets up public debt management unitSeptember 7th, 2009 ABU DHABI - The United Arab Emirates (UAE) finance ministry has set up a special unit to manage public debt, WAM news agency reported Monday. The Public Debt Management Unit will, among other things, be responsible for the development of strategies for debt and risk management and refer these strategies to the cabinet.
Analyst lifts Las Vegas Sands price target after company amends credit agreementAugust 14th, 2009 Analyst increases Las Vegas Sands price targetNEW YORK — An analyst boosted Las Vegas Sands Corp.'s price target Friday after the casino operator reworked a credit agreement so that it could potentially sell a minority stake in its Macau operations to raise cash. Thursday, the Sheldon Adelson-led Las Vegas Sands said the amended Macau facility would improve its financial flexibility.
Sands reworks credit line to allow sale of interest in Macau operations, add liquidityAugust 13th, 2009 Sands reworks credit deal to allow Macau saleLAS VEGAS — Casino operator Las Vegas Sands Corp. says it has reworked a credit agreement in a way that would let it sell a minority interest in its Macau operations to raise cash.
Areva to sell transmission and development unit; French government to sell part of its stakeJune 30th, 2009 Areva to sell transmission division to raise cashNEW YORK — Nuclear power giant Areva said Tuesday it would sell its transmission and development division in a bid to raise cash to shore up its balance sheet and fund future investments. Paris-based Areva, the world's largest nuclear reactor builder, bought the division for about 920 million euros in 2004 from French power provider Alstom.
GM signs deal to sell Swedish Saab unit to luxury sports carmaker KoenigseggJune 16th, 2009 GM agrees to sell Swedish Saab unit to KoenigseggSTOCKHOLM — General Motors Corp. on Tuesday said it has signed a deal to sell its Saab unit to a consortium led by Swedish luxury sports carmaker Koenigsegg Automotive AB.
AIG prices secondary public offering of Transatlantic shares; $988 million in proceeds seenJune 5th, 2009 AIG prices secondary offer of Transatlantic sharesNEW YORK — American International Group Inc. said late Thursday it priced a secondary public offering of 26 million shares of Transatlantic Holdings Inc.
Bank of America sells $7.3 billion stake in China Construction BankMay 14th, 2009 BofA sells $7.3B stake in China Construction BankCHARLOTTE, N.C. — Bank of America Corp.
DLF profit down 93 percent, to sell wind power unitMay 1st, 2009 NEW DELHI - Hit by severe cash crunch, realty major DLF Ltd has decided to sell its wind power business to raise funds even as the company's net profit in the January-March quarter crashed 93 percent. DLF, based here, Friday said in a regulatory statement that its net profit dropped to Rs.159 crore ($31.8 million) in the last quarter from Rs.2,177 crore ($441 million) in the like period last year.
Banking group Sumitomo Mitsui to buy Citigroup's Japan brokerage unit for $5.6 billionMay 1st, 2009 Sumitomo Mitsui to buy brokerage from CitigroupTOKYO — Sumitomo Mitsui is taking over Citigroup's Japan brokerage businesses, both sides said Friday, as part of a bigger plan to restructure the struggling U.S. bank. The deal is Japan's first acquisition of a leading brokerage by a bank.
India Equity Partners eyeing buyout of small firmsFebruary 8th, 2009 KOLKATA - Private equity firm India Equity Partners is in talks with cash-strapped business houses to buy out some of their smaller group companies, a top company official said here Monday. Co-founder and managing director Gaurav Mathur said several business, which are finding it increasingly difficult to raise funds for core operations, are now willing to sell off majority stake in some group companies.
Birla lays off employees at auto trim unitJanuary 5th, 2009 MUMBAI - Conglomerate Birla Corp Tuesday announced it had decided to lay off employees at the company's Birlapur auto trim division. In a regulatory statement, the company said the decision was taken on account of shortage of power.
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