Harbinger Capital cuts stake in New York Times Co. to 16.4 pct, calls company a 'core holding'September 22nd, 2009 Hedge fund sells part of its New York Times stockNEW YORK — Harbinger Capital Partners LLC says it has sold part of its 20 percent stake in The New York Times Co., but still considers the company a core holding. The hedge fund said in a securities filing this week that it sold 5 million Times shares at $8.25 each.
Singapore sovereign wealth fund cuts stake in Citigroup below 5 percentSeptember 22nd, 2009 Singapore cuts Citigroup stake to below 5 percentSINGAPORE — A Singapore sovereign wealth fund has cut its stake in Citigroup Inc. from 9 percent to below 5 percent, realizing a $1.6 billion profit as it reduced its holding to the level planned before a recent exchange of preferred stock.
News Corp boosts stake in German pay TV company Sky Deutschland to nearly 40 percentAugust 5th, 2009 News Corp boosts stake in Sky DeutschlandNEW YORK — News Corp., the media conglomerate controlled by Rupert Murdoch, has boosted its stake in German pay TV company Sky Deutschland AG to 39.96 percent. Sky Deutschland was formerly known as Premiere AG.
Alcoa closes deal to buy Billiton metals refining stake in SurinameJuly 31st, 2009 Alcoa completes deal for Billiton Suriname stakeNEW YORK — Aluminum producer Alcoa said Friday that it has closed a deal to buy Australia-based BHP Billiton's bauxite and alumina refining operations in Suriname. Terms of the deal, which was first announced in April, were not announced.
Hearst Corp. buys another 20 percent stake in Fitch Group for $427 millionJuly 24th, 2009 Hearst buys added 20 pct stake in Fitch for $427MNEW YORK — Hearst Corp. is buying an additional 20 percent stake in Fitch Group for $427 million.
Porsche confirms exclusive talks with Qatar investment fundJune 10th, 2009 Porsche confirms investment talks with QatarBERLIN — Porsche is in exclusive talks with a Qatar state investment fund looking to take a stake in the German sports carmaker, a spokesman confirmed Wednesday. Porsche Automobil Holding SE spokesman Albrecht Bamler would not disclose specifics, but said that "the talks are taking place in a good atmosphere."
Stuttgart-based Porsche owns nearly 51 percent of Volkswagen but ran up debt as it increased its stake.
Telenor acquires 49 percent stake in Unitech WirelessMay 20th, 2009 MUMBAI - Norway's Telenor has acquired another 15.5 percent stake in Unitech Wireless, the telecom arm of realty major Unitech, for Rs.1,130 crore (Rs.11.3 billion/$237 million), taking its shareholding in the Indian company to 49 percent, it was announced Wednesday. 'Unitech Wireless on May 19, 2009, received an amount of Rs.1,130 crore in aggregate from Telenor Asia Pte Ltd for acquisition of further 15.5 percent stake in Unitech Wireless by way of issuance of fresh shares,' the Indian telecom operator said in a regulatory statement.
DLF promoters sell 10 percent stake for Rs.38.6 bnMay 13th, 2009 MUMBAI - Strapped for cash, Delhi-based realty major DLF Wednesday said its promoters have sold a 10 percent stake in the firm for Rs.3,860 crore (Rs.38.6 billion) to meet their contractual obligations and infuse money into another subsidiary. Founded by Kushal Pal Singh, the promoters of the company may also use the proceeds for buying the stake held by technology investment firm D.E.
Red Sox owners deny reports they might buy Boston Globe from New York Times Co.April 30th, 2009 Red Sox owners say no interest in Boston GlobeBOSTON — The owners of the Boston Red Sox are denying reports that they might try to buy the struggling Boston Globe. The team released a statement Thursday that said neither owners John Henry and Tom Werner nor any other affiliates of the Red Sox were involved in efforts to buy the newspaper.
The top 25 US newspapers for Oct.-March periodApril 27th, 2009 The top 25 US newspapers for Oct.-March periodThe top 25 U.S. newspapers by average weekday and Sunday circulation from October through March.
Safran to buy majority stake in GE Security's homeland protection business for $580MApril 24th, 2009 Safran to buy 81pct stake in GE Security unitNEWARK, Calif. — French aerospace and defense manufacturer Safran Group has agreed to buy an 81 percent stake in GE Security Inc.'s homeland protection business for $580 million.
AP Source: US asks Chrysler lenders to forgive $5.4B in debt in return for 5 percent stakeApril 23rd, 2009 AP Source: New offer made to Chrysler lendersNEW YORK — A person familiar with the matter says the Treasury Department has made a new offer to Chrysler LLC's creditors. The Treasury is asking banks and hedge funds that hold $6.9 billion in debt to forgive $5.4 billion in exchange for a 5 percent stake in a Chrysler-Fiat alliance.
Irish publisher to sell stake in Dainik Jagran: reportApril 19th, 2009 LONDON - Independent News & Media (INM) may consider a sale of its investment in Dainik Jagran, one of India's largest circulated dailies, the Sunday Times reported. The Irish publisher is understood to have held discussions with the 'founding family behind Dainik Jagran' about selling back its stake, the paper said.
Springsteen's 'romance' with NJ woman was 'talk of town'April 12th, 2009 NEW YORK - Bruce Springsteen's alleged romance with a New Jersey woman had not gone unnoticed amongst townspeople, according to a source. The rocker was accused of cheating on his wife with Ann Kelly whose marriage is now headed for divorce.
Sterling Projects raises stake in Arihant FoundationsMarch 13th, 2009 CHENNAI - City-based Sterling Projects and Engineering Ltd and one of its promoters, S. Jayalakshmi, have increased their combined stake in the Rs.2.13-billion real estate company Arihant Foundations and Housing to 7.37 percent.