Julius Baer buys ING's Swiss subsidiary for $505 million in cashOctober 7th, 2009 Julius Baer buys ING's Swiss subsidiary for $505MZURICH — Julius Baer, Switzerland's largest private bank, said Wednesday it is buying the Swiss subsidiary of Dutch bank ING for 520 million Swiss francs ($505 million) in cash. Analysts at Bank Vontobel welcomed the deal, noting that the purchase price for the ING unit was "attractive." Shares in Julius Baer rose 2.4 percent to 40.14 francs ($39.07) on the Zurich exchange.
Circuit-board makers Merix Corp. and Viasystems Group to mergeOctober 6th, 2009 Merix Corp. to merge with Viasystems GroupBEAVERTON, Ore. — Circuit-board maker Merix Corp., of Beaverton, Ore., will merge with Viasystems Group Inc., a St.
RBC Bank, US subsidiary of Royal Bank of Canada, says CEO Scott Custer to retireOctober 1st, 2009 CEO of NC-based RBC Bank to retire next monthRALEIGH, N.C. — The chief executive of North Carolina-based RBC Bank is retiring.
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.
Germany's Commerzbank sells Swiss subsidiary to Vontobel GroupJuly 30th, 2009 Commerzbank sells Swiss subsidiaryFRANKFURT — Germany's Commerzbank AG said Thursday that it is selling a Swiss subsidiary which specializes in private banking to Vontobel Group of Switzerland. Financial details of the sale of Commerzbank (Switzerland) were not disclosed.
Kohlberg Kravis Roberts to merge with European arm, keep Amsterdam stock listingJuly 20th, 2009 Kohlberg Kravis Roberts to merge with European armAMSTERDAM — Kohlberg Kravis Roberts, the private equity firm, said Monday it plans to merge with its European arm and keep its Dutch stock market listing, abandoning plans for a U.S. initial public offering for the time being.
GMAC declares dividends on preferred stock issued to both Treasury and a subsidiaryJuly 14th, 2009 GMAC declares dividends on preferred stockDETROIT — GMAC Financial Services says it declared quarterly dividend payments on preferred stock issued to the federal government and to its own subsidiary, Preferred Blocker Inc. The dividends were declared on Monday and are payable on Aug.
Morgan Stanley, Mitsubishi UFJ to form 50-50 corporate financing joint ventureJuly 1st, 2009 Morgan Stanley, Mitsubishi UFJ to form finance JVTOKYO — Mitsubishi UFJ, Japan's largest bank, and Morgan Stanley said Wednesday they will form a joint venture to pursue corporate financing business in the U.S., Canada and Latin America. Mitsubishi UFJ is eager to expand its reach overseas and took a major step late last year, when it paid $9 billion for a 21 percent stake in Morgan Stanley.
Japan's Shinsei and Aozora Banks agree to mergeJuly 1st, 2009 Japan's Shinsei and Aozora Banks agree to mergeTOKYO — Japan's Shinsei Bank Ltd. and Aozora Bank Ltd.
Management consulting companies Towers Perrin and Watson Wyatt to merge in $3.5B stock dealJune 28th, 2009 Consulting firms Towers Perrin, Watson Wyatt mergeSTAMFORD, Conn. — Management consulting firms Towers, Perrin, Forster & Crosby Inc.
SLM, Carnival, Discover, E-Trade, Exelon, Lions Gate are among big market movers ThursdayJune 18th, 2009 SLM, Carnival, Discover, E-Trade are big moversNEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
SLM Corp., up 42 cents at $8.11
The Department of Education chose the country's biggest student lender as one of the servicers of its loans to college students. Carnival Corp., up $1.72 at $24.77
The cruise ship company cut its forecast because of rising fuel costs, but said booking volumes have picked up strongly for the year.
DLF promoters to sell 10 percent stake in companyMay 13th, 2009 MUMBAI - Realty major DLF announced Wednesday its promoters would sell close to 168 million shares or about 10 percent of their stake in the company to infuse capital in its subsidiary DLF Assets Ltd (DAL). The company which would hope to raise about Rs.39.7 billion as per the scrip's Tuesday's closing price of Rs.236.25 at the Bombay Stock Exchange also said that the money would be used to buy out D.E Shaw's stake in DAL.
Hollywood talent agency William Morris votes to merge with rival Endeavor amid recessionApril 28th, 2009 Hollywood agencies William Morris, Endeavor mergeLOS ANGELES — Two of Hollywood's biggest talent agencies are merging. The 111-year-old William Morris Agency said Monday it will merge with upstart Endeavor, a 14-year-old agency cofounded by Ari Emanuel.
NEC Electronics, Renesas to merge, form world's No. 3 microchip makerApril 27th, 2009 NEC Electronics, Renesas to merge chip businessesTOKYO — NEC Electronics Corp. and Renesas Technology Corp.
Mukesh Ambani's two Reliance companies to mergeFebruary 28th, 2009 MUMBAI - The $34.5-billion Reliance Industries, India's largest private sector company, Friday announced that it will consider a proposal next week to merge another group company into itself to bring in operational efficiency. The Mukesh Ambani-controlled Reliance Industries and its oil refining and export-oriented subsidiary Reliance Petroleum, have both informed the stock exchanges of their boards' agenda to consider the merger.
Loading ...