Report: ExxonMobil buys Kosmos Energy's stake in oil field off GhanaOctober 6th, 2009 Report: ExxonMobil buys stake in African oil fieldCOLUMBUS, Ohio — ExxonMobil has bought Kosmos Energy's stake in oil blocks offshore the West African country of Ghana in an area that contains huge crude discoveries, The Wall Street Journal reported Tuesday. The deal would be the first by one of the world's largest oil companies in the area, the newspaper said, citing a person familiar with the matter.
Singapore sovereign wealth fund cuts its stake in Citigroup to below 5 percent from 9 percentSeptember 22nd, 2009 Singapore cuts ownership stake in CitigroupNEW YORK — A Singapore sovereign wealth fund cut its stake in Citigroup Inc. to below 5 percent from 9 percent on Tuesday, reducing its ownership to the level planned before a recent debt exchange.
Plains All American completes public offering, to use $494M proceeds to pay borrowingsSeptember 4th, 2009 Plains All American completes $500M offeringHOUSTON — Plains All American Pipeline LP said Friday it received $494 million in net proceeds from a recent offering of senior unsecured notes. The crude oil transporter said it completed a public offering of $500 million on principle amount of 5.75 percent senior unsecured notes due January 15, 2020.
Time Warner buys back AOL stake from Google for $283M, giving AOL market value of about $5.5BJuly 28th, 2009 Time Warner buys back AOL stake from GoogleSAN FRANCISCO — Time Warner Inc. bought back Google Inc.'s 5 percent stake in struggling Internet company AOL LLC for $283 million, according to a regulatory filing by AOL on Monday.
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.
EMC takes majority stake in Data Domain after outbidding NetAppJuly 20th, 2009 EMC takes majority stake in Data DomainHOPKINTON, Mass. — Data storage company EMC Corp.
AIG to sell consumer finance unit in Colombia in latest move to trim operations, raise cashJuly 1st, 2009 AIG to sell consumer finance unit in ColombiaNEW YORK — American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances.
Jones Apparel Group buys additional 15 percent stake in GRI Group for $15 millionJune 24th, 2009 Jones Apparel Group raises stake in GRI GroupNEW YORK — Jones Apparel Group Inc. said Wednesday that it purchased an additional 15 percent stake in licensee GRI Group Ltd.
Republican lawmakers press for deadline to end government stake in GM, ChryslerJune 11th, 2009 Senators seek deadline for stake in GM, ChryslerWASHINGTON — Republicans want the Obama administration to set a deadline for the government to sell its ownership stakes in General Motors Corp., Chrysler LLC and financial institutions. South Dakota Sen.
UPS buys delivery firm in Slovenia; Purchase price not disclosedJune 2nd, 2009 UPS buys delivery firm in SloveniaATLANTA — UPS Inc., the world's largest shipping carrier, says it has acquired a unit of a European firm that has been its middleman for small package delivery in Slovenia for 18 years. Terms of the Atlanta-based company's purchase of a unit of Intereuropa Globalni Logisticni Servis were not disclosed Tuesday.
Britannia buys out partner in New Zealand dairy unitApril 28th, 2009 MUMBAI - Biscuit major Britannia has bought out its partner Fonterra's 49 percent stake in their joint venture in New Zealand, Britannia New Zealand Foods, the company said in a regulatory statement Tuesday. Britannia had set up a dairy business with Fonterra Cooperative Group, one of New Zealand's largest dairy companies, in 2002.
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.
Telenor to have greater stake in Unitech WirelessMarch 17th, 2009 MUMBAI - Norwegian telecom major Telenor Tuesday said it will take 67.25 percent stake in Unitech Wireless, up from the previously stated 60 percent, for Rs.61.2 billion investment. 'While Telenor's initial investment under the agreement will continue to be the previously agreed Rs.61.2 billion ($1.2 billion), it has been agreed that Telenor, after this investment, would be holding 67.25 percent in Unitech Wireless,' Unitech said in a regulatory filing.
Citigroup approaches US government for bigger stakeFebruary 24th, 2009 NEW YORK - Troubled American financial giant Citigroup is in talks with the US government for it to take a larger stake in the company, the Wall Street Journal (WSJ) reported Monday. The bank, one of the largest financial institutions in the world, received a government cash injection of $45 billion last year, but is now seeking more state assistance in return for between 25 percent and 40 percent of the firm, the paper cited bank insiders as saying.
Quippo buys 49 percent in Tata Teleservices subsidiaryJanuary 4th, 2009 NEW DELHI - Quippo Telecom Infrastructure Ltd (QTIL) has picked up a 49 percent stake in Wireless Tata Telecom Infrastructure (WTTL), Tata Teleservices' tower arm, a company official said Monday. Despite a minority stake, Kolkata-based QTIL will have management control in the firm, the official said on condition of anonymity.