Archive for August 7th, 2012

Du Pont car paint

Sponsor Carlyle in talks to acquire Du Pont unit in $4.5bn deal

US alternative asset manager Carlyle Group LP (NASDAQ:CG) is nearing USD4.5bn (EUR3.6bn) deal to buy the performance coatings unit of US chemicals giant E I Du Pont De Nemours & Co (NYSE:DD), or DuPont, Reuters said citing knowledgeable sources. The […]

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Gatwick Airport on a rainy afternoon

Tesco unveils virtual supermarket at Gatwick Airport

UK-based supermarket chain Tesco plc (LSE:TSCO) has opened a "virtual grocery store" in a two-week trial at London's Gatwick Airport. The company said today that the new store would

Standard Chartered accused of money laundering for Iranian clients

Standard Chartered shares plummet after money laundering allegations

Banking group Standard Chartered plc (LSE:STAN) has seen its share price fall around 24% today after US regulators accused the institution of hiding 60,000 secret transactions for financial

Huawei

The rapid rise of China’s telecoms giant Huawei causes concern — report

Huawei is not yet a household name in the UK – for one thing, there is confusion over how to pronounce it – but the Chinese telecommunications giant

Saab manufactured military aircraft

Swedish defence group Saab tables offer for air-traffic firm Hitt NV

Sweden-based aerospace and defence major Saab AB (STO:SAAB B) has made a EUR6.60 (USD8.18) per share public cash offer for Dutch sea and air-traffic control solutions firm Hitt

S&B has two membership stores in Munich

AXA Private Equity invests in German fashion retailer Schustermann & Borenstein

AXA Private Equity, the private equity arm of French insurer AXA SA (EPA:CS), said it was taking a stake in German retail fashion firm Schustermann & Borenstein GmbH

Bleachers

Turner Broadcasting acquires sports content firm Bleacher Report

Turner Broadcasting System Inc (NYSE:TWX), part of of US media and entertainment group Time Warner Inc (NYSE:TWX), said it had purchased online sports media content provider Bleacher Report

Gas pipeline

US gas pipeline operator Kinder Morgan sells assets in $6.22bn deal

US natural gas pipeline operator Kinder Morgan Inc (NYSE:KMI) is selling full control of Tennessee Gas Pipeline (TGP) and 50% in El Paso Natural Gas (EPNG) to Kinder

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