Archive for December 4th, 2012


Media giant News Corp to acquire sports TV channel SportsTime Ohio — report

US media group News Corp (NASDAQ:NWSA) may unveil an agreement this week to acquire sports TV channel SportsTime Ohio from the Cleveland Indians baseball team for USD230m (EUR175.8m), Reuters reported today quoting unnamed sources. The transaction, if successful, will be […]

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Bourse operator NYSE Euronext cuts stake in Qatar Exchange

NYSE Euronext (NYSE:NYX) has sold 8% in the Qatar stock exchange to Qatar Holding, the investment unit of the country's sovereign wealth fund, cutting its stake in the

Big Ben

UK economy to shrink less than expected in 2012, says BCC

The British Chambers of Commerce (BCC) has released a more optimistic view of the UK's economic performance for 2012, but still expects the economy to shrink. In its first


German utility E.ON to acquire Verbund’s stake in Turkish Enerjisa Enerji

German energy group E.ON AG (ETR:EOAN) said today it had sealed a definitive deal to buy Austrian utility Verbund AG's (WBAG:VER) 50% stake in the Turkish joint

United Airlines

United Airlines sees best monthly on-time record November

Chicago, USA-based carrier United Airlines (NYSE: UAL) said it delivered its best monthly on-time performance for 2012 in November despite the continued impact of Superstorm Sandy and the Nor'easter that followed with 85.5% of


North American aviation market bounced back in 2011 after underperforming since 2008

The North American aviation market was adversely affected by economic recession, periods of declining passenger traffic and high oil prices, which resulted in underperformance during 2008-2010, a new

Indian business exhibition

UK’s ITE acquires stake in Indian exhibition group ABEC from Qatar’s QInvest

UK trade exhibitions specialist ITE Group Plc (LON:ITE) said on Tuesday it had bought a 28.3% stake in Asian Business Exhibitions & Conferences Ltd (ABEC) of India from


Dutch brewer Heineken launches mandatory bid for rest of APB shares

Dutch brewer Heineken NV (AMS:HEIA) has kicked off a mandatory unconditional cash

BBVA Building

Oriental secures regulatory clearance for acquisition of BBVA’s Puerto Rican operations

Puerto Rican financial holding company Oriental Financial Group Inc (NYSE:OFG) said it had secured all needed regulatory approvals to acquire the local operations of Spanish lender

Dexia Bank

Belgia’s Dexia to sell asset management business to Hong Kong sponsor GCS

Belgian lender Dexia SA (EBR:DEXB) on Tuesday unveiled exclusive talks for the disposal of its Dexia Asset Management business to Hong Kong-based private equity firm GCS Capital. The financial

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