Archive for December 5th, 2012

George Osbourne

UK chancellor confirms lower expectations for economic growth

The UK economy is now expected to contract by 0.1% in 2012 and then grow by 1.2% in 2013, the Office for Budget Responsibility announced today. This is a significant downgrade from predictions made by the OBR in March, when […]

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Korean Air

Czech government in talks to sell flag carrier Ceske Aerolinie

The Czech government is holding early-stage discussions with Korean Air Lines Co Ltd (KRX:003490) and Qatar Airways about the sale of troubled flag carrier Ceske Aerolinie AS, known as

Philip Green

Philip Green considers selling a stake in retailer Topshop — report

UK businessman Philip Green is reportedly negotiating the sale of a non-controlling stake in local clothing retailers Topshop and Topman with a US buyout firm, Reuters reported, citing

Xmas Direct - Covent Garden

Consumers tighten belts this Christmas season

Despite all the mince pies and sherries, the average UK citizen will be tightening their belt instead of loosening it this Christmas. Food and drink prices continue to

Intertrust is headquartered in Geneva

Blackstone to acquire Intertrust from Dutch sponsor Waterland

US buyout firm The Blackstone Group LP (NYSE:BX) has entered into an agreement to acquire trust and corporate services provider Intertrust Group Holding SA from Dutch investor Waterland


HSBC agrees to sell stake in Chinese insurer Ping An to Thailand’s Charoen in $9.4bn deal

British banking and financial services group HSBC Holdings Plc (LON:HSBA) on Wednesday announced a HKD72.74bn (USD9.4bn/EUR7.2bn) agreement for the sale of its 15.57% in Chinese insurer Ping An

Wi Fi

US sponsor Sun Capital acquires Polycom’s enterprise wireless communications unit

US private equity group Sun Capital Partners Inc said one of its affiliates had wrapped up the USD110m (EUR84m) purchase of US communications equipment provider Polycom Inc's (NASDAQ:PLCM)

Telus launches $65 million Rimouski Internet data centre

Telus (TSX: T) (NYSE: TU) said it has opened its new $65 million Intelligent Internet Data Centre in Rimouski, announcing that it will invest an additional $13 million

Super Micro shows off ‘Hyper-Speed’ servers at trade show

Super Micro Computer, Inc. (NASDAQ: SMCI) said it has debuted a new line of ultra high performance "Hyper-Speed" servers at High Frequency Trading World, New York.

These new 2U

SkyBitz reports new GPS satellite launch

Telular Corp. (NASDAQ: WRLS) subsidiary SkyBitz reported the launching of the Falcon Series GXT100, a new global positioning satellite for 3G/4G cellular networks with seamless North American coverage.


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