SALE

Brown to announce £3 billion asset sale

IBTimes Logo
Prime Minister Gordon Brown plans to detail a sale of government assets on Monday aimed at raising 3 billion pounds, a draft of a speech provided by his office showed on Sunday.
More news
IBTimes Logo

CORRECTED: U.S. Prudential mulls sale of South Korean units

Prudential Financial Inc may sell its investment and fund management businesses in South Korea, a deal which could fetch about $850 million and could trigger a wave of consolidation in the country's brokerage and asset management sectors, where more than 100 companies compete.
IBTimes Logo

Citi closes sale of Nikko Cordial to SMFG

Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group, one more step in the U.S. bank's plans to shed non-core assets.
IBTimes Logo

GM to close Saturn as sale to Penske collapses

General Motors Co will close Saturn and wind down its dealership network after a deal to sell the faltering brand to Penske Automotive Group collapsed, the automaker said on Wednesday.
IBTimes Logo

Citi closes $8.7 billion sale of Nikko Cordial

Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group , one more step in the U.S. bank's plans to recoup losses from the financial crisis.
IBTimes Logo

Nycomed may up Solvay bid as sale decision looms

Nycomed, the private equity-owned Swiss drugmaker, is looking at sweetening its bid for Solvay's drugs unit with the Belgian chemical and drug maker's board set to meet to decide on the unit's future.
IBTimes Logo

GM CEO sees modest U.S. auto sale recovery

The U.S. car market should see a modest recovery in 2010, with sales possibly reaching between 11.5 million and 12 million vehicles, General Motors Co Chief Executive Fritz Henderson said on Thursday.
IBTimes Logo

Canwest shares leap on news of Network Ten sale

Shares of Canwest Global Communications Corp, Canada's biggest media company, jumped more than 75 percent on Thursday after it announced it would sell its stake in Australia's Network Ten television network for more than C$630 million ($578 million).
IBTimes Logo

Bankruptcy court clears the way for sale of Cubs

The Tribune Co received federal court approval on Thursday to sell the Chicago Cubs baseball team to the Ricketts family for $845 million, part of the bankrupt media company's effort to restructure.
IBTimes Logo

Hummer headquarters to be in Michigan after sale

Hummer plans to invest $9.4 million over five years and take advantage of tax credits to set up a Michigan headquarters after China's Tengzhong acquires the brand from General Motors Co, a Hummer spokesman said on Tuesday.
IBTimes Logo

Path to any NBC Universal sale full of roadblocks

French media company Vivendi SA will decide whether to unload its 20 percent stake in NBC Universal by early December, setting the stage for a sale that may draw far more headlines than bidders.
IBTimes Logo

Swiss J.Baer says open to discussions on ING sale

Julius Baer has looked at the private banking assets Dutch bank ING is putting up for sale and is open to discussing a deal, the bank said, clarifying a press report that said Bear was no longer interested.
IBTimes Logo

Vivendi silent on NBCU stake sale report

Vivendi declined to say on Monday what it planned to do with its 20 percent holding in U.S. media and entertainment group NBC Universal amid mounting speculation that it could decide to unload the stake this year.
IBTimes Logo

Pre helps Palm narrow loss, unveils share sale

Robust sales of the Pre smartphone helped Palm Inc post a smaller-than-expected loss, but a tepid second-quarter sales forecast and a plan to sell more shares helped snuff out a rally and sent its shares down nearly 2 percent on Thursday.
IBTimes Logo

Courts approve sale of Nortel unit to Avaya

U.S. and Canadian judges said on Wednesday approved Nortel Networks Corp's sale of its enterprise business to Avaya Inc for about $900 million, part of the liquidation of the bankrupt telecoms company.
IBTimes Logo

Lehman: Barclays got $8.2 billion windfall from sale

Lehman Brothers Holdings Inc said on Tuesday that Barclays Capital Inc got a $8.2 billion windfall profit from excess assets it took control of in the fire sale of Lehman's U.S. brokerage business a year ago.
IBTimes Logo

US eyes $7.8 bln missile sale to Turkey

The Obama administration has notified Congress of a possible sale to Turkey of advanced Patriot PAC-3 antimissile systems and related gear valued at up to $7.8 billion.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.