DJIA: 16,408.54  -16.31 (-0.10%) | NASDAQ: 4,095.516  +9.291 (0.23%) | S&P 500: 1,864.85  +2.54 (0.14%) Markets closed

  • Show Article Details

    Russian telecoms operator Vimpelcom (VIP) said on Friday it had resolved an ongoing shareholder battle in Algeria with the sale of a 51 percent stake in Orascom Telecom Algeria to the Algerian National Investment Fund for $2.6 billion. The sale by its 51.9 percent-owned unit Global Telecom Holding will reap $4 billion including dividends to the GTH holding company.

  • Show Article Details

    Jostens, a leader in the school ring and academic memento market, on Thursday said it had dropped plans to acquire competitor American Achievement Corp - a deal the Federal Trade Commission had said it would fight.

  • Show Article Details

    * Planned spectrum auction rules could crimp big carriers. * Proposed deal would merge Nos. * A tie-up would reshape wireless sector. By Alina Selyukh. A possible merger between Sprint Corp (S) and T-Mobile US Inc (TMUS) could prompt U.S. regulators to rewrite rules they are now weighing for a 2015 auction of airwaves, according to sources familiar with the proposed regulations.

  • Show Article Details

    Peer-to-peer lender Lending Club said on Thursday it has picked up the type of investors it would want when the company is taken public, after raising $65 million from T. Rowe Price (TROW), Wellington Management, Blackrock (BLK) and Sands Capital as part of its acquisition of Springstone Financial. Peer Lending Lures Yield-Hungry Investors.

  • Show Article Details

    The following bids, mergers, acquisitions and disposals were reported by 1600 GMT on Thursday: ** Standard Chartered's planned sale of its Hong Kong consumer finance unit has drawn first-round bids from suitors like Carlyle Group and Bain Capital, lured by the unit's industry-beating returns, people familiar with the matter said.

  • Show Article Details

    Nelnet (NNI) shares are up 10.7% to $43.55 following the announcement of its intent to purchase CIT Group's  Federal Family Education Loan Program for $3.6 billion.The sale of the lending business includes the transaction of $2.6 billion in student loans and related assets and approximately $950 million of unsecuritized student loans. Must Read: Warren Buffett's 10 Favorite Growth Stocks.

  • Show Article Details

    An agreement between Carlos Slim's America Movil and the Austrian government to take joint ownership of Telekom Austria is likely to be agreed next week despite a public war of words that broke out on Friday.

  • Show Article Details

     Blackstone Group  President and COO Hamilton "Tony" James confirmed the company's preferred equity stake in Fannie Mae  and Freddie Mac  but said he does not believe the asset management giant will drive the debate over the future of the government sponsored enterprises.

  • Show Article Details

    Two prominent proxy advisers have split on whether shareholders should vote to maintain Augusta Resource Corp's (AZC) shareholder rights plan, which could thwart a hostile takeover bid from larger Canadian base metals miner HudBay Minerals Inc. Glass Lewis has advised its clients to vote to preserve the plan, while rival Institutional Shareholder Services has come out against the plan.

  • Show Article Details

    Post Holdings (POST) on Thursday announced plans to acquire private equity-backed MFI Holding for $2.45 billion in a bid to expand the cereal giant's presence on the supermarket shelf. MFI is parent of Michael Foods Group, a maker of egg products, refrigerated potato offerings and dairy goods under brands including Papetti's, All Whites, Better 'n Eggs and Crystal Farms.

  • Show Article Details

    Investment banks Morgan Stanley (MS) and Goldman Sachs Group Inc (GS) posted better-than-expected quarterly earnings on Thursday, helped by gains in merger advisory and stock underwriting. The results underscored how businesses viewed as stodgy before the financial crisis are becoming critical drivers of earnings growth for investment banks now.

  • Show Article Details

    Proxy adviser Glass Lewis has recommended that its clients vote to maintain Augusta Resource Corp's (AZC) shareholder rights plan, which is meant to thwart a hostile takeover bid from larger Canadian base metals miner HudBay Minerals Inc. Investors will vote on whether to cancel the plan at Augusta's May 2 shareholder meeting.

  • Show Article Details

    Shares of Chemtura Corp. (CHMT)  have fallen -4.4% to $24.09 after it was reported late last night that the specialty chemicals company plans to sell its agrochemicals business to Platform Specialty Products Corp. (PAH) for about $1 billion, sources told the Wall Street Journal. The deal is expected to be announced today. Must Read: Warren Buffett's 10 Favorite Growth Stocks.

  • Show Article Details

    * Adjusted profit of $1.07 a share, as expected. * Shares up 1 pct. Rockwell Collins Inc (COL), a maker of avionics and other electronics systems for aircraft, reported a lower quarterly profit on Thursday as income tax expense rose but an acquisition bolstered sales, sending its shares up in early trading. The company is beefing up its exposure to commercial markets as U.S. defense spending shrinks.

  • Show Article Details

    Updated from 10:06 a.m. ET to include CEO interview, share prices. Platform Specialty Products (PAH), a specialty chemical company that was born from a special purpose acquisition vehicle founded by Jarden (JAH) chairman Martin Franklin, said on Thursday it will buy Chemtura AgroSolutions from Chemtura (CHMT) for $1 billion in cash and stock. Ackman Backed Venture Lists On NYSE After MacDermid Deal.

  • Show Article Details

    Updated from 8:25 a.m. ET to include closing share prices. Weibo (WB), often referred to as the Chinese version of Twitter, began trading on the Nasdaq Global Select Market on Thursday, surging over 19% after the company priced its initial public offering at the low end of its expected range.