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    Broker Willis Re said reinsurance rates are likely to keep falling, fuelling yet more mergers and acquisitions within the sector as firms scramble to make "major changes" to their strategies and business models. The 1st April 2015 renewals season, when prices are negotiated, had reinforced current trends and the market continued to favour the buyer, Willis said in its latest 1st View report.

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    * IPO could raise 70-100 mln euros. * Rising biotech interest among European investors. * Follows flood of IPOs in the United States. By Philip Blenkinsop. Belgian molecular diagnosis company Biocartis Group is planning a listing on Euronext Brussels to fund expansion, it said on Wednesday, seeking to take advantage of growing European interest in the sector.

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    Ends possible combination of rival mall owners for now. Macerich Co. (MAC) rejected the "best and final" bid from Simon Property Group Inc. (SPG), which promptly withdrew its $16.8 billion offer, ending for now the possible combination of rival mall operators in the United States. Macerich (MAC), in a letter to Simon Property Group (SPG), said the offer of $95.50 per share undervalued the company and its growth prospects.

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    Gr Sarantis SA : * Says agreed to buy AVA rights in Greece from Procter & Gamble (PG), to be completed on April 30, 2015. * Says to begin operating AVA from May 1, 2015. * Says cost of transaction is 3.49 million euros. * Says AVA rights purchase is part of the group's developing strategy, enforces its product portfolio. * Says AVA is a well known cleaning liquids brand in Greece.

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    IPO SA : * Said on Tuesday that it plans reverse merger transaction with Florida Investments Corp, based in Tampa, US. * Extraordinary shareholders meeting resolved to change company's name to Florida Investments SA, on March 30. * On next extraordinary meeting shareholder will resolve upon issue of new shares to shareholders of Florida Investments Corp, under the reverse merger transaction.

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    UCB SA : * Says it is to focus on core business in India. * To sell its established brands portfolio in India to Dr. Reddy's for 118 million euros. * Says agreement with Dr. Reddy's does not impact UCB's 2015 financial guidance Source text: http://bit.ly/1NBdoAB Further company coverage:

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    Carlyle Group (CG). * Offer for Nationwide Accident Repair Services Plc. * Recommended cash offer for Nationwide Accident Repair Services Plc by Canaveral Bidco. * NARS ordinary shareholders will receive 100 pence in cash for each NARS share held. * Offer values entire issued ordinary share capital of NARS at approximately £43.2 million Source text for Eikon: Further company coverage: [CG.O NARS.L]

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    The following are the top stories in the Wall Street Journal. * Charter Communications Inc. (CHTR) agreed to acquire Bright House Networks LLC, a closely held cable operator with two million customers, for $10.4 billion in cash and stock, the companies announced on Tuesday.

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    Procter& Gamble Co., which has been selling brands to focus on its largest, most profitable operations, has sold its Vicks VapoSteam U.S. liquid-inhalant business to Helen of Troy Ltd. (HELE). Consumer-products company Helen of Troy bought a license for Vicks VapoPad trademarks in a related transaction. Helen of Troy, which sells items under brands including OXO, Febreze and Brut, already uses Vicks products in Vicks- branded humidifiers and other items.

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    Online crafts retailer Etsy Inc. said Tuesday it is launching the road show for its initial public offering on April 1. The company is planning to offer 16.6 million shares to be priced in a range of $14 to $16. It is planning to list on the Nasdaq exchange under the ticker symbol "ETSY." Goldman Sachs and Morgan Stanley are joint bookrunners on the deal. Etsy said it will reserve up to 5% of the shares for an IPO Participation Program for individuals.

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    * TSX off down 5.95 points, or 0.04 percent, at 14,902.44. * Eight of the index's 10 main sectors fall. * Teck down 10.6 percent on merger-talks denial. By Solarina Ho. Canada's main stock index was little changed on Tuesday as strength in its financial sector was offset by a selloff of miner Teck Resources Ltd after it denied it was in merger talks.

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    Shares of General Electric  closed down 1.23% to $24.81 on Tuesday after Enel SpA agreed to sell a minority stake in a newly formed partnership holding its U.S. renewable energy assets to the conglomerate for $440 million. GE Energy Financial Services will buy 49% of EGPNA Renewable Energy Partners LLC, according to a statement emailed to Bloomberg on Tuesday.

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    Hedge-fund manager Jonathan Sands gushed in a January email that shareholders of Uber Technologies Inc. could quadruple their money in two to four years. "The numbers behind Uber are astounding," he wrote. The email was a sales pitch for an investment fund with $100 million of stock in the privately owned, smartphone-based car service, which Sands said he was getting "directly" from Uber to sell to other investors, minus a management fee and cut of the profits for himself.

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    Battered oil prices are expected to spur mergers and acquisitions in the energy sector and drive advisory fees for the Bank of Montreal (BMO), Chief Executive William Downe said on Tuesday. Canada's No. 4 lender, which is not looking at making major acquisitions at the moment, also expects consumers to step up spending as the sluggish oil price leaves them with more cash, he said.

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    The Ontario Teachers' Pension Plan, one of Canada's biggest investors, said on Tuesday it is actively scouting for energy assets as it looks to trim positions in oil and gas derivatives and invest instead directly in producing assets.