Financial Services & Real Estate Headlines

Fri, Dec 19 2014

Wristband maker Fitbit in talks with banks for IPO: Bloomberg

- Fitness tracking wristband maker Fitbit Inc is in talks with banks for its initial public offering in the United States, Bloomberg reported, citing people familiar with the matter.

19 Dec 2014

Cirque du Soleil hires Goldman Sachs to look for partner

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- Canadian performance company Cirque du Soleil has hired investment bank Goldman Sachs Group Inc to help in its previously disclosed effort to find a strategic partner, a spokeswoman for the company said on Friday.

19 Dec 2014

Thai Union Frozen to buy U.S. tuna firm Bumble Bee for $1.5 billion

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BANGKOK - Thai Union Frozen Products PCL , the world's biggest producer of canned tuna, has agreed to buy U.S. competitor Bumble Bee Seafoods for $1.5 billion as part of a plan to double revenue through overseas acquisitions.

Deals, Thailand 19 Dec 2014

Bangkok Bank, SCB to offer $1.5 billion loan for Thai Union's Bumble Bee buy

BANGKOK - Bangkok Bank PCL and Siam Commercial Bank (SCB) will offer a $1.51 billion bridge loan to Thai Union Frozen Products to finance the purchase of U.S. tuna firm Bumble Bee Seafoods, executives from the two banks said.

19 Dec 2014

Thai TUF may need to raise equity after debt-fueled Bumble Bee buy-CEO

BANGKOK - Thai Union Frozen Products PCL (TUF) may need to raise equity capital to lower its debt-to-equity ratio after a $1.5 billion acquisition of U.S. tuna producer Bumble Bee Seafoods, the company's chief executive said on Friday.

19 Dec 2014

Alstom shareholders back 12.35 billion euro sale of power arm to GE

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PARIS - Alstom shareholders on Friday backed with 99.2 percent of votes the French engineering group's plan to sell most of its power equipment business to General Electric and refocus on its smaller rail arm.

19 Dec 2014

Thai Union Frozen to buy U.S. tuna firm Bumble Bee for $1.5 billion

BANGKOK - Thai Union Frozen Products PCL , the world's biggest producer of canned tuna, has agreed to buy U.S. peer Bumble Bee Seafoods for $1.5 billion as part of a plan to double revenue through overseas acquisitions.

19 Dec 2014

German insurer Talanx buys Chilean rival to counter slow Europe

FRANKFURT - Germany's third-largest insurer Talanx has agreed to buy a majority stake in Chilean rival Inversiones Magallanes, a $220 million deal that pushes the group further into growing markets to offset a stagnant European economy.

Deals, Germany 19 Dec 2014

RBS puts loan to builder Sacyr up for sale at discount: report

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MADRID - Royal Bank of Scotland wants to sell a 100 million euro loan it had extended to builder Sacyr as part of a syndicate, as Spanish firm itself races to refinance a large slice of debt, website El Confidencial reported.

19 Dec 2014

Thu, Dec 18 2014

China's Anbang Insurance becomes biggest shareholder in Minsheng Bank

SHANGHAI - Anbang Insurance Group Co, the Chinese insurer that has bought New York's famed Waldorf Astoria hotel, has increased its stake in China Minsheng Banking Corp Ltd to become the biggest shareholder of the country's largest private lender.

Deals, China 18 Dec 2014
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.