Financial Services & Real Estate Headlines

UK's Osborne wants quick RBS sale but could still take years: FT

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- The British government would like to "get rid of" its stake in Royal Bank of Scotland as quickly as possible, British finance minister George Osborne was quoted saying on Friday, but warned a sale could take years to complete.

6:20am EST

Avago's ambitions may spark more semiconductor dealmaking

SAN FRANCISCO/NEW YORK - Avago Technologies Ltd  may be one of the pacesetters among companies looking to make a purchase in the semiconductor industry after its advanced talks last month to acquire Freescale Semiconductor Ltd fell through.

1:17am EST

Thu, Mar 5 2015

CBRE seeks to buy Johnson Controls' workplace solutions: sources

- CBRE Group Inc , the world's largest commercial real estate services firm, is in talks to acquire Johnson Controls Inc's global workplace solutions business for more than $1 billion, according to people familiar with the matter.

05 Mar 2015

Singapore's GIC nearly doubles stake in Merlin Entertainments

- Britain's Merlin Entertainments , the operator of Madame Tussauds waxworks and Legoland, said Singapore sovereign wealth fund GIC Private Ltd nearly doubled its stake in the company to about 5.2 percent.

05 Mar 2015

Europe firms may draw fire by joining buyback boom

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LONDON - European companies are likely to join a boom in share buybacks as central bank cash floods the economy, risking criticism that they are recycling capital rather than investing to promote growth.

05 Mar 2015

Citigroup sells stake in Turkey's Akbank for $1.2 billion

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ISTANBUL - Citigroup has sold its nearly 10 percent stake in Turkey's Akbank for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost capital.

Deals, Turkey 05 Mar 2015

Aviva, Friends Life top forecasts ahead of $8.5 billion merger

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LONDON - Insurers Aviva Plc and Friends Life Group Plc reported forecast-beating yearly profits on Thursday, lifting their shares to multi-year highs ahead of a 5.6 billion pound ($8.5 billion) agreed merger due to complete next month.

05 Mar 2015

Wed, Mar 4 2015

Exclusive: ZF, TRW set to win EU approval for $13.5 billion deal

BRUSSELS - German car parts maker ZF Friedrichshafen [ZFF.UL] is set to win conditional European Union antitrust approval for its proposed $13.5 billion takeover of U.S. peer TRW Automotive Holdings Corp, two people with knowledge of the matter said on Wednesday.

Britain agrees to sale of Eurostar stake to British, Canadian funds

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LONDON - Britain agreed to sell its 40 percent stake in the Eurostar rail link for 585 million pounds ($899.79 million) to a consortium of Canadian public pension fund Caisse de Depot du Placement du Quebec and British asset manager Hermes.

04 Mar 2015

Tue, Mar 3 2015

Springleaf to buy Citi's OneMain to become top U.S. subprime lender

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- Springleaf Holdings Inc said it would buy Citigroup Inc's OneMain Financial Holdings Inc for $4.25 billion in cash, creating the largest subprime lender in the United States. | Video

03 Mar 2015
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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.