Financial Services & Real Estate Headlines

Carlyle, Old Mutual to acquire South African tire firm from Ethos

JOHANNESBURG - U.S. buyout firm Carlyle Group LP and the private equity arm of insurer Old Mutual have agreed to buy South African tire retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday.

4:08am EST

Tue, Nov 25 2014

Santander wants to sell part of Nevada solar project stake: WSJ

- Spain's Banco Santander SA is trying to obtain regulatory approval to sell a part of its stake in a solar energy project in Nevada to two Canadian pension funds, the Wall Street Journal reported on Tuesday.

25 Nov 2014

Ship broker Clarkson looks to acquire Norway's Platou for $440 million

LONDON - Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create one of the sector's biggest players globally.

25 Nov 2014

South Africa's Steinhoff expands discount offer with $5.7 billion Pepkor buy

JOHANNESBURG - South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern Europe.

25 Nov 2014

Carlyle to buy tyre firm stake in maiden South Africa deal: source

JOHANNESBURG - U.S. private equity firm Carlyle Group LP has agreed to acquire a stake in South African tyre dealer Tiger Wheel & Tyre, according to a person familiar with matter, marking its first deal in Africa's most developed economy.

25 Nov 2014

Bayer resumes efforts to sell diabetes device unit: sources

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FRANKFURT - German drugmaker Bayer AG is considering a fresh attempt to sell its diabetes device business as it sharpens its focus on margin-rich healthcare sectors, two people familiar with the matter told Reuters on Tuesday.

Health, Deals 25 Nov 2014

Mon, Nov 24 2014

Bayer explores possible sale of diabetes device unit: Bloomberg

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- Germany-based drugmaker Bayer AG is considering the sale of its diabetes device business, Bloomberg reported, citing sources.

24 Nov 2014

DoubleLine's Gundlach says U.S. yield curve to flatten-CNBC

NEW YORK - Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, said Monday the U.S. Treasury yield curve could flatten at an "unthinkable" level next year.

24 Nov 2014

RenaissanceRe to buy Platinum Underwriters for $1.9 billion

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- RenaissanceRe Holdings Ltd will buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion to boost its business amid intensifying competition and falling premiums.

24 Nov 2014

Hudson's Bay plans $1.25 billion debt refinancing, shares jump

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TORONTO - Canada's Hudson's Bay Co outlined a $1.25 billion refinancing plan Monday, in a move to reduce interest payments on debt it took on after it bought U.S. rival Saks last year, sending its shares up more than 9 percent in midday trading.

24 Nov 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.