Financial Services & Real Estate Headlines

Siemens to buy Dresser-Rand to tap U.S. shale gas boom


FRANKFURT - Germany's Siemens has agreed to buy U.S. oilfield equipment maker Dresser-Rand for $7.6 billion in cash, aiming to catch up with arch-rival General Electric in a booming U.S. shale gas market. | Video

PDQ enhances auction model in bid to boost trading interest

NEW YORK - PDQ Enterprises, an alternative trading systems operator, on Monday launched an enhanced model that will pull together interest in buying or selling a stock to allow institutional investors to place larger orders and stymie predatory trading.

12:00pm EDT

Siemens sees no more large oil and gas buys soon

FRANKFURT - Germany's Siemens does not foresee any further significant acquisitions in oil and gas equipment following its agreement to buy Dresser Rand for $7.6 billion, it said.

9:34am EDT

Bayer asks Rothschild to advise on plastics business flotation: sources


FRANKFURT/LONDON - Bayer has appointed investment bank Rothschild [ROT.UL] to advise on the German drugmaker's plan to list its plastics business, in a deal that could value the unit at about 10 billion euros ($13 billion), sources familiar with the situation said.

7:54am EDT

Sun, Sep 21 2014

Julius Baer eyes Coutts international arm, wary of bidding war


GENEVA - Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm, a Swiss paper reported on Sunday.

Fri, Sep 19 2014

JBS delays $1.7 billion food unit IPO amid market slide, sources say

SAO PAULO - JBS SA, the world's largest meatpacker, has put off a plan to raise 4 billion reais ($1.7 billion) from the initial public offering of its pork, poultry and food-processing operations in Brazil, two sources with direct knowledge of the decision said.

Deals, Brazil 19 Sep 2014

Exclusive: France's Iliad sets mid-Oct deadline for T-Mobile US bid - sources


LONDON/FRANKFURT - French low-cost telecom operator Iliad has set a mid-October deadline to decide whether to improve its bid for T-Mobile US or walk away as it faces resistance from seller Deutsche Telekom, several people familiar with the situation said.

Tech, Deals 19 Sep 2014

IPO values online furnishings retailer Wayfair at up to $2.32 billion

- Online home-furnishings retailer Wayfair Inc's initial public offering is expected to be priced at $25-$28 per share, valuing the company at $2.32 billion at the top end of the range.

19 Sep 2014

Chevron taps Deutsche Bank to find buyers for Hawaiian refinery: source


NEW YORK - Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

19 Sep 2014

Vivendi, Telefonica seal $9.3 billion Brazilian broadband deal

PARIS/MADRID - French media group Vivendi has finalised an agreement to sell its Brazilian broadband business GVT to Spain's Telefonica for cash and shares worth around 7.2 billion euros ($9.29 billion), the companies announced on Friday.

Deals, Brazil 19 Sep 2014

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.