Financial Services & Real Estate Headlines

Fri, Oct 24 2014

U.S. TV startup Roku to confidentially file for IPO: WSJ


- U.S. TV startup Roku Inc is working on plans to confidentially file for an initial public offering, the Wall Street Journal reported, citing people familiar with the matter.

Tech, Deals 24 Oct 2014

UniCredit in exclusive talks with Prelios-Fortress over bad bank sale: sources


MILAN - UniCredit has entered final phase talks to sell its debt recovery unit and a chunk of bad debt, two sources close to the matter told Reuters on Friday, a move aimed at strengthening its balance sheet and freeing up funds for new lending.

24 Oct 2014

Tele Columbus cancels refinancing talks after pulling IPO: sources

LONDON/FRANKFURT - German cable operator Tele Columbus [ESCALC.UL] has canceled loan refinancing talks after pulling a planned initial public offering (IPO), two sources familiar with the matter said.

24 Oct 2014

Abu Dhabi state fund asks for more in $22 billion Malaysia banking deal

DUBAI/KUALA LUMPUR - Aabar Investments is demanding a hefty premium for its minority stake in Malaysia's No.4 bank, sources say, as the Abu Dhabi state fund leverages on its amplified role in a $22 billion merger that will create Southeast Asia's fourth-largest lender.

24 Oct 2014

BNY Mellon China JV gets regulator approval for exit of U.S. partner

SHANGHAI - A unit of Bank of New York Mellon Corp, one of the largest wealth managers in the United States, has won regulatory clearance for the sale of its stake in a joint venture with China's Western Securities Co Ltd , as a shake-out continues among partnerships in the country's financial industry.

Deals, China 24 Oct 2014

Thu, Oct 23 2014

Airbnb valued at $13 billion as it discusses employee stock sale: WSJ

- Online home-rental marketplace Airbnb Inc valuation is set to be valued at $13 billion, up from its $10 billion valuation in March this year, as it discusses an employee stock sale, according to a report by the Wall Street Journal.

Tech, Deals 23 Oct 2014

Cutrale-Safra ups Chiquita offer ahead of Fyffes vote


SAO PAULO - Brazilian juice maker Grupo Cutrale and investment firm Safra Group raised their offer on Thursday for Chiquita Brands International Inc , a day before the U.S. banana producer's shareholders vote on a merger with Irish rival Fyffes Plc .

Deals, Brazil 23 Oct 2014

As ETF M&A heats up, industry wonders who is next

NEW YORK - When it comes to expanding in the $1.9 trillion U.S. exchange-traded fund market, which some forecasts say will pass the traditional mutual fund industry in size within 10 years, some companies have concluded it's better to buy than to build.

23 Oct 2014

Spain's Bankia says signs loan portfolio sale worth 772 million euros


MADRID - Spanish nationalized lender Bankia said on Thursday it had sold a loan portfolio worth 772 million euros ($976.4 million), almost all of which was comprised of non-performing loans.

23 Oct 2014

Italian paper group Fedrigoni pulls flotation plans

MILAN - Italian paper maker Fedrigoni has become the latest in a string of companies to pull plans to list on the stock market as worsening market conditions across Europe prompt a re-think in flotation plans.

Deals, Italy 23 Oct 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.