U.S. securities regulators plan to scale back examinations of brokers so they can shift resources to improve oversight of investment advisers, which have traditionally faced less scrutiny, Reuters News reported.
2 min read · 01 February 2016
British property developer Countryside Properties Plc on Monday set a price range of 225 pence to 275 pence per share for its initial public offering, hoping to raise up to 114 million pounds ($162.55 million), Reuters News reported.
1 min read · 01 February 2016
U.S. private equity firm Blackstone Group has reduced its stake in a key unit of state-owned China National Chemical Corp (ChemChina), by more than half to less than 10 percent, two people with knowledge of the situation told Reuters
2 min read · 01 February 2016
Berkshire Hathaway Inc (BRKa.N), the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 (PSX.N) stock, and spent roughly $832 million in January to boost its stake even as the oil refiner's profit margins narrowed, Reuters News reported.
2 min read · 01 February 2016
The head of General Electric in France, Clara Gaymard, is leaving the U.S. conglomerate after its takeover of the energy business of French group Alstom, Reuters News reported.
1 min read · 01 February 2016
European buyout firm Charterhouse is preparing for the sale of its Italian generic drugs business Doc Generici and has contacted investment banks to select an adviser, two sources familiar with the matter said.
2 min read · 29 January 2016
A slump in the Canadian dollar, which hit a 12-year low this month, has made it harder for the country's technology companies to recruit top talent, posing a longer-term risk to the sector's development, industry veterans told Reuters. Startup executives and their backers fear local hiring could be further hurt by the recently elected Liberal government's pledge to increase taxes on stock options.
2 min read · 29 January 2016
Travel firm Kuoni (KUNN.S) said on Thursday private equity group EQT was its preferred suitor among several potential bidders wooing the Swiss group and final negotiations were now in progress.
2 min read · 29 January 2016
The oil price crash of the past year and a half is forcing Canadian investment banks and corporate law firms that profited from mergers and acquisitions, and financing deals during good times to focus instead on restructuring and asset sale work, Reuters reported. The trend is reshaping the staffing makeup at these firms, with bankruptcy expertise in high demand.
2 min read · 28 January 2016
Buyout group Nordic Capital is launching the sale of its UK-based refrigeration technology and metal components company Luvata, hoping to benefit from still relatively high equity prices, several sources familiar with the matter said.
2 min read · 28 January 2016
