M&A
Universal Music, Sony to buy EMI from Citigroup for $4.1 billion
14 Nov 2011
EMI, the 114 year-old London-based gramophone company that was home to artists like the Beatles and Pink Floyd, was sold over the weekend in an auction to Vivendi's Universal Music Group and Sony for $4.1 billion
Caterpillar offers to buy China’s ERA Mining Machinery for $885 million
11 Nov 2011
After acquiring mining equipment maker Bucyrus International Inc for $8.6 billion last November, Caterpillar moves to consolidate its position in the mining segment through the Chinese acquisition.
Germany's largest retailer Edeka in race to buy Dutch retail chain C1000 for €1-bn
11 Nov 2011
Edeka Group, Germany’s largest retailer is in the race to buy the Netherlands' supermarket chain C1000 for an estimated €1 billion.
PepsiCo acquires Brazil's cookie and cracker producer Grupo Mabel
11 Nov 2011
PepsiCo outbid global rivals Bunge Inc and Mexico's Grupo Bimbo to acquire one of Brazil's biggest cookie and cracker producers's.
Hewlett-Packard mulls selling webOS unit: report
09 Nov 2011
Adobe to cut 750 jobs amid major business re-jig
09 Nov 2011
Buffett acquires stock worth $20 bn as markets tumble
08 Nov 2011
In a quarter that is believed to have been the worst for US stocks after the financial crisis, billionaire investor Warren Buffett went on a $20-bn shopping binge
Camera-maker Olympus admits to window-dressing books
08 Nov 2011
In a complete reversal of earlier denials, Japanese camera- and copier-maker Olympus Corp, today admitted that it had made a series of acquisitions and inflated payments to intermediares in the past to hide hefty losses.