Because Standard Chartered (STAN.L) clears about two million U.S. dollar transactions each month, the process of poring through the data will be “a huge piece of work” that could take months, said one of the sources. Both sources spoke on condition of anonymity as they are not authorized to speak publicly about the matter.As previously […]

Hedge fund ValueAct Capital LLC said it had taken a $1 billion stake in Rupert Murdoch-controlled film and TV company Twenty-First Century Fox Inc. Fox withdrew its $80 billion bid to buy Time Warner last week after being rebuffed by the owner of CNN, HBO and Warner Bros studios. "We support (Fox's) stand-alone plan and […]

Dafydd Morris, 76, from Caernarfon, Gwynedd, has decided to give someone else the opportunity to own the land after facing ‘difficulties’ in hill-farming.

Earlier Standard General had loaned its American Apparel shares to Charney, according to regulatory documents, allowing him to boost his stake in the company from about 27 percent to 43 percent. Charney had hoped to gain majority control, but American Apparel countered with an anti-takeover plan that prompted him to change his strategy. As a […]

The French state has enough cash available from previous share sales to fund the purchase of a 20 percent stake in Alstom (ALSO.PA), Economy Minister Arnaud Montebourg said on Tuesday. The French state secured an option to buy 20 percent of Alstom from its current top shareholder Bouygues (BOUY.PA) on Sunday, clearing the way for […]

They're old friends: Rabbi Abraham Skorka of Buenos Aires, with whom the future pope coauthored a 2010 book, and Omar Abboud of the Islamic Center of the Argentine Republic. A Vatican spokesman defined the choice to include leaders of other faiths in …

The Kravitz office supply and stationery chain is joining Keter Publishing in talks to buy the Steimatzky bookstore chain. Kravitz and Arledan Investments, which controls the publishing company, would each take a 50% stake in Steimatzky, Israel's …

Spain will probably begin the privatization of bailed-out Bankia (BKIA.MC) with the sale of a 5 to 10 percent stake to institutional investors, the bank’s Chairman Jose Ignacio Goirigolzarri said in an interview published on Sunday. The sale of the bank, in which the government holds a 68.4 percent stake through its restructuring fund FROB, […]

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs, according to a regulatory filing on Friday. Berkshire had taken the Dish position in the second quarter. The regulatory filing does not disclose exactly when in the fourth […]

Nestle (NESN.VX), the world’s biggest food company, is looking at ways to reduce its $30 billion stake in cosmetics firm L’Oreal (OR.PA), Bloomberg reported on Saturday, citing sources with knowledge of the matter. Nestle has told L’Oreal of its intentions, and the two companies have discussed the issue with banks, though no decision over the […]