Pernod Ricard SA has won an auction to acquire Sweden’s Vin & Sprit AB, with the global drinks giant beating out Fortune Brands Inc. of the U.S. to become the owner of the prized Absolut vodka brand, people familiar with the matter said.
The details of the winning bid weren’t immediately clear, but V&S, which is […]
Mawarid Finance announced today the launch of its services for small and medium enterprises (SMEs) that include a list of different finance solutions for this vital sector in the UAE to meet its demands.
These services include goods finance, car finance, machinery finance, office purchasing finance, investments, Fixed Deposits, banking guarantees, labour guarantees and stock buying […]
The Federal Reserve will auction another 100 billion dollars in April, continuing its efforts to deal with the effects of a credit crisis, the U.S. central bank announced Friday.
Two auctions will be held, on April 7 and 21 respectively, and each offers 50 billion dollars, the Fed said in a press […]
A multibillion-dollar auction to privatize one of Brazil’s largest electrical power producers was canceled Tuesday after possible buyers suggested they wouldn’t offer the minimum bid, Sao Paulo state Gov. Jose Serra said.
Sao Paulo’s state government set the minimum bid to buy Companhia Energetica de Sao Paulo SA at 6.6 billion reals ($3.8 billion). But […]
Merrill Lynch & Co and Morgan Stanley were sued on Tuesday by clients accusing them of deceptively marketing auction rate securities.
The two separate lawsuits, filed in U.S. federal court in Manhattan, are seeking class action status.
Auction rate securities refers to a debt instrument (corporate or municipal bonds) with a long-term nominal maturity for which the […]
European and Asian shares have risen strongly in Tuesday trading, boosted by JP Morgan Chase raising its takeover offer for rival US bank Bear Stearns.
Echoing the overnight gains on Wall Street, stocks were further lifted by a surprise rise in US home sales.
The UK’s FTSE 100 index was up 3.25%, or 178 points, to 5,674 […]
(El Segundo, CA) – Manhattan Beach Trading, Inc. (MBTI), a financial services holding company, announced Tuesday that it has incorporated Skype into its support tools for traders. The move lowers the bar for global customers to get support in all markets.
“We support customers in 40 countries trading 20 markets 24 hours a day, 6 days […]
JP Morgan Chase has raised its offer for Bear Stearns to $10 a share, from the original offer of $2 a share.
Under the deal, JP Morgan Chase is also buying 95 million newly issued Bear Stearns shares, or 39.5% of the bank.
The initial offer angered many Bear shareholders who thought the company was being sold […]
The Federal Reserve will auction $50 billion in 28-day credit on Monday through its Term Auction Facility (TAF), the central bank announced.
The Fed will accept bids Monday from 11 a.m. to 1 p.m. EDT. Auction results will be announced at 10 a.m. on March 25. Loans will settle on March 27 and mature on April […]
ATLANTA - More than 100 handbags, wallets and accessories from well-known designers, local artists and boutiques will be up for bid at the inaugural “Purse Strings” charity benefit. The silent auction will be held from 6:00 to 8:30 p.m. on Wednesday, April 30, at the Biltmore Ballrooms in midtown Atlanta. It will benefit Consumer Credit […]
