Reuters: Deals

Berkshire has identified Buffett successor

Sat, 25 Feb 2012 08:56:10 -0500

(Reuters) - Berkshire Hathaway has identified its next chief executive, who will succeed Warren Buffett when the 81-year-old investor is no longer running the company, Buffett said in his annual...

Clearwire shares fall on Google stake sale

Fri, 24 Feb 2012 17:44:13 -0500

NEW YORK (Reuters) - Clearwire Corp shares closed down almost 7 percent on Friday after Google Inc said it would sell its stake in the company.

Regulatory clock starts ticking for Glencore-Xstrata

Fri, 24 Feb 2012 11:48:14 -0500

LONDON/BRUSSELS (Reuters) - Commodities trader Glencore's takeover of mining group Xstrata will face European Commission antitrust scrutiny, the companies said on Friday, kicking off a global...

Sprint board vetoes bid to buy MetroPCS: sources

Fri, 24 Feb 2012 20:00:45 -0500

NEW YORK (Reuters) - Sprint Nextel Corp's board vetoed a multibillion dollar purchase of smaller rival MetroPCS Communications at the last-minute this week, sources said, in a surprise move that...

Schapiro touts SEC oversight in IPO approvals

Fri, 24 Feb 2012 09:25:34 -0500

WASHINGTON (Reuters) - The Securities and Exchange Commission will not shy away from asking companies to make key changes to their financial disclosures or governing bylaws to protect investors,...

Aurubis opposes London Metal Exchange sale

Fri, 24 Feb 2012 09:29:45 -0500

LONDON (Reuters) - Aurubis , Europe's largest copper producer, is strongly opposed to a sale of the London Metal Exchange (LME) because a new owner could change a pricing system vital to industrial...

Apollo-led group to pay about $7.15 billion for El Paso assets

Fri, 24 Feb 2012 20:56:01 -0500

NEW YORK (Reuters) - A consortium led by private equity firm Apollo Global Management struck a deal to acquire El Paso Corp's oil and gas exploration and production business for about $7.15...

For Glenstrata, China watchdog could be fiercest

Fri, 24 Feb 2012 09:52:40 -0500

LONDON/SINGAPORE (Reuters) - While Glencore and Xstrata work hard to get their merger plan past Europe's antitrust body, it is China, the biggest buyer of the materials they mine and trade, whose...

Sears quells liquidity, not retail, fears

Thu, 23 Feb 2012 17:31:10 -0500

(Reuters) - Sears Holdings Corp plans to raise about $770 million spinning off a business of about 1,250 stores and selling some prime real estate, hoping to convince Wall Street that the struggling...

Citi seeks $2.1 billion for stake in India's HDFC: sources

Thu, 23 Feb 2012 09:28:34 -0500

MUMBAI (Reuters) - Citigroup Inc plans to raise up to $2.1 billion by selling its entire stake in India's Housing Development Finance Corp on Friday as part of the U.S. bank's efforts to shore up...