UPDATE 1-Market Chatter-Corporate finance press digest

Mon Dec 24, 2012 11:46am IST

Stocks

   

Dec 24 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

* ITV Plc has bought a majority stake in US reality TV producer Gurney for $40 million, as part of a strategy to increase the size of its studio business. The broadcaster will buy 61.5 percent of Gurney Productions, with an option to buy the rest of the group in the next five years, the Telegraph reported. []

* United States computer firm Hewlett-Packard Co is expected to axe up to 200 members of the staff at its British subsidiary Autonomy, which it last month accused of "serious accounting improprieties", the Mail reported on Sunday. []

* Time Warner Cable Inc has made a bid to buy Cablevision Systems Corp's Optimum West business, Bloomberg reported, citing sources familiar with matter.

* T-Mobile Austria plans to appeal against the allocation of radio frequencies that will result from Hutchison Whampoa's takeover of Orange Austria, in a move that could derail the deal, a source familiar with the matter said.

* China's sovereign wealth fund is among a trio of Asian investors vying to buy an 800 million pound ($1.29 billion)London office campus from Blackstone Group LP, the US private equity firm, in what would be the UK's highest value property deal since the start of the financial crisis, the Financial Times reported. []

* Lanco Infratech Ltd has begun talks with JSW Energy Ltd and Adani Power Ltd to sell a power plant in Karnataka as banks pile pressure on debt-laden power companies to sell assets and improve cash flow, the Economic Times reported. []

* China has started to run checks on the more than 800 companies that have applied for domestic share sales, the latest move aimed at shortening the IPO waiting list and ease pressure on the stock market, the official China Securities Journal said.

FILED UNDER:

"India's Daughter"

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage