Market Chatter-Corporate finance press digest

Mon Dec 24, 2012 9:39am IST

Stocks

   

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

* 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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Trade Deal

REUTERS SHOWCASE

Record High

Record High

Nifty hits record high on foreign buying, higher Asian stocks.  Full Article 

Bullish on Equities

Bullish on Equities

Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs  Full Article 

BRICS Bank

BRICS Bank

World Bank chief welcomes new BRICS development bank.  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 

Photo

Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

 Boosting Output

Boosting Output

NMDC plans to boost iron ore output by two-thirds  Full Article 

Apple Results

Apple Results

Apple margin concerns fade, focus shifts to iPhone launch  Full Article 

Reuters India Mobile

Reuters India Mobile

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