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:

Fast-tracking Projects

REUTERS SHOWCASE

Oil Prices

Oil Prices

Oil resumes slide after brief rebound on short-covering.  Full Article 

Space Programme

Space Programme

ISRO tests its heaviest space launch vehicle, eyes global market   Full Article 

Coal India Strike

Coal India Strike

Coal India workers threaten five-day strike, stokes output worries  Full Article 

Gold Discount

Gold Discount

Dealers offer gold discount for first time in five months  Full Article 

Lakhvi Granted Bail

Lakhvi Granted Bail

Pakistan court bails man accused of masterminding Mumbai attack  Full Article 

GST Bill

GST Bill

Cabinet clears bill for nationwide goods and services tax.  Full Article 

Aviation Sector

Aviation Sector

Breakingviews: SpiceJet rescue is no fix for India aviation woes.  Full Article 

Global Economy

Global Economy

Fed confident on U.S. growth, opens door wider to rate hike.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

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