Jindal Steel in advanced talks to sell more assets - CEO


NEW DELHI Jindal Steel and Power is in advanced talks with some resources firms to sell more steel and mining assets, its CEO told Reuters, adding the company hopes to close a $976 million power plant deal well before a mid-2018 deadline.

Australia clears AB Inbev's $100 billion SABMiller buyout plan 6:50am IST

SYDNEY Australia's antitrust regulator on Thursday cleared beer giant Anheuser Busch Inbev SA's planned $100 billion takeover of rival SABMiller Plc , saying the deal would not adversely affect the domestic market.

Adidas seeks buyer for golf businesses to focus on shoes, clothing 04 May 2016

BERLIN German sportswear company Adidas aims to sell the bulk of its loss-making golf business to focus on shoes and clothing, it said after the core Adidas brand reported strong quarterly sales, particularly in the United States. | Video

Exclusive - Yahoo's bidder shortlist points to cash deal: sources 30 Apr 2016

Yahoo Inc has shortlisted close to 10 bidders in the auction for its core Internet assets, including Verizon Communications Inc , with most offers involving cash rather than a combination with another company, according to people familiar with the matter.

Pension problem at Welsh steel plant can be solved - Tata UK CEO 28 Apr 2016

LONDON There are solutions to the high pension fund liability at the steel plant at Port Talbot in Wales that would not involve public money, Bimlendra Jha, the chief executive of Tata Steel UK, said on Thursday.

Comcast to buy DreamWorks Animation for $3.8 billion 29 Apr 2016

Comcast Corp, the owner of NBCUniversal, said on Thursday it would buy Hollywood studio DreamWorks Animation SKG Inc for $3.8 billion to boost its family-friendly offerings and help it take on media conglomerate Walt Disney. The acquisition will add major children's franchises to Universal's film library such as "Shrek," "How to Train Your Dragon" and "Kung Fu Panda," which it could tap for its growing theme parks and consumer products businesses.

Government may have to do more to help Tata find buyer for UK assets - CEO 28 Apr 2016

LONDON The British government will probably have to do more to help India's Tata Steel to find a buyer for its steel plants in the country, Bimlendra Jha, the chief executive of Tata Steel UK said on Thursday.

U.S. approves Charter’s Time Warner Cable buy with conditions 26 Apr 2016

WASHINGTON The U.S. Justice Department on Monday gave antitrust approval to Charter Communications Inc's proposed purchase of Time Warner Cable Inc and Bright House networks, which would create the second-largest U.S. broadband provider and third-largest video provider.

Exclusive - State Grid, Enel place bids for Brazil's Renova stake: sources 30 Apr 2016

SAO PAULO State Grid Corp [STGRD.UL], China Three Gorges Corp [CYTGP.UL] and Italy's Enel SpA have placed bids for a 16 percent stake in Brazilian renewable energy company Renova Energia SA, which needs fresh capital following a failed asset sale last year, three sources with direct knowledge of the matter said on Friday.

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