SPRINGLEAF NEARS $4.25 BILLION DEAL FOR CITIGROUP'S ONEMAIN -- 2D UPDATE
Lender Springleaf Holdings Inc. is nearing a deal to buy
Citigroup Inc.'s OneMain Financial for about $4.25 billion, a
purchase that would create a U.S. subprime giant, said people
familiar with the matter. (published 0208 GMT)
NTT COMMUNICATIONS TO BUY 86.7% OF EUROPEAN DATA CENTER OPERATOR
Nippon Telegraph & Telephone Corp. unit NTT Communications
Corp. will buy an 86.7% stake in European data center operator
e-shelter. (published 0132 GMT)
TAIWAN SAYS AGREEMENT REACHED IN CHINA FLIGHT PATH DISPUTE
Taiwan and China have reached an agreement over disputed new
commercial flight paths following months of negotiations, according
to Taiwanese officials. (published 0524 GMT)
SOCAM DEVELOPMENT TO SELL STAKE IN CEMENT JOINT VENTURE FOR HK$2.55 BILLION
SOCAM Development Ltd. agreed to sell its entire stake in a
cement making joint venture to its French partner for 2.55 billion
Hong Kong dollars . (published 0039 GMT)
SOCAM DEVELOPMENT: EXPECT 2014 NET LOSS TO WIDEN OVER 50%
Hong Kong-listed SOCAM Development Ltd., a member of mainland
Chinese property developer Shui On Group, said Tuesday it expects
its 2014 net loss to widen over 50% from a year earlier, mainly due
to an impairment-loss provision in a property joint venture.
(published 0538 GMT)
TAKENAKA GETS S$323 MILLION CONTRACT FROM SINGAPORE'S CHANGI AIRPORT
Japan's Takenaka Corp. has been awarded a 323 million Singapore
dollar contract for the expansion of an existing terminal at
Singapore's Changi Airport. (published 0506 GMT)
COUNTRY GARDEN CONSIDERS SEPARATE LISTING OF HOTEL BUSINESS
Mainland Chinese property developer Country Garden Holdings Co.
Ltd. said it is considering a listing for its hotel business but
has no execution plan or timetable at the moment. (published 0439
GMT)
MAVERICK CAPITAL UNIT INVESTS $15 MLN IN LATEST INDIA TECH DEAL
In a sign of the growing appetite for Indian technology
companies, a unit of U.S. hedge fund Maverick Capital, which
manages more than $8 billion in assets, has invested in Indian
mobile data company Vserve. The $15 million-investment also
included fresh money from Indian venture capital firm IDG Ventures,
which had previously invested $3 million in the company. (published
0252 GMT)
ATHABASCA OIL RECEIVES PAYMENT FROM PETROCHINA CANADIAN UNIT
Athabasca Oil Corp. on Monday said it received the first of
three payments owed to it by one of China's largest state-run
energy companies, part of a deal announced last summer to complete
the sale of a Canadian oil-sands project. (published 0032 GMT)
BEST BUY SERVICES PRESIDENT CHRISTOPHER ASKEW TO DEPART
Best Buy Co. services President Christopher Askew is leaving the
company after less than two years leading the chain's Geek Squad
brand, according to a company memo. (published 0422 GMT)
WOOLWORTHS SELLS WAREHOUSE GROUP STAKE TO JAMES PASCOE
Woolworths Ltd. said it would sell its stake in New Zealand
retailer Warehouse Group Ltd. for almost 87.1 million New Zealand
dollars after deciding the investment was no longer needed as part
of its strategy in the country. (published 0249 GMT)
CGN MINING TO POST SIGNIFICANT DROP IN 2014 NET PROFIT
CGN Mining Co. said it expects to post a significant drop in its
2014 net profit, weighed by higher management expenses during the
year. (published 0114 GMT)
FOREIGN INVESTORS SELL NET MYR400 MLN WORTH OF MALAYSIA SHARES IN FEBRUARY
Foreign investors sold a net 400 million ringgit worth of
Malaysian shares in January, according to data from the stock
exchange. (published 0219 GMT)
PLDT DECLARES TOTAL PHP87 REGULAR, BONUS CASH DIVIDEND
Philippine Long Distance Telephone Co. (TEL.PH), or PLDT, said
Tuesday its board declared a cash dividend of 87 pesos ($1.97) a
share--a combination of 61 pesos in final regular dividend and 26
pesos in bonus dividend. (published 0459 GMT)