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Shares of South Korean chipmaker Hynix jump on media reports that the company’s creditors are inviting bids this week for a stake in the company.
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Hynix creditors to invite bids for stake sale
AIG agrees to sell its fund-management business for up to $500 million to Pacific Century Group, a Hong Kong-based company wholly owned by 43-year-old tycoon Richard Li.
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Pacific Century pays $500 million for AIG unit
Democratic Party of Japan leader Yukio Hatoyama aims to put together his Cabinet lineup by next week, including a newly created position to eliminate government budgetary waste.
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Japan’s new Cabinet coming into focus
In just over 12 months, as a result of the sharpening of the credit crisis, perceptions about sovereign-wealth fundfs have changed radically.
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Marsh on Monday: No more demonization of sovereign wealth funds
The days of your darkest office nemesis are numbered. Not your boss, it’s, of course, the office printer.
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Brett Arends’ ROI: An alternative to the dreaded office printer
A flurry of merger-and-acquisition activity takes the spotlight in Asian markets, with Toshiba, China Unicom, Rio Tinto and other major names all chalking up gains from news of fresh deals.
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Asia Markets: Toshiba, China Unicom jump on M&A news
President Barack Obama reportedly plans to appoint auto task-force member Ron Bloom as senior counselor for manufacturing in a move to help revamp the sector.
Singapore’s Chartered Semi, majority-owned by the city-state’s sovereign wealth fund, enters a deal to sell itself to Abu Dhabi’s ATIC fund for approximately $1.8 billion in cash.
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Abu Dhabi’s ATIC to buy Singapore’s Chartered Semi
After an array of disappointing initial public offerings, the primary markets are in desperate need of a hero to restore some confidence in new issues.
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V. Phani Kumar’s This Week in India: Oil India to test investor appetite for IPOs
