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Energy shares lift FTSE 100

2014-12-22 10:13:58| BBC News | Business | UK Edition

London's benchmark index rises as energy shares are boosted by the price of Brent crude oil heading towards $63 a barrel.

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DMCI sells shares in TPLEX operator to San Miguel

2014-12-22 06:16:52| Beverages - Topix.net

Consunji-led DMCI Holdings Inc. on Monday said it sold its stake in the tollway concessionaire for the Tarlac-Pangasinan-La Union Expressway to San Miguel Corp. for P1.83 billion. In a disclosure to the stock exchange, DMCI Holdings said the company and its subsidiary DM Consunji sold its 25.11 pct stake in Private Infra Dev Corp. to SMC's subsidiary Rapid Thoroughfares Inc. for a total of P1.83 billion.

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Asia shares mixed in shortened week

2014-12-22 03:10:31| BBC News | Business | UK Edition

Asian markets traded mixed on Monday, although trading was thin at the start a working week shortened by the Christmas break.

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US sells Ally Financial shares, putting an end to auto bailout

2014-12-22 03:00:14| Automakers - Topix.net

It's over. It's finally over. The automotive bailout, we mean. Surprised? Well, everyone kind of stopped talking about the bailout once Uncle Sam got his fingers out of General Motors and Chrysler , but in reality, the US government has still enjoyed ownership of a chunk auto financier Ally Financial .

Tags: end auto financial putting

 

Merck begins offer for Cubist shares in $8.4 billion deal

2014-12-20 11:42:26| Biotech - Topix.net

The drugmaker Merck is launching its previously-disclosed $8.4 billion offer to buy Cubist Pharmaceuticals shares in a deal that aims to strengthen its ability to treat serious infections, an issue drawing growing concern globally. Merck said earlier this month that it will pay $102 in cash for each share of Cubist, which represented a 37 percent premium to the stock's closing price before the deal was announced.

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