German conglomerate Siemens AG’s (SI) hearing aid business is drawing interest from private equity firms, including KKR & Co. L.P. and BC Partners Ltd., Bloomberg reported Thursday, citing two people familiar with the matter.
Spanish oil company Repsol YPF SA (REP) said Thursday that the company plans to invest Euro 400 million over the next five years for a gas development project in Bolivia.
Insurer American International Group Inc. (AIG) said it has implemented changes to the salaries of its three top executives to comply with pay restrictions for companies that received bailout money from the federal government, according to a regulatory filing Wednesday.
Insurance and financial services provider American International Group, Inc., or AIG (AIG) announced Tuesday that it is implementing the compensation agreement of President and Chief Executive Officer Robert Benmosche. In a regulatory filing with the U.S. Securities and Exchange Commission or SEC in August, AIG said it reached an agreement with Benmosche related to his annual compensation package.
The Washington Post Co. (WPO) will close its last three U.S. news bureaus outside of the Washington, D.C. area, in a cost-cutting move, according to media reports on Tuesday. The decision effectively means The company will cover national stories from its base in Washington.
Toyota Motor Sales, U.S.A., Inc., the US division of Japanese automaker Toyota Motor Corp. (TM) and the National Highway Traffic Safety Administration, or NHTSA, announced Tuesday the recall of 110,000 Toyota Tundra Pickups citing excessive corrosion.
Custodial bank and asset manager State Street Corp. (STT) said Tuesday that it has approved a $6 million transition award to retiring chief executive officer Ronald Logue.
Newmont Mining Corp. (NEM) and minority partner Japan-based Sumitomo Corp., said Monday that they have agreed to sell an additional 14% stake in Indonesian joint venture PT Newmont Nusa Tenggara, or PTNNT, to a consortium of regional as well as local governments in Indonesia and PT Multicapital, partly-owned by coal miner PT Bumi Resources, for about $494 million.
Corrects the number of cribs recalled to ‘2.1 Mln’ in the headline
European Union officials said Monday that decision on granting of aid to automaker General Motors Co.’s (MTLQQ.PK) Adam Opel GmbH unit will not be made until a meeting to be held in December. The European countries also agreed that no national measures should be taken without prior information and coordination with other involved countries and the European Commission, the European Union’s executive arm in Brussels.