AIG offering up to $1b stake in Chinese insurer PICC Property and Casualty Co


The stake sale to institutional investors through a block deal, cuts AIGs shareholding in the Chinese state-owned insurer for the second time this year.

Yahoo may restructure & consolidate media unit: Re/code

The changes could be announced inside Yahoo this week, part of a series of recommendations by consulting company McKinsey & Co, Re/code said

Dropbox shutting down Mailbox it bought for $100m; Carousel app too faces the axe

By closing down email app, Mailbox and photo organizer Carousel, it is streamlining focus on corporate users

Didi Kuaidi ropes in Yahoo co-founder & Alibaba investor Jerry Yang as board observer, adviser

Yang’s position at Didi Kuaidi adds a new link in the cobweb of relations between the firm and its investors – Alibaba and SoftBank.

US wireless carrier Verizon could look at buying Yahoo’s core business

Earlier this year, Verizon bought AOL Inc in a $4.4 billion deal to push into targeted advertising and mobile video

Germany’s JAB creates global coffee giant by acquiring Keurig Green Mountain for $13.9b; to take it private

This is the latest in a string of coffee deals by JAB as it seeks to become a formidable competitor to Nestle SA.

NXP acquires Freescale in $12b deal to create top auto chipmaker

The merger bolsters NXP’s position in fast-growing chip markets, including wearable devices, health monitors, while capitalizing on its strengths in security and payments

Electrolux share price slumps 10% as $3.3b deal to acquire GE’s appliance falls through

The deal violates US antitrust laws, as Electrolux, GE, & Whirlpool make 90% stoves/ovens sold to US big business

China’s Sichuan Shengda Group says unable to pay bond investors on time

Chinese coal miner and pig iron producer Sichuan Shengda Group Ltd said on Monday that it has not been able to make full payments on time to bond holders. The privately-owned company issued 300 million yuan ($46.83 million) worth of bonds on Dec. 5, 2012, giving investors the option to… Read more »

Noble Group’s oil trading generates positive cash flow after commodity rout

Asia’s largest merchant trader of raw goods has seen earnings, stock price hurt by plunging metals values, questioning of its bookkeeping