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Endeavour Fires CEO For Misconduct And Irregularities Linked To Asset Sale
Friday, January 5, 2024 - 3:15pm | 512Read More...Endeavour Mining (LSE: EDV) announced the abrupt termination of CEO Sébastien de Montessus, citing "serious misconduct" and irregularities linked to the sale of a company asset. Following the news, shares dropped by 14% before erasing some losses during the Friday session. Endeavour is a...
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Piraeus Bank Becomes Second-Largest Greek Bank in Deal With Cyprus
Tuesday, March 26, 2013 - 12:09pm | 536Read More...For the past two weeks, all eyes were focused on Cyprus and its bailout with the Troika of creditors made up of the European Union, the European Central Bank, and the International Monetary Fund. However, as part of the deal, Piraeus Bank, a Greek bank, has agreed to purchase the Greek operations...
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Finmeccanica CEO Arrested in Italy, Shares Tumble
Tuesday, February 12, 2013 - 8:33am | 389Read More...Giuseppe Orsi, Chief Executive Officer of Finmeccanica, the large Italian defense contractor, was arrested overnight in Italy on charges that he and his company bribed Indian officials to win defense contracts. Finmeccanica shares fell as much as 14 percent after being halted in Milan on the news...
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TNK-BP: One of the Largest M&A Deals in Years on Deck
Friday, June 1, 2012 - 3:33pm | 465Read More...BP plc (NYSE: BP) today said that is is considering selling its stake in its Russian joint venture, TNK-BP. BP owns half of the venture and the sale could fetch as much as $30 billion for the company. Ever since AAR, the consortium of Russian billionaires who own the other half of the joint venture...
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Blackstone Group Takes Stake in Risky RBS Loans
Friday, July 1, 2011 - 4:34pm | 181Read More...Royal Bank of Scotland Group (NYSE: RBS) has agreed to sell a 25% stake in its 1.4 billion pound ($2.3 billion) UK commercial real estate loan portfolio to private equity firm Blackstone Group (NYSE: BX). Blackstone will also take over the management of the assets, in an attempt to recover as...
