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Tuesday, September 22, 2009

Yahoo seeking up to $500 million for small business unit

Yahoo hopes to get up to $500 million for a unit that hosts websites for small companies, after putting it on the market for several months, two people familiar with the matter said.

Yahoo has received interest from corporate buyers and private equity firms, one of the sources familiar with the situation said. It is unclear if any party has made an offer.

But some potential corporate buyers who have looked at the asset in recent months have decided not to bid because they think the price is too high, a second source said.
Last week, Yahoo sold its stake in China's top e-commerce company Alibaba.com for $150 million.

The sources spoke on condition of anonymity because the sale process has not been made public. A Yahoo spokeswoman said the company does not comment on rumors or speculation.

The small business division provides domains, email, Web hosting and other merchant services to customers. Sunnyvale, California-based Yahoo, which posted $7.2 billion in revenue last year, does not break out the unit's performance.

Yahoo prefers to sell to another company rather than a buyout shop, believing that a strategic buyer would be more likely to pay a higher multiple for the synergies that the unit has with its own business, the sources said. Do you think this post is informative??Share this:
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Sun Microsystems losing US$100m a month

Sun Microsystem Inc is losing about US$100 million a month as European regulators delay approving his company's US$7 billion purchase of the struggling hardware maker.

Sun's revenue has tumbled since April when Oracle agreed to buy the world's No. 4 computer server maker in April as rivals IBM and Hewlett-Packard Co have poached customers amid uncertainty about its future.

Oracle has pledged to boost investment on development of Sun's products,but the hardware company has cut spending prior to the deal's closing as sales have plunged. Last month it reported a quarterly loss of US$147 million.

- Reuters


Will this means the end of Sun?? Let's wait and see..


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Saturday, September 12, 2009

UOB plans to sell insurance unit

United Overseas Bank Ltd (UOB) of Singapore is selling its life insurance unit, according to sources involved in the auction in an effort to shed a non-core division and raise up to US$500 mil in the process.

The move shows a pick-up in confidence among executives seeking to divest business and high lights the continued interest of Western firms looking to tap Asia's growing personal wealth.

Sources said HSBC was advising SOuth-East Asia's second biggest lenger on the sale of the business, known as UOB Life Assurance.

Pruduential Plc was among the global insurer, has also shown interest in UOB Life. Great Eastern the largest insurance group in Singapore and Malaysia, dwarfing UOB Life with S$45 bil in assets and 3.8 million policyholders in both countries.

The auction comes at a time when global insurance companies are seeking to expand their networks in fast growing regions such as Asia..

- Reuters


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Delta in talks on big stake in JAL

Delta Air Lines, the world's biggest carrier is in talks to invest in Japan AIrlines Corp (JAL) and become its top shareholder.

The report said Delta was in talks to invest several talks to invest several tens of billions of yen in Asia's largest airline by revenue.

JAL is forecasting a net loss of 63 billion yen (US$692 mil) for the year to March, hit by the global economic slump.

-Reuters


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Pertamina, Petronas get rights to drill

JAKARTA - PT Pertamina and Talisman Energy Inc won rights to drill for crude oil and natural gas in Indonesian areas as SOuth-East Asia's biggest crude producer seeks new reserves to replace aging fields.

Pertamina and partner, Petronas Carigali Overseas Sdn Bhd won the rights to jointly develop West Glagah Kambuna block off the coast of Sumatra. Talisman's unit won the rights to develop the Andaman III field.

- Bloomberg



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Monday, September 7, 2009

Possible Opel sale

German Finance Minister said General Motors CO's decision on a possible sale of its German Opel unit will be driven mainly by GM's business interests which may have changed after the company's situation improved since March.

Decision are being taken based on the 'very narrow business interest of GM'

- Bloomberg


PIc SOurce :- Seeker401 Do you think this post is informative??Share this:
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US imports and exports increased

The US trade deficit was probably little changed in July as imports and exports both grew, signalling a revival of commerce as the global slump eased, economists said before this week.
The gap between imports and exports increased 1.5 % to US$27.4 bil from US$27 bil the prior month, according to the median of 63 estimates in a Bloomberg News survey ahead of the COmmerce Department's Sept 10 report.

Rising demand for US-made goods from trading partners such as China, Mexico and the European Union is combining with domestic stimulus measure to help pull the economy out of arecession. With prediction the US economy will grow at an average 2.1 % rate in the second half ot his year, imports will probably climb further. The US$26bil trade deficit in May was the smallest since November 1999.

Import prices probably rose 1% in AUgust from the prior month, lebd by oil and other commodities.

- Bloomberg

Is it really a sign of recovery? Will US trading increased ?
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Sunday, September 6, 2009

Icon in your product

I think most of us know about the importance of icon in the product.
Using an Icon can identify your brands. It is important to ensure your customer easily remember your brands and become loyal ... There's another way to make an icon to your brands

1. Using celebrity in product is an expensive way to do but it works. Customer who're the celebrity fans will try the product.
2. Create your own icon. Look at McDonalds that use ROnald Mc Donald as their brand. It is easy to recognize and their competitor such as KFC using their own icon.
3. Tagline icon. It is also a useful way to create icon. Nike used 'Just Do It' and becoming more popular...


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Saturday, September 5, 2009

AIG to Sell Fund Unit

- American International Group Inc., the insurer bailed out by the U.S. government, agreed to sell its external fund management business to Richard Li’s Pacific Century Group of Hong Kong for about $500 million.

The purchase price for AIG Investments consists of a cash payment of approximately $300 million at closing, plus additional future consideration based on future performance and a continuing share of carried interest, New York-based AIG said in a statement.
AIG has already announced sales of some $9.3 billion of assets to help repay U.S. Federal Reserve loans extended as part of the firm’s $182.5 billion bailout.

The portions of AIG Investments up for sale managed about $114 billion of client assets, including stocks, bonds, and investments in hedge and private equity funds, when UBS AG started an auction for the unit earlier this year. The assets under management have declined since then.

Li, the son of Li Ka-shing, Asia’s richest man, is chairman of PCCW Ltd., the Hong Kong phone company.

The auction of AIG Investments attracted earlier interest from Franklin Resources Inc., the San Mateo, California-based fund manager, and Macquarie Group Ltd., Australia’s biggest investment bank, and New York-based Crestview Partners LP.
- Bloomberg Do you think this post is informative??Share this:
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Toshiba bid for Areva unit

Toshiba Corp plans to bid for French nuclear group Areva's power distribution and transmission equipment unit, four sources with direct knowledge of the situation said, in a deal that could cost it more than US$ 5 billion,

The sources said Toshiba planned to participate in the bidding on Sept 18.Toshiba, which runs a far-flung electronics conglomerate, is banking on power generation for growth as it reins in investment in its recession-hit computer chip business

But the health of Toshiba's balance sheet is uncertain following a $5 billion capital hike in May, and its presence as the first foreign suitor for the up-for-sale business might sit uneasily with French government efforts to promote national industrial champions.

Areva has put its transmission and distribution (T&D) business on the block and is seeking to sell 15 percent of the group's capital to fuel its nuclear expansion plans. The government will play a major role in both decision for the 91-percent state-owned firm, already a global leader in nuclear technology.
Toshiba's shares fell 2.3 percent after news that it might bid broke.
- Reuters..


Source Pic : Homotron

bid

SOurce pic :- Scied

What is Areva??

AREVA (Euronext: CEI) is a French public multinational industrial conglomerate that is mainly known for nuclear power; it also has interests in other energy projects. It was created on 3 September 2001, by the merger of Framatome and Cogema (now AREVA NC). Its main shareholder is the French-owned company CEA, but the German company Siemens also retains 34% of the shares of AREVA's subsidiary, AREVA NP, in charge of building the EPR Reactor, an advanced Generation III+ nuclear reactor.[1]
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IMF revises forecast upwards

Before this I've write about IMF says economy is recovering . Now in this news, The IMF has revised upwards its forecast for economic growth this year and next in major industrialised economies and worldwide, according to a document obtained by Reuters.

They forecast the world economy will shrink by 1.3 % in 2009, a shade less than its earlier forecast of 1.4 % contraction, before growing by 2.9 % in 2010, revised up from the 2.5% it expected in April 2009..

- Reuters


Not good news.. Hope our economy still growth..
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