Deals du Jour
Cars dominate headlines again, with a GM bankruptcy looming and Chrysler CEO Nardelli saying he expects a deal with Fiat on Friday. In other news, Chartered Semiconductor denies a newspaper report that Advance Technology Investment has bid for Temasek’s majority stake in the firm. For today’s headlines, click here.
And here is what we found of interest in newspapers:
Credit Suisse has begun a plan to sell its London property estate and raise up to 500 million pounds ($800 million), the Financial Times reported.
Terra Firma has been forced to inject more cash into EMI after the debt-laden UK music group missed targets imposed in banking covenants, the Financial Times said. The Wall Street Journal separately said Terra Firma had put up an additional 28 million pounds to bail out EMI.
British Sky Broadcasting has made a bid for a package of seven digital TV channels owned by cable operator Virgin Media in an auction, the Financial Times said.
British drug firm GlaxoSmithKline Plc is in talks to buy a 51 percent stake in India’s unlisted Shantha Biotech after prospective bidder Sanofi Aventis dropped out, the Economic Times said.