Bain Capital looks to sell Applied Systems: sources
NEW YORK (Reuters) – Private equity firm Bain Capital LLC is in talks with other private equity firms to sell its insurance software provider Applied Systems Inc for more than $1 billion, three people familiar with the matter said on Monday.
Chrysler won’t go ahead with IPO in 2013: Fiat
MILAN (Reuters) – The planned stock market listing of Fiat’s U.S. unit Chrysler will not take place this year, the Italian carmaker said on Monday, prolonging the uncertainty over its chances of buying out the rest of the company.
Intel wants $500 million for Internet TV service: Bloomberg
SAN FRANCISCO (Reuters) – Intel Corp is trying to sell its yet-to-launch Internet television service for $500 million and wants to complete a deal by year-end, Bloomberg reported on Monday.
Spain’s Repsol has initial deal with Argentina on YPF
MADRID (Reuters) – Repsol and Argentina reached a preliminary deal on Monday for the Spanish oil major to get paid for the 51 percent stake in the South American’s country’s main energy company YPF that the Argentine government seized in 2012.
Citigroup can’t block Abu Dhabi arbitration over $7.5 billion stake
NEW YORK (Reuters) – A U.S. judge has rejected Citigroup Inc’s effort to block the Abu Dhabi Investment Authority from seeking a second arbitration over the sovereign wealth fund’s $7.5 billion investment in late 2007 to shore up the then-struggling ba…
Nasdaq’s No. 2 executive leaving to head brokerage
NEW YORK (Reuters) – Nasdaq OMX Group Inc said on Monday Eric Noll, the exchange operator’s top internal candidate to replace Chief Executive Robert Greifeld, is leaving to become president and chief executive of brokerage ConvergEx.
Wal-Mart veteran McMillon to replace Duke as CEO next year
(Reuters) – Wal-Mart Stores Inc has named company veteran Doug McMillon to be its next chief executive, in a bet that his experience running its international unit will bolster growth at the retailer, the world’s largest.
ITW gets private equity bids for $3 billion-plus unit: sources
NEW YORK (Reuters) – At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works Inc , in a deal that could fetch more than $3 billion, according to people familiar with the matter.
Dow ends at record high; Nasdaq loses grip on 4,000
NEW YORK (Reuters) – The Dow industrials eked out a slim gain on Monday to end at another record high, after the Nasdaq topped 4,000 for the first time in 13 years and then slipped to close below that level.
Orrick, Pillsbury call off big U.S. law firm merger
NEW YORK (Reuters) – One of the biggest proposed U.S. law firm mergers of the year has been called off, the leaders of the two firms told Reuters Monday.
