Entries tagged "Japan"

Citi forced to close retail ops in Japan

Citi's Japanese retail business has to suspend sales activities -- even advertising -- from July 15 to Aug. 14 because of lax money-laundering controls.

BofA, Barclays beefing up on bankers

Bank of America is hiring in Japan, while Barclays is looking to add as many as 65 bankers for its European mergers advisory business.

Mitsubishi takes lead in Nikko Citigroup auction

The Japanese institution and part-owner of Morgan Stanley may pay around $4 billion for Citigroup's Japanese brokerage.

Toshiba signs MOU for Fujitsu's HDD biz

Toshiba will acquire Fujitsu's hard-disk drive operations, though the companies have not hammered out a price tag for the deal.

Chip update: SiRF, Spansion, Intel

Semiconductor companies announce plans to sell out, go bankrupt and invest for the future.

Could Dubai save or sink Citi's ship?

Citigroup Inc.'s plan of getting slimmer took another step forward, especially in Japan, where it reportedly is divesting Nikko Citi Trust & Banking Corp. for $277 million in cash, according to several media sources. But it seems as Citi is getting smaller via its headcount in one part of the world it's redeploying its resources in another part of the globe in the form of $8 billion of financing for Dubai's public sector, according to a recent press release. Citi has made it no secret -- going several years back -- that it wants a bigger presence in the Middle...

Asian nations create initiatives to support global economy

Initiatives to stabilize the economy are happening all over the world. The International Monetary Fund's 185 member nations met this weekend and agreed to "use all available tools" to support financial institutions, according to The Wall Street Journal. ...

Merrill's current woes won't stop it from Urban bid

Are one company's troubles another's gain? That may be the case for Japanese real estate developer Urban Corp., which is up for auction after filing the biggest bankruptcy in Japan this year based on debt of ¥255.8 billion and ($2.3 billion), according to Bloomberg.Now, at least 10 bidders from U.S. and European funds and Japanese real estate developers have all put their names in the running for the Urban auction, Bloomberg reports. The developer has $4.4 billion in assets that include properties throughout Japan as well as deposits and loans. But as enticing as Urban may be, for one...

Ranbaxy still in play?

Japanese drug firm Daiichi Sankyo Co. Ltd. made waves two days ago with its intent to buy a majority of Indian generics firm Ranbaxy Laboratories Ltd. for as much as $4.6 billion. But now, the Indian press suggests others might step in with offers. ...

More Daiichi details

The Daily Deal reported Wednesday on Japanese drug firm Daiichi Sankyo Co. Ltd.'s $235 million takeout of German biotech U3 Pharma AG, but a few questions for Daiichi went unanswered because of the 16-hour time difference. An e-mail Thursday morning and more time to dig have shed more light on the deal. ...

Could UAL's reorg get grounded?

As the Jan. 18 bankruptcy court hearing to approve UAL's restructuring plan draws closer, more details are becoming clear and are eliciting more angry cries from creditors and union employees. The growing anger over the plan is centered around the payout executives would receive under the plan. While it was widely known the plan would give white-collar workers at United Airlines up to 15% of the stock at the reorganized holding company, now details are emerging that indicate CEO Glenn Tilton would receive shares worth about $15 million, and seven other leading executives would divide shares worth an estimated $30...

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