Exclusive: Cuomo intervened in BNP deal to get $1 billion more for NY state fund


- Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger share of the proceeds, according to three people familiar with the situation.


Exclusive - Insurer Phoenix Companies hires banks for sale: sources 30 Jul 2014

NEW YORK - Troubled life insurer and annuity provider The Phoenix Companies Inc has hired investment banks Goldman Sachs Group Inc and Sandler O'Neill and Partners to explore a sale, according to people familiar with the matter.


Germany to examine BlackBerry's planned Secusmart buy 30 Jul 2014

BERLIN - Germany will examine BlackBerry's planned acquisition of Secusmart, whose encryption technology protects the devices of government officials including Angela Merkel.

AMC Networks wants stake in BBC America: source 30 Jul 2014

- AMC Networks Inc , a U.S. media company that owns cable channels, is in talks to buy a stake in BBC America, BBC Worldwide’s U.S. channel, a source familiar with the matter told Reuters.


AstraZeneca buys Almirall lung drugs for up to $2.1 billion 30 Jul 2014

LONDON - AstraZeneca took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion for the rights to Spanish group Almirall's lung drugs.

Solar power clouds Australia's $10 billion sale of 'poles and wires' 30 Jul 2014

SYDNEY - Sun-drenched Australia's growing love of solar power is casting a long shadow over its biggest privatisation in two decades and the second-biggest sale ever of a state asset.

NQ Mobile says gets buyout offer from Bison Capital 30 Jul 2014

- Chinese mobile security software maker NQ Mobile Inc said it received a buyout offer from investment firm Bison Capital Holding Co for about $490 million.

ConocoPhillips deal propels Oando to Nigeria's top league 30 Jul 2014

PARIS - Nigerian oil company Oando completed a $1.5 billion deal to buy ConocoPhillips's assets in Nigeria on Wednesday, catapulting it to be one of the top players in the West African country's emerging indigenous oil and gas exploration industry.

Germany's ZF in advanced talks to buy TRW for near $12 billion: sources 30 Jul 2014

NEW YORK/FRANKFURT - Germany's ZF Friedrichshafen AG is in advanced talks to acquire U.S.-based TRW Automotive Holdings Corp for nearly $12 billion, in a deal that would create an automotive supply powerhouse, according to people familiar with the matter.

Charterhouse to sell UK skincare firm Deb Group: sources 30 Jul 2014

LONDON - European private equity firm Charterhouse [CHCAP.UL] is preparing to sell UK skincare company Deb Group, several sources with knowledge of the talks said, in a deal that could be worth up to 650 million pounds ($845 million) including debt.

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