Chinese banks miss out on the party as Asian M&As pass $1 trillion mark


HONG KONG A surge in Chinese cross-border technology and telecoms deals has helped mergers and acquisitions in Asia Pacific cross $1 trillion for the first time but mainland banks are missing out on the payoffs as they badly trail global rivals in advisory work.

Ad tech firm Perion buys Undertone for $180 million in cash 3:26pm GMT

JERUSALEM Perion Network has bought digital advertising firm Undertone for $180 million in cash as it continues to expand in providing advertising to brands and publishers, it said on Tuesday.


Dow sells portfolio of herbicides amid consolidation drive 12:56am GMT

CHICAGO Dow Chemical Co has struck a deal to sell a part of its global herbicide business, as low crop prices continue to drive talk of consolidation in the agriculture industry.


Senate calls hearing in Anheuser-Busch InBev mega beer deal 30 Nov 2015

WASHINGTON Anheuser-Busch InBev's bid to buy its biggest rival, SABMiller, will be the subject of a U.S. Senate hearing next week, the Senate Judiciary Committee said on Monday.


FTC preparing to block Staples-Office Depot deal: NY Post 30 Nov 2015

U.S. antitrust regulators are preparing to block Staples Inc's acquisition of smaller rival Office Depot Inc , the New York Post reported on Sunday.


Tribune Publishing says not in talks to sell itself after Murdoch tweet 30 Nov 2015

Tribune Publishing Co said it was not in talks or in the process of selling itself, after a tweet by News Corp's Rupert Murdoch on Friday that suggested Tribune's newspaper group would be sold.

BTG Pactual in talks over $1 billion loan sale to Itaú, Bradesco, sources say 30 Nov 2015

SAO PAULO Grupo BTG Pactual SA is negotiating the sale of around 4 billion reais ($1.03 billion) in loans to rivals Itaú Unibanco Holding SA and Banco Bradesco SA , two sources with direct knowledge of the situation said on Monday.

Lockheed wins $279 million in U.S. Navy funding for next LCS ship 30 Nov 2015

WASHINGTON Lockheed Martin Corp on Monday said it had received $279 million in remaining funding from the U.S. Navy for the construction of the future USS Cooperstown, the 23rd Littoral Combat Ship.

ITC Holdings exploring strategic alternatives, including sale 30 Nov 2015

U.S. power transmission company ITC Holdings Corp said it was exploring strategic options, including a sale, as increased energy efficiency weakens demand for electricity.


Nissan eyes bigger Renault stake to ward off French government: Nikkei 30 Nov 2015

PARIS Japanese carmaker Nissan is seeking to raise its stake in Renault to 25 percent or higher to block management interference in the alliance by the French government, the Nikkei Asian Review said on Monday, without citing sources.

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