LONDON (Reuters) - Goldman Sachs is close to signing a deal to sell its hedge fund administration business to U.S. bank State Street Corp , a source familiar with the situation said, the latest deal in a sector enjoying growing demand for its back-office services.
BRUSSELS (Reuters) - U.S. conglomerate United Technologies Corp. has offered to sell assets to secure EU regulatory approval for its $16.5 billion takeover of U.S. aircraft components maker Goodrich , according to a person familiar with the matter.
LONDON (Reuters) - U.S. firm Anadarko Petroleum Corp announced a further major gas find off the coast of Mozambique on Monday, raising the stakes in the bid war for London-listed partner, Cove Energy .
PARIS (Reuters) - French set-top box maker Technicolor SA rejected a revised offer from a JPMorgan Chase investment fund to buy a 30 percent stake for 179 million euros ($223 million) and opted instead for an original, lower offer which it said was better structured.
CAPE TOWN (Reuters) - South Africa and Saudi Arabia have set up a 20 billion rand ($2.4 billion) holding company for farming, mining and petrochemical investments as both countries seek to diversify their economies.
MILAN (Reuters) - The boards of Premafin , the Ligresti family's listed holding that owns 36 percent of Italian insurer Fondiaria-SAU , has said it will go ahead with a deal with rival insurer Unipol to rescue its troubled insurance group.
ISTANBUL (Reuters) - General Electric Co. will invest $900 million in Turkey's infrastructure development and innovation projects over the next three years, John Rice, Vice Chairman and President of GE global growth and operations said on Monday in Istanbul.
FRANKFURT (Reuters) - Volkswagen is in the early stages of examining whether to take a stake in troubled U.S. truckmaker Navistar International in order to close the gap to rival Daimler , the Financial Times Deutschland reported on Sunday.
DUESSELDORF/FRANKFURT (Reuters) - The owners of German chemicals firm Evonik may pull the plug on an initial public offering (IPO) which, when announced, was billed as Europe's biggest flotation in more than a year.