UPDATE 1-Wanda to buy AMC Entertainment for $2.6 billion

Sun, 20 May 2012 22:55:45 -0400

BEIJING, May 21 (Reuters) - Wanda Group, one of China's largest theatre owners, has agreed to buy AMC Entertainment in a deal valued at $2.6 billion, creating the world's biggest cinema operator, the...

Nasdaq to revamp system after tech problems on Facebook IPO -WSJ

Sun, 20 May 2012 22:44:56 -0400

May 20 (Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook...

UPDATE 2-Alibaba buys back 20 pct stake held by Yahoo for $7.1 bln

Sun, 20 May 2012 22:29:02 -0400

May 21 (Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale...

RPT-BRIEF-Wanda Group says to buy AMC Entertainment Holdings

Sun, 20 May 2012 22:14:34 -0400

BEIJING, May 21 (Reuters) - May 20 (Reuters) - Wanda Group: * Wanda group to acquire AMC Entertainment Holdings Inc * Wanda group says transaction is valued at approximately $2.6 billion *...

Yahoo near selling partial Alibaba stake for $7.1 bln -source

Sun, 20 May 2012 20:17:07 -0400

NEW YORK, May 20 (Reuters) - Yahoo Inc is nearing a deal on Sunday to sell part of its stake in Alibaba Group back to the Chinese company for $7.1 billion, according to a source familiar with the...

Putin to dominate new Russian government

Sun, 20 May 2012 16:34:32 -0400

WASHINGTON/MOSCOW, May 21 (Reuters) - Russian President Vladimir Putin will unveil a government dominated by loyalists on Monday, leaving Prime Minister Dmitry Medvedev limited scope to pursue his...

PRESS DIGEST - Sunday British Business - May 20

Sun, 20 May 2012 08:27:30 -0400

LONDON, May 20 (Reuters) - The following business stories were reported in British newspapers on Sunday:

Russia Sberbank sees sale certainty after government formed

Sat, 19 May 2012 15:38:51 -0400

WASHINGTON, May 19 (Reuters) - Europe's second largest lender Russia's Sberbank will see some certainty over the planned privatisation sale after the new Russian government's lineup is announced on...

Murdoch denies planning to spin off UK newspapers

Sat, 19 May 2012 08:00:10 -0400

LONDON, May 19 (Reuters) - Rupert Murdoch has denied reports that News Corp is considering spinning off its British newspapers to protect the rest of his media empire from a phone hacking scandal.

UPDATE 2-Manulife, Metlife submit bids for ING Asia sale -sources

Sat, 19 May 2012 01:30:55 -0400

* Shortlisted bidders will be notified by end-May - sources