Going forward, CEO Antonio Perez said the company needs the sale of a portfolio of 1,100 patents to survive because of the cash that could bring in.
Procter & Gamble Co
, the world's largest household products maker, raised its full-year profit outlook to include the sale of its Pringles snacks business, a new joint venture with Teva Pharmaceutical Industries and its restructuring plans.
South Korea's LG Electronics announced on Thursday a $945 million rights issue, mainly to fund a revival of its loss-making smartphone business.
LG Electronics, South Korea's loss-making handset maker, plans to issue new shares worth around $891 million to improve its cash flow, a source with knowledge of the matter told Reuters on Thursday.
Shares in LG Electronics Inc shares dived 14 percent on Thursday, their biggest daily fall in more than three years, on reports it was planning a $890 million share sale to fund new profit generators, as its core handset business struggles.
Yahoo Inc is contemplating the sale of a minority stake to a private equity firm followed by a large share repurchase, in a bid to buy time to turn around the Internet company, people familiar with the matter said.
Procter & Gamble Co. (NYSE: PG) said the sale of Pringles to Diamond Foods Inc. (NASDAQ: DMND) has moved from the front half to the back half of its fiscal year. The deal, which was earlier said to be closed by December 2011, is now expected to close before the end of June 2012.
The discounted HP TouchPad is back on sale now. Best Buy is selling the 32GB model of the HP TouchPad for its fire sale price of $149. But the deal is not as simple as it looks; the tablet is eligible for the discount price only with the purchase of a new PC.
Frontier Airlines is offering a one day only Happy Halloween sale for $8 flights.
Shares of Yahoo slipped nearly 7 percent in early Monday trading as services reported management may reward shareholders with a special dividend. Many had been hoping for a sale.
Troubled brokerage MF Global Holdings Ltd was nearing a deal late on Sunday night to file for bankruptcy protection and sell assets to Interactive Brokers Group , media reports said.
MF Global Holdings Ltd was in talks on Sunday with possible buyers with the goal squarely of doing a deal, though all options remained on the table as the firm hired restructuring and bankruptcy advisers, sources familiar with the situation said.
MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.
MF Global Holdings Ltd held talks with possible buyers on Sunday with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.
Chinese police have arrested 12,125 people during a crackdown on the sale of narcotics online and have confiscated more than 300 kg of illegal drugs, state news agency Xinhua reported on Sunday.
Members of MF Global Holdings Ltd.'s board of directors met Saturday to discuss options for the sale of the brokerage, Bloomberg News reported.
If you've been adamantly waiting to get your paws on an HP Touchpad during the $99 sale, the terms of how to snag a discounted tablet computer may come as a buzz kill for you: Best Buy announced the last TouchPad sale will be available exclusively in November...eligible for the discount price only with the purchase of a new PC.
MF Global Holdings Ltd. is racing to sell all or part of its business this weekend, with its futures brokerage business seen as the most attractive, a source familiar with the situation said Friday.
Hewlett-Packard will remain the world’s No. 1 PC maker. The company decided not to spin off its Personal Systems Group after all.
Tony Sparano, the head football coach of the Miami Dolphins rumored for weeks to be in danger of being fired, has put his Miami home up for sale.
John Lennon's tooth will be up for auction in November. Here is a slideshow of other unusual items that have been up for sale.
In the largest penalty of its type, UBS AG was fined $12 million by a U.S. brokerage regulator over the Swiss bank's systemic failure to properly handle millions of short-sale orders.