Morgan Stanley, a big investment bank, has bought stakes in three groups, Avenue Capital, FrontPoint Partners and Lansdowne, at a total cost believed to be more than $1 billion.
Take Bharti Airtel, an Indian telecoms giant, which last year spun off a $1 billion minority stake in its network-infrastructure business, Bharti Infratel, to a group of investment funds.
Physical appearance seems to be only part of the equation.Despite the billions of dollars forked over every year for cosmetics and beautification procedures, looks aren't the whole kit and kaboodle.
PQ Will Combine With Ineos Silicas — PQ Corp. and Ineos Silicas will combine to create a new producer of silicates and other inorganic chemicals with annual sales in excess of $1 billion.
The Federal Reserve came to the aid of insurance giant AIG, engineering an $85 billion rescue, staving off the bankruptcy and hoping to bring a measure of calm to a shellshocked global market.