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Rio to offload US packaging business

MAJOR miner Rio Tinto has appointed an investment bank to find a buyer for its $US5 billion packaging business, newspaper reports say.

The packaging business was acquired last year, after Rio Tinto was successful in its takeover bid for Alcan, Canada's largest aluminium company. The offloading of the packaging business was part of the $US38.1 billion ($42.49 billion) takeover when it was announced in July last year. The UK's Daily Telegraph newspaper said Rio Tinto had appointed investment bank Morgan Stanley to find a new buyer for the business. It said a deal to offload the packaging arm broke down late last year after the global credit crunch made it difficult for private equity buyers to raise the necessary funds to complete the transaction. Morgan Stanley was likely to break up the packaging business "in an effort to make it easier for private equity buyers to carry out a deal", the newspaper said, quoting sources within the industry. more

Business Degree Key to Success as Your Own Boss

(ARA) - You've always dreamed of working for yourself, but scary statistics about the number of start-ups that fail in their first year have kept you behind your desk, pushing paper for someone else's profit. Yet there are a number of ways to stack the deck in favor of success when you're ready to strike out on your own, starting with getting a business degree."Research has suggested important links between education and . . . entrepreneurial performance," according to a U.S. Small Business Administration study. Author Scott Shane, a Case Western Reserve University professor of entrepreneurial studies, also sees a strong link between education and entrepreneurial success. In his book "The Illusions of Entrepreneurship," Shane asserts that a degree increases an entrepreneur's chances of success, according to a recent report in U.S. more

Britney Spears - Spears Brother To Mind Britneys Business

BRITNEY SPEARS' brother BRYAN is heading to court in a bid to seize control of the singer's businesses. Bryan Spears, 30, and attorney Ivan Taback were named co-trustees of Britney's trust fund after the Toxic star suffered a mental meltdown earlier this year (08). They want to ensure all Britney's businesses fall into their ownership as part of the co-trustee deal. The account already holds most of her financial assets but her companies' interests were not automatically transferred. Bryan and Taback are taking their challenge to Los Angeles Supreme Court on 17 April (08). If successful, Britney's SJB account will be the confirmed owner of such companies as Britney Brands Inc., Britney Films Ltd., Britney Online Inc., Britney Television LLC and Fairy Zone Productions. The co-trustees fear some of Britney's companies need urgent attention - in terms of unpaid tax bills, litigating matters and ongoing business requirements - insisting ownership must be established. more

Recent Business Financial Services Venture Capital Development News

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Boston, MA ( PRWEB ) March 18, 2010 -- Venture capital ... products and services in the market which drive industries forward. These investments are also critical in ensuring the most promising and viable ideas, technologies, and business models are ...

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Duran Ventures Announces Joint Venture Agreement on ... - Financial Post

To date, LeBoldus has been a capital pool company with the business of identifying a qualifying transaction ... Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release ...

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Schwabo Capital Corporation and CREAC One, Inc ... - Market Wire

... Business Corporations Act , and has not yet commenced significant business operations and has no history of operations or financial history. It has engaged Wellington West Capital ... shared services, international project development, and ...

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Feri EuroRating Services AG and LACE Financial Corp ... - Earthtimes

NEW YORK - (Business Wire) Feri EuroRating Services AG and LACE Financial Corp (“LACE”) have ... owned subsidiary of Feri EuroRating Services AG , believes that the venture will be a positive development for the market. “This venture will allow ...

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Feri EuroRating Services and LACE Financial Corp ... - Structured Finance News

Feri EuroRating Services and LACE Financial Corp. have created a joint sales ... a wholly owned subsidiary of Feri EuroRating Services , believes that the venture will be a positive development for the market. “This venture will allow participants ...

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CME Group and Dow Jones & Company Launch Joint Venture ... - PR-USA.net

... announced the launch of the new joint venture company, CME Group Index Services LLC. CME Group has a 90 percent ownership interest and Dow Jones has a 10 percent ownership interest in the new company, which continues to do business as Dow Jones ...

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Private equity group invests $425 mln in Asian Genco - Reuters India

... firms that were part of the investment group include Norwest Venture Partners, Everstone Capital and PTC India Financial Services, said General Atlantic, a U.S. buyout firm. Asian Genco is an Indian infrastructure development company with ...

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Tree Top Industries Announces Business Development ... - MSN Money

... announces the signing of an agreement with Asia Pacific Capital Corporation ("APC") to position itself in front of APC's global business ... stages of development; using several different paradigms, including exchange of stock, joint venture,

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... refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business ... Neither The TSX Venture Exchange nor its Regulation Services Provider (as ...

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The TSXV's not-so-excellent venture - Vancouver Sun

On Monday, the TSX Venture Exchange welcomed a new listing, Times Telecom Inc., a Richmond-based provider of long-distance and Web-based telecommunications services ... negative working capital, which limits its ability to withstand financial ...

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Top Business Financial Services Venture Capital Development Links

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Adams Capital Management - http://www.acm.com/ Investment focus: companies in the information technology, telecommunications and medical equipment industries that have experienced ...

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