Cendant to Spin Off Mortgage Operations
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Cendant Corp. plans to spin off its mortgage and fleet-management operations to shareholders, ending speculation about the potential sale of the unit.
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United Rentals said it would accept last weekâs court ruling and stop pursuing a merger agreement with Cerberus Capital, seeking a $100 million termination fee instead.
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Impac Mortgage Holdings, a California home lender that suspended some operations last month, now plans to cease almost all lending and omit dividends for the rest of 2007 after âdisruptionsâ caused by rising defaults.
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Automatic Data Processing Inc., one of the world's largest payroll processors, on Friday said its board of directors approved the proposed spinoff its brokerage services unit to shareholders.
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SunGard Data Systems Inc. said Monday it will spin off its information availability services business, which helps organizations maintain access to their electronic data during everything from minor mishaps to major disasters.
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SEPTEMBER 15, 2004 -- The Cendant Hotel Group today announced that it will acquire the Ramada International Hotels and Resorts brand from Marriott International.
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SunGard, which provides software and services to top financial companies, is planning to announce Monday that it will spin off its disaster data recovery business into a separate publicly
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Freddie Mac FRE.N, the No. 2 U.S.  mortgage finance company, on Monday said it will restructure  its securities and sales trading group as part of an effort to  streamline its business operations.
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Countrywide Financial Corp, the largest U.S. mortgage lender, plans to cut 10,000 to 12,000 jobs to cope with weakened housing demand, rising foreclosures, and tightening credit markets.
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Online travel agency ebookers succumbed to a Â£209m bid from American travel and real estate group Cendant yesterday in a move which will see founder, chairman and chief executive Dinesh Dhamija pocket more than Â£92m.
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NEW YORK and LONDON, Dec. 16 /PRNewswire-FirstCall/ -- Cendant Corporation (NYSE:CD) today announced that it has agreed to acquire privately held, UK based Gullivers Travel Associates, the trading name of Donvand Ltd.
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Mortgage giant Freddie Mac announced Monday that it is shutting down some operations of its debt-securities sales division and transferring others - moves that experts said should tighten the company&#39;s internal controls after an
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WAYNE, Pa. - Software company SunGard Data Systems Inc. is dividing into two parts and spinning off its disaster-recovery technology business to shareholders, chief executive Cristobal Conde said.
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American Express Co. AXP.N, a global  credit card and travel services company, on Tuesday said it  will spin off its personal finance unit, American Express  Financial Advisors, to shareholders in the third quarter.
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Cendant Corp., the largest US travel and real-estate services company, agreed to buy Ebookers Plc, Europe&#39;s largest Internet travel company, for $404.3 million to increase its Web bookings overseas.
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Ceridian Corp  said Saturday it has resolved a proxy battle with its largest shareholder, clearing the way for the payroll processing company to be acquired by Thomas H. Lee Partners LP  and Fidelity National Financial Inc  for about $5.2 billion.
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SunGard, which provides software and services to top financial companies, will spin off its disaster data recovery business into a separate publicly traded company through a tax-free distribution of shares, according to executives.