China Bank to Buy $1 Billion Stake in Bear Stearns
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Bear Stearns would also invest in the state-run Chinese investment bank, and the two would pool their Asian businesses outside China.
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China's biggest computer maker, Lenovo Group, said Wednesday it has acquired a majority stake in International Business Machines Corp.'s personal computer business for &#36;1.75 billion, one of the biggest Chinese overseas acquisitions ever.
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SHANGHAI/BEIJING  - Barclays  has won regulatory approval to buy into a Chinese trust company, securing a foothold in the country's fast-growing asset management sector, two sources familiar with the situation said on Monday.
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HSBC Holdings is in talks to buy Korea First Bank from its controlling shareholder, Newbridge Capital.
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Bear Stearns Cos, the U.S.  investment bank battered by slumping mortgage markets, and  China's CITIC Securities Co have agreed to swap stakes in each  other and form a broad alliance, the firms said on Monday.
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Morgan Stanley  said on Monday it has acquired China's Nan Tung Bank, a deal that would give the Wall Street giant a coveted onshore commercial banking license in China ahead of U.S. investment bank rivals.
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Joseph C. Lewis, who became a  billionaire trading currency, has taken a 7 percent stake in  Bear Stearns Cos Inc , snapping up about $860 million  worth of the investment bank&#39;s stock over the past two months.
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WASHINGTON - Bear Stearns Cos. , reeling from mortgage-related losses, shored up investor support by selling a stake to China's government-controlled Citic Securities Co. and gaining a foothold in the world's best-performing stock market.
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The Brit has been buying up a big stake in beleaguered bank Bear Stearns.
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BEIJING/SAN FRANCISCO  - China's largest personal  computer maker, Lenovo Group Ltd. 0992.HK, said on Wednesday  it is buying control of IBM's PC-making business for $1.25  billion, capping the U.S. tech giant's gradual withdrawal from  the business it helped pioneer in 1981.
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British billionaire Joseph Lewis has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up about $860 million worth of the investment bank's stock.
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Reclusive billionaire Joseph C. Lewis, who made his fortune trading currencies, has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up the investment bank's sagging stock to become one of its largest shareholders in less than a month.
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Walt Disney Co. and four Chinese investment firms are set to take an 11 percent stake in the National Basketball Association's Chinese subsidiary, The New York Times reported on Monday.
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China's biggest bank is buying a 20% stake in South Africa's largest lender for $5.5bn.
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Lenovo Group said Wednesday it has acquired a majority stake in International Business Machines Corp.'s personal computer business for $1.25 billion, one of the biggest Chinese overseas acquisitions ever.
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Walt Disney Co and four Chinese investment firms are set to take an 11 percent stake in the National Basketball Association's Chinese subsidiary, the professional basketball league said on Monday.
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Bear Stearns Cos  shares soared  7.7 percent on Wednesday on a report that several investors,  including Warren Buffett, may buy part of the Wall Street  investment bank.