Carlyle, Advent to team up for Patni stake sale: sources

By Sumeet Chatterjee and Michael Smith MUMBAI/HONG KONG | Tue Nov 23, 2010 8:44am EST MUMBAI/HONG KONG (Reuters) - India's Patni Computer (PTNI.BO) is a step closer to selling a majority stake for nearly $1 billion after years of talks, as private equity firms Carlyle and Advent plan to jointly bid for the stake in two weeks, sources said on Tuesday. Private equity firm Apax and Japanese technology company Hitachi (6501.T) are also likely to team Read more [...]

TDC Worth Up to 65 Billion Kroner, Share Sale Manager SEB Says

TDC A/S, a Danish phone company owned by five private equity firms, may be worth as much as 65 billion kroner ($12 billion) based on the valuation of its rivals, according to SEB AB, a manager of TDC’s stock offering. TDC, the nation’s largest phone company, may get an enterprise value of 65 billion kroner, or 10 percent higher than peers, based on SEB’s projections for the companies’ 2011 earnings before interest, taxes, depreciation Read more [...]

Red Wings’ Danny Cleary avoids significant injury, listed as day-to-day

Published: Monday, November 22, 2010, 12:10 PM     Updated: Monday, November 22, 2010, 9:48 PM Ansar Khan Follow DETROIT -- The Detroit Red Wings will know more about the condition of Danny Cleary when they return to practice Tuesday, but general manager Ken Holland on Monday said the forward does not have a significant injury.Holland said Cleary "got his bell rung'' and might have Read more [...]

Bakersfield’s List Reputation Not Harmful – KERO

National Lists Slant Negatively Toward BakersfieldBAKERSFIELD, Calif. -- A new list of the nation's most dangerous cities has Bakersfield in the middle of the pack, ranking 123rd in the nation out of 400 cities. The Bakersfield Metro Area ranks as the 21st most dangerous area according to the study by CQ Press released on Sunday. That number puts the area near the top of another national list and not in a good way.It seems like every couple of months the last few years Bakersfield and Kern County Read more [...]

Holiday closings listed

Henderson County Schools will be closed Wednesday, Thursday and Friday for Thanksgiving break. Also, offices of the city of Henderson and the state of Kentucky will be closed Thursday and Friday to observe Thanksgiving. Henderson County offices and offices of the federal government will be closed only Thursday, as will the Henderson County Public Library. Most Henderson banking institutions will be closed only on Thanksgiving, as will many other commercial enterprises. The Thanksgiving Read more [...]

Bharti hopes to stay listed

BHARTI Airtel says Zain Zambia shareholders should hold on to their shares to allow the company to be listed on the Lusaka Stock Exchange (LuSE). Company chairman Sunil Bharti Mittal yesterday said Bharti Airtel, the fifth world largest mobile telecommunications company, was eager to have its equity shares on LuSE. “We are not seeking delisting, we would really want that our shareholders have confidence in our future plans on how we will develop this company and hopefully this company stays Read more [...]

Pet Insurance Finalists of Moneyfacts Awards Listed

Consumer Moneyfacts Awards is the annually held awards ceremony, which gives UK consumers an opportunity to leave their honest feedback on various financial products and, thus, to select the best providers on the British market.Best Pet Insurance Provider is one of the categories that customers can vote for.Healthy Pets Insurance - a UK-based provider of health cover for pets - is pleased to announce that it made it to the finals of the prestigious ceremony this year.Commenting Read more [...]

Overnight Markets: US equities decline on Ireland debt woes

US stocks fell on Monday led by bank shares in response to Europe's intensifying debt crisis and concerns over an insider trading investigation in the US. The Dow Jones industrial average declined 25 points, or 0.2%, to 11,179. The Standard Poor's 500 Index dipped two points, or 0.2% percent, to 1,198. But the Nasdaq Composite Index gained 14 points, or 0.6%, to 2,532. Equities followed the euro's fall against the US dollar after Ireland's deeply unpopular government began to unravel on Monday Read more [...]

Dallas-Fort Worth has low inventory of ‘shadow’ homes

The Dallas-Fort Worth area has one of the lowest "shadow" inventories of unsold homes among major U.S. cities, according to a new study. But the addition of these houses to the market still significantly adds to the supply.Shadow inventory homes are properties that have been foreclosed on or are in the process of foreclosure but are not currently listed for sale. Housing analysts say this pending supply will keep prices depressed in many cities.Nationwide, there were more than 2 million shadow inventory Read more [...]