Comcast Corp CMSCA.O is buying Time Warner Cable Inc (TWC.N) for $45.2 billion in an all-stock deal, combining the nation’s two largest cable operators, according to people familiar with the matter. The friendly takeover comes as a surprise after months of public pursuit of Time Warner Cable by smaller rival […]
Capital Market
Lloyds Posts Fourth Consecutive Loss on PPI Compensation Costs
Lloyds Banking Group Plc (LLOY), Britain’s biggest mortgage lender, posted its fourth consecutive annual loss after earmarking 3.5 billion pounds ($5.8 billion) to compensate clients wrongly sold loan insurance and swaps. The net loss narrowed to 838 million pounds for 2013 from 1.43 billion pounds in 2012, the London-based bank […]
IMF Develop Template for Govt to collect data on Revenues from Natural Resources
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday said it has developed a draft template for countries to use for the collection of data on government revenues from natural resources, based on the revenue classifications of the Government Finance Statistics Manual 2001 (GFSM 2001). The IMF said […]
