Market Chatter-Corporate finance press digest

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August 12, 2013 by apicomely

* Russia’s Onexim group, owned by tycoon Mikhail Prokhorov, is in talks to buy half of mobile phone retailer Svyaznoy, Kommersant newspaper said on Friday, citing sources. * CVC Capital Partners Ltd and KKR & Co have expressed interest in buying Neiman Marcus Inc, the luxury retailer that filed for an initial public offering in June, Bloomberg reported, citing people familiar with the matter. () * Starboard Value LP, an investor in Smithfield Foods Inc , approached buyout firms and meat processors to encourage them to form a bidding group to derail a Chinese takeover, said two people familiar with the process, Bloomberg reported. ()

Tethys Petroleum Limited Appoints Clive Oliver – Vice President Finance

Consider: six months ago, there wasnt much hope that both parties might find a way to work together on this issue anytime soon. 5. but any overhaul wont happen tomorrow. Mr. Obama said he hoped that a housing-finance overhaul could get done before the end of the year. Many political analysts dont see this happening before 2015 because Republicans in the House of Representatives are still far apart from Democrats and some Republicans in the Senate.

Five Takeaways on Housing-Finance Reform From Obama’s Town Hall

Clive is a Member of the Institute of Chartered Accountants, with 20 years post qualification experience having qualified with Deloitte & Touche – Australia, before re-locating to London in 1996 where he was a Senior Manager of the Financial Services Practice. Between leaving Deloitte and Touche and joining Essar, Clive held a number of senior positions with Charles Taylor plc. Bernard Murphy, Chief Financial Officer, commented: “The appointment of Clive is a most welcome addition to our team and further strengthens it following Denise Lay’s promotion to Deputy Chief Financial Officer. As Vice President Finance Clive will be a key figure in managing and developing the finance function within our expanding company.

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