Neustar Inc. said a confidential e- mail that surfaced on a government website shows that the U.S. Federal Communications Commission has been urged to shift a contract for services held by Neustar over to rival Ericsson AB.
Medi-Clinic Corp. is seeking contracts to manage hospitals outside South Africa because it has too much debt to make further acqusitions, Business Report said, citing Edwin Hertzog, the company’s chairman.
Guinea awarded a contract to manage its electricity system to Electricite de France, or EDF, President Alpha Conde told a meeting broadcast on state-owned Radio Television Guineenne yesterday, without giving details.
Sam Nazarian, the Los Angeles restaurant and nightclub owner, is putting his SLS Beverly Hills luxury hotel on the market as part of a strategy to cash in on the company’s real estate investments and focus on its management operations.
Invista Real Estate Management Holdings Plc, the U.K.’s largest publicly traded property asset manager, said Lloyds Banking Group Plc is to end Invista’s contract to oversee 2.4 billion pounds of assets for its HBOS unit. Invista managed 5.4 billion pounds of assets at June 30, it said in a statement today.
Britain’s privatized rail network is undervalued by financial institutions, weighing on the market value of train companies and making it tougher for the industry to fund investment plans, the Department for Transport said.