Let’s count the events of the day

 

 

1. Hutchison Whampoa Said to Bid EU2 Billion for Eircom

Billionaire Li Ka-shing’s Hutchison Whampoa Ltd. (13) made a bid of about 2 billion euros ($2.6 billion) for Eircom Group, the Irish phone company in supervised credit protection, people with knowledge of the matter said.

2. Manchester City Signs Deal With Nike as Team Uniform Supplier

Manchester City, owned by a billionaire member of the Abu Dhabi royal family, signed a six-year agreement with Nike Inc. to have the world’s largest sporting-goods maker supply the soccer team’s uniforms.

 

3. ‘The Scream’ Sells for Record $120 Million at Sotheby’s

Sotheby’s (BID) managed a record price and sale tally at last night’s auction in New York, even as 15 lots went unsold.

The star was one of Edvard Munch’s four versions of “The Scream,” which set a record for a work of art at auction when it sold for $119.9 million.

“The Scream” smashed the previous record of $106.5 million, established in May 2010 by Pablo Picasso’s “Nude, Green Leaves and Bust.” The price for the Munch, which includes Sotheby’s $12.9 million commission, exceeds Christie’s entire Impressionist and modern art sale the night before.

4. Samsung Galaxy S3 to hit Indian markets soon

The much-awaited Samsung Galaxy S-III smartphone, which was unvieled here last evening, is expected to hit the Indian markets soon.
The Galaxy S-III model would be available in the European market towards the end of the current month and subsequently in the other parts of the globe from June onwards, Samsung Electronics President and Head of IT & Mobile Communications Division J K Shin said.

5. Govt plans to set up fund for buying overseas coal assets

NEW DELHI: Coal Minister Sriprakash Jaiswal today said the government is planning to set up a fund for acquiring of coal assets abroad and urged public sector companies to be proactive in making decisions on foreign investments.
The fund would be similar to a sovereign wealth fund. The Minister's comments come against the backdrop of severe coal shortage hurting power, steel and other sectors.
Jaiswal said even though Coal India Ltd (CIL) has surplus resources for investing outside, it is important to have financial support from the government for acquiring large assets abroad.