stake

Einhorn will pay $200 million for a minority share in the team, and is expected to have the first option to buy a majority stake if the present owners, Fred and Jeff Wilpon, and Saul Katz, decide to sell.

Fred Wilpon, Chairman & Chief Executive Officer for the New York Mets said, "We are very excited about David joining our ownership group for several reasons. David's investment immediately improves the franchise's financial p

The New York Mets announced today that they had chosen David Einhorn, the president of hedge fund Greenlight Capital as a limited partner.

BofA acquired the 34% stake in BlackRock when it took over Merrill Lynch during the financial crisis.

Bank of America shares are up 0.04%, or $0.01, to $11.70.

Shares of Bank of America (NYSE:BAC) are higher on a Bloomberg report that the bank agreed to sell its remaining stake in BlackRock (NYSE:BLK) for $2.5 billion. In all, BofA will sell 13.6 million shares to BlackRock for $187.65 a

Philip Morris now holds just over 17 million shares, or a 9.9% stake, in Medicago, which uses tobacco leaves to make influenza vaccines for pandemic and seasonal flus.

Philip Morris opened down 16 cents at $64.76 and hit a low of $64.65 before reversing direction and breaking into positive territory in the first hour of trading. It's currently trading at $65.76, up 84 cents, or 1.29%

Philip Morris International (PM) has reversed an opening bell loss and is up over 1% at mid-day after announcing that it bought a $9 million stake in Medicago.

He said his firm, Berkshire Hathaway (NYSE:BRK.B,NYSE:BRK.A) is actively looking at large countries like India for investments, adding he considers the country much more than an "emerging market." India is the second most populous

Buffett spoke in Bangalore, where he visited TaeguTec India, a un

Warren Buffett is visiting India for the first time ever, and the billionaire master investor said he sees the subcontinent as "a logical investment destination," and is looking at opportunities to invest in the massive country.

Talks have been on and off, and the deal may not happen as the companies have not been able to agree on a valuation for T-Mobile USA, which recently reported a drop in profitability in the 4th quarter.

A Sprint/T-Mobile USA merger would combine the 3rd and 4th largest U.S. wireless providers behind Verizon Wireless and AT&T (NYSE:T).

Bloomberg reported today that Deutsche Telekom AG has been in talks to sell T-Mobile USA to Sprint Nextel Corp (NYSE:S) in exchange for a stake in the combined entity, according to unnamed sources with knowledge of the matter.

This is another signal that Russia is opening up its massive energy reserves to foreign investors, coming on the heels of BP's (NYSE:BP) $16 billion share-swap deal for three offshore Arctic licenses with Russian energy company Ro

Total's stake will rise to 19.4% in three years, and the french company will get a seat on Novatek's board of directors.

French energy giant Total SA (NYSE:TOT) said it will pay $4 billion for a stake in Russia's largest independent gas producer, Novatek, and is joining the company's huge Arctic natural gas project.

The Wall Street Journal reports Yahoo (YHOO) has been in talks to potentially unload its stake in Yahoo Japan, among many other options, though no deal is near. Reuters reports India's Tata Steel raised its stake in Australia's Ri

This is what's in the news for Tuesday, March 1st, 2011. the New York Post reports that Morgan Stanley (MS) is said to be looking to complete the spin-off of FrontPoint Partners as early as today, even as the fund is being hur