Panasonic Corp. (PC) provided another update on the acquisition of SANYO Electric Co Ltd. (SANYY) at its Board Meeting held on Nov 4, 2009. The company announced the start of its tender offer to acquire 3.1 billion shares of SANYO (or more than 50% of the company’s total shares) for approximately $4.4 billion (403 billion yen).  Earlier, Panasonic had planned to take over all of Sanyo's shares. Panasonic had entered into a capital and business alliance agreement with SANYO in Dec 2008. The latter is a leading company in the rechargeable battery business focused on lithium-ion rechargeable batteries. Panasonic is one of the leading manufacturers of electronic and electrical products, systems and components.  The tender offer is planned for Nov 5 through Dec 7 at a price of $1.4 or 131 yen per share. Goldman Sachs, Daiwa Securities SMBC and Sumitomo Mitsui Banking Corp. (Sanyo's ...

Six global exchange-traded funds track Islamic indexes, according to Chicago-based data researcher Failaka.

Nasdaq OMX Indexes is about to break into the already crowded field of index providers targeting Islamic investors.

Versions of the flagship Nasdaq 100 Index and Nasdaq Biotechnology Index are to be launched in the first quarter 2009.

Dow Jones, MSCI, FTSE Group and financial services firms including HSBC and Citigroup have long lists of stock indexes, and to a more limited extent bond indexes, refashioned for the Islamic world.

Currently, there are six exchange-traded funds globally tracking Islamic indexes, according to Chicago-based data researcher Failaka.

Three are from Barclays Global Investors' European iShares ETF family based in London. The iShares track the MSCI Emerging Market Islamic, USA Islamic, and World Islamic equity indexes. BNP Paribas has an ETF based on the Dow

...