Papantoniou Supermarkets subject of takeover bid

C.A.C Papantoniou Public Co Ltd (PAPA.CY) announced that Messrs. Charalambos, Antonis and Costas Papantoniou, major shareholders and Board members, have acquired via off-floor transactions 2,318,720 shares of C.A.C Papantoniou Public Company Limited

Obama says bank execs should forego bonuses

U.S. banking executives should forgo big bonuses since the economy is faltering and hundreds of thousands of workers face job cuts, President-elect Barack Obama said in an ABC News interview airing on

Ocean Tankers sells ship

Ocean Tankers Holdings Public Company Ltd (OCT) announced that it decided to sell tanker M/T Gemi at the price of $28 mln, which had been acquired by the Company for $22.9 mln

Moody’s affirms Bank of Cyprus ratings

Moody's announced that it has affirmed all ratings of Bank of Cyprus, with their stable outlook, following the completion of its acquisition of an 80% majority and controlling stake in Russia's Uniastrum