UPDATE 1-Contest for Nokia's HERE seen as a three-way race NECKARSULM, Germany, May 22- The contest for Nokia's maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China's Tencent and Navinfo, people familiar with the process said. Finland's Nokia has started an auction of its maps business HERE while it completes its 15.6 billion euros...
| By: Andreas Cremer and Arno Schuetze
5 plays on big-name retail stocks "Fast Money" traders discussed how to play retailer Gap's mixed earnings report and CVS' acquisition of Omnicare.
| By: Jacob Pramuk
UPDATE 2-Carmakers team up with General Atlantic to bid for Nokia map firm - sources FRANKFURT, May 21- Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, according to two people familiar with the matter. Finland's Nokia started a strategic review of its maps business last month, setting in motion an auction process that...
| By: Edward Taylor and Arno Schuetze
China launches fund to bring back overseas-listed Chinese firms - China Sec Journal SHANGHAI, May 21- Shengjing, a Chinese investment advisor and manager, has launched the country's first investment fund dedicated to helping overseas-listed Chinese firms to delist and list instead on domestic stock markets, the official China Securities Journal reported on Thursday. VIE structures have been widely used by Chinese technology companies, in...
The 5 US states where China invests the most A new report shows more than 80,000 Americans are employed by Chinese companies, up from 15,000 five years ago. Here's where those jobs are.
| By: Michelle Caruso-Cabrera