IVCPOST Staff Reporter

Yury Kovalchuk's Bank Rossiya, partners purchase half of Tele2 Russia

Yury Kovalchuk's Bank Rossiya and his partners purchased a 50% stake in the Russian unit of Tele2.

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Roche CEO squelches possible merger with Novartis

Roche Chief Executive Officer Severin Schwan said the founding families of Roche Holding would prefer to remain independent.

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Police arrests airport employee for causing dry ice explosions in LAX

Police arrested a baggage handler for the Sunday ice explosions at the Los Angeles Airport.

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Study finds Oreos addictive like cocaine

A study found that Oreo cookies were as addictive as cocaine.

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Hydraulic clutch issues cause Harley-Davison to recall motorcycle units

Harley-Davidson recalled some motorcycle units because of problems with its hydraulic clutch system.

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Harley-Davidson recalls 2014 motorcycle models

Harley-Davidson voluntarily recalled several motorcycle models made between May to October this year.

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Snapdeal eyes new financing deal

A group of private equity investors, SoftBank and eBay had pumped in around USD150 to USD200 million worth of new funding to online marketplace Snapdeal.

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Lehman Brothers Australian creditors approve insurance payment plan

Lehman Brothers' Australian creditors had approved a proposed insurance payment plan that allowed the company to receive around USD48 million.

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Japan Gangster get loans by hiding crime ties

Orient Corp, a Japanese consumer credit company, had been probed by authorities for lending to crime groups with Mizuho Financial Group Inc.

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BlackRock cuts Hong Kong investment

BlackRock Inc. had reduced its Hong Kong investment after slow growth in the economy, said a Bloomberg report.

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Slim's European expansion plans put on hold

The European expansion plans of billionaire Carlos Slim was put on hold after failing to persuade the management of KPN to accept his takeover proposal.

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Twitter hires Google Advertising Executive

Ahead of its IPO, Twitter hired JJ Hirschle, a former Google advertising executive as the company aimed to expand its businesses and strengthened its workforce.

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Obama urges Congress to move on after settled debt issue

US President Barack Obama had urged the Congress to move along with other agendas after reaching a deal to end the partial shutdown of the country.

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Asiasion Capital share sale questioned by SGX

The Singapore Stock Exchange had questioned the authority of Asiasons Capital to issue new shares for the acquisition of a stake in a US oil and gas company.

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Jos. A. Bank Chairman sees strong support from investors for Men's Wearhouse offer

Jos. A. Bank Chairman Robert Wildrick said in an interview last Wednesday that the US apparel retailer had received strong support from top shareholders in the company for its Men's Wearhouse Inc. bid valued USD2.3 billion.

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