OSX's Batista undergoes restructuring before bankruptcy proceedings
A new CEO was recently installed for billionaire Eike Batista's OSX as it prepares itself for bankruptcy and other legal processes, according to its lawyers.
South/Central America
Joe Biden Administration Sanctions Colombian Maritime Companies Preying on Vulnerable Migrants Seeking to Enter US
The administration of President of Joe Biden has implemented visa restrictions on executives of several Colombian maritime transportation companies accused of exploiting vulnerable migrants seeking to enter the US.
American Businessman Accused of Hiring Hitman to Kill His Wife for Massive Insurance Money Admits Funneling Millions to Lover's Business
An American businessman is currently on trial in Jamaica for allegedly hiring a hitman to kill his wife to collect a massive life insurance payout...
Taiwan Seeks US Funding as Chinese Warplanes Slowly Approach the Country
Taiwan's military engages in talks with the United States over newly allocated funding following reports of Chinese military aircraft breaching the sensitive median line of the Taiwan Strait...
Brazil Judge Opens Inquiry Into Elon Musk for Alleged Obstruction of Justice
A Supreme Court judge in Brazil has launched an investigation into Elon Musk for alleged obstruction of justice...
Latest News
Vale exits USD1.1 billion worth Hydro asset
Brazilian mining giant Vale had put up for sale its USD1.1 billion stake in Norwegian aluminum supplier Norsk Hydro, significantly reducing its stake in the company to 9.74%.
DesignCrowd wins USD3 million from investors to grow its freelance platform in the US
Sydney, Australia-based DesignCrowd claimed that its crowdsourcing marketplace was more fair and transparent to freeland designers, and intended to expand its business in the US.
KPN Foundation to give up shares in Royal KPN post-Slim bid
After moving to block an attempted takeover of Royal KPN NV by Carlos Slim's America Movil, KPN Foundation was considering exiting its ownership stake in the Dutch phone company.
Miss Venezuela is 2013 Miss Universe winner
Maria Gabriela Isler was crowned 2013 Miss Universe in Moscow, Russia.
Photos of the week
Photos of the week
Deals of the day - Mergers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday.
OSX Brasil SA's secured debt issue increases in value
Amidst rumors of a pending bankruptcy filing, secured bonds of OSX Brazil now trade at a two month high.
Johnson Controls acquires majority share in South American battery company
Johnson Controls recently bought 90% of the stakes in battery maker MAC.
Telecom Italia is selling off assets to raise funds
The assets it owns in Argentina as well as towers in Italy and Brazil are but some of the assets seeking Telecom Italia seeks to unload.
