According to a Reuters report, a struggling Alitalia would be closing shop soon if it won't be getting the cash it needs to implement Alitalia CEO Gabriele Del Torchio's long-term plans.
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JPMorgan nearing settlement with government on mortgage backed securities
JPMorgan's CEO met with the US Attorney General to finalize a settlement on the mortgage backed securities fraud investigations.
Atlas Ventures vouches AngelList to spur Boston startup seed funding marketplace
In an Upstart Business Journal report, Atlas Venture partner Jeff Fagnan endorsed startup investing network AngelList to Boston companies to increase venture capital investments in the area.
Data storage startup Box nears IPO dream
Online storage startup Box Inc co-founder Aaron Levie told an audience at a BoxWorks conference in San Francisco that the company's path towards an initial public offering would be the most natural thing to do.
Facebook should form a corporate venture group - report
Noticing the number of Facebook employees leaving the social media company, a Techcrunch report suggested that forming a new venture capital group would make sense to curtail the employee attrition.
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US and British regulators had charged interdealer broker firm ICAP's European arm and three ex-employees for rigging the London interbank offered rate to their benefit.
Kaufhof CEO Olaf Koch, in an interview, said the company is doing well and not considering mergers. Kaufhof, the German department store chain, is doing well but its owner Metro is planning to sell it.
Majid Al Futtaim Holding, the Gulf region's exclusive franchisee for Carrefour, is pulling out of Egypt and Syria.
The European Securities and Markets Authority had sought for the imposition of a levy for non EU clearing house operators.
Berlin is the site for the European headquarters of Etihad Airways. Eithad Airways recently unveiled its new headquarters in Berlin, enhancing the Gulf aircarrier's presence in Germany as well as the whole of Europe.
Oman is now opening itself to world class cargo operations. The Omani Government had laid out plans to make significant investments in new cargo facilities in various airports in the country.
Consumer goods conglomerate PepsiCo appoints new AMEA CEO in Sanjeev Chadha. PepsiCo Inc, the US based softdrink giant had announced its appointment of its new CEO for Asia, Middle East and Africa, Sanjeev Chadha to be made effective immediately.
Marek Belka, Poland's Central Bank Governor, had urged local banks to find opportunities through purchase of local rivals that are owned by foreign banks.
A joint venture firm of gaming tycoons Lawrence Ho and James Packer would be investing more than USD 5 billion to build a casino resort in Japan.
