Richard Perry's fund, Perry Corp. had increased its holdings in JC Penney Corp. by adding 3 million shares in the stake it already owns in the retailer.
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Trading halt highlights Nasdaq’s lack of communication in technological failures- asset managers
Asset managers questioned the sufficiency of the communications efforts undertaken by Nasdaq when trading halts during technological crisis.
Pentagon says foreign investment still encouraged in the US
Pentagon said it still wanted foreign companies to do business in the US, but takeovers must not put national security at risk.
Microsoft will give board seat to ValueAct president
Microsoft Corp. announced on Friday that it had offered ValueAct Capital Management LLC President Mason Morfit to join the tech giant's board of directors.
Mexico exchange cancels Frisco's trades due to computer error
An anonymouse bourse official of the Mexican bourse told Reuters that the bourse canceled Minera Frisco's trades in the last 10 minutes of trading today as the share price spike was caused by a computer glitch.
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Merger and acquisition deals in India had slowed down after fears on US and UK anti-bribery laws threatened investment.
Arturo Elias, Carlos Slim's chief spokesman said America Movil had no intentions of raising its offered bid for the remaining stake of KPN.
A US judge had granted the request of American Airlines and US Airways for an earlier trial against the US Justice Department that intends to block the two companies' planned USD11 billion deal.
AMC Entertainment announced a new initial public offering as it sought to raise USD400 million. AMC Entertainment Holdings Inc. is the biggest movie theater operator owned by the richest man in China, Wang Jianlin.
China Petrochemical Corp.'s unit, Sinopec International Petroleum Exploration & Production Corp. had agreed to pay USD3.1 billion for Apache's Egyptian oil and gas businesses.
Vodafone Group had announced selling its 45% stake in Verizon Communications that would end a 14-year old venture.
Zurich Insurance's Chairman Josef Ackermann resigned abruptly following the death of the company's CFO Pierre Wauthier.
American Express was said to compete for a stake in Foursquare Labs. American Express Co. had been reported to compete for an equity stake in Foursquare Labs.
Zurich Insurance Group dispelled its concerns about the resignation of Josef Ackermann in the wake of its CFO's death.
