Florian Rentsch, Hesse economy minister, is the first politician to confirm that the sale of Commerzbank is an option considered by the German government.
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LaSalle Hotel Properties acquires San Francisco-based Serrano Hotel
LaSalle Hotel Properties announced its acquisition of Serrano Hotel for USD71.5 million. Today, LaSalle Hotel Properties had announced acquisition of San Francisco-based Serrano Hotel.
China continues crackdown on corruption
China's corruption goes on overdrive with PetroChina officials falling in its wake. In a widening effort to push its anti-corruption campaign, China has included the country's most valuable company in its dragnet.
Barclays’s Azar sees Middle East transactions driven by sovereign funds
Mergers and acquisition in the Middle East would be driven by regional transactions and sovereign wealth funds, aaccording to Barclays Vice Chairman of Investment Banking Makram Azar.
Holcim and Cemex discussing possible means to address difficulties both face in Europe
Holcim would pay Cemex to absorb some of its businesses in Europe. Holcim, the Swiss cement maker, is planing to exchange assets and combine others with Cemex, its Mexican competitor in Europe.
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Award-winning writer Tricia Romano recounted for news site "The Daily Beast" how TV series "Breaking Bad" aptly depicted the recent state of the US healthcare system.
Credorax receives USD40 million equity investment for its expansion Online retailer acquirer and Payment Service Providers, Credorax, announced a USD40 million growth equity investment which would be used to support continued expansion of its platform.
Despite being next in line as chief executive of Infosys Ltd, Ashok Vemuri resigned from the company's board.
Deutsche Telekom was cleared of any wrongdoing in lawsuit filed by Kabel Deutschland. Deutsche Telekom emerged victorious when a Frankfurt court dismissed an overcharging case filed against the telecommunications company.
Seadrill would be expecting soaring profits in the next few years as energy companies venture into difficult waters.
The Thai government would be looking to appeal Philip Morris International Inc's victory in tobacco case requiring larger health warnings on cigarette packs.
A books website claimed that actor Bryan Cranston of "Breaking Bad" tv series will be playing Lex Luthor for the 2015 Superman film.
Daniel Janes stepped down as co-head of investment banking for Barclays PLC to "pursue new challenges," according to an internal memo held by Reuters.
The Syrian Electronic Army took responsibility of hacking sites like the New York Times and Twitter by targeting host Melbourne IT.
