Former IBM Managing Director Michael Dobak has been elevated to CEO by Ogilvy & Mather. Ogilvy & Mather (O&M), one the leading marketing communications companies in the globe, announced 44-year-old Michael Dobak as CEO of California-based Ogilvy & Mather West.
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Facebook for every phone gains 100 million monthly users
The project of social networking giant, Facebook for every phone, was expected to give a huge boost to the company after gaining 100 million users each month.
Weyerhaeuser Company acquires Longview Timber
Weyerhaeuser Company announced that the company has completed the acquisition requirements for Longview Timber LLC.
Amanda Bynes meets criteria of psychiatric hold
Award-winning actress, fashion designer and singer Amanda Bynes was hospitalized after meeting the criteria for 5150 psychiatric hold.
Hall raises US$5.5 million from venture capitalists
Hall revealed that it had sealed its funding round, collecting around US$5.5 million from capital venture funds.
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Flagstar Bancorp Inc gains USD 44 million in second quarter 2013 Flagstar Bancorp, Inc. , Flagstar Bank's holding company, announced its second quarter net income for 2013 of USD 65.
LiveMinutes announced that it had received up to US$1.4 million from investors that include Great Oaks Venture Capital, New World Ventures, Ali Rosenthal, and Sam Yagan.
Wheelock Street Capital announced that they have acquired a six hotel portfolio located in Ohio and in Texas, Tennessee from Lingate Hospitality Group.
Time Warner Cable and CBS have yet to reach a conclusion regarding the re-transmission of CBS programming.
TPG admited that its recent purchase, Assisted Living Concepts Inc., will need a lot of work for it to succeed.
Solis Capital announced that it had sold a majority stake in Tigers to GeoPost S.A. Solis Capital Partners LLC, a Newport Beach-based private equity group, revealed that it had sold its majority interest in Tigers Ltd to GeoPost S.
Unidas announced plans for a public offering. Unidas, the Brazilian car rental company, announced plans for a public offering. The company said that they plan to use the funds from the public offering to finance potential acquisitions.
KKR revealed that it has secured an average combined interest rate of 4.8% for the funds to be used in the acquisition of Gardner Denver Inc.
Travelers Cos. reported its biggest decline since 2008 in most recent quarterly report. Insurance company Travelers Cos. (TRV) announced the largest quarterly decline in five years during the reporting of its second-quarter results.
