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Schaeffler Terminates Agreement with Continental AG

Schaeffler terminates investment agreement with Continental AG. Continental AG of Germany said that its shareholder Schaeffler has sent a notice of termination for an investment agreement in force since August 2008.


Elan Corp Pulls Off Theravance Deal

Elan Corp pulls off deal for Theravance respiratory medication royalties from GlaxoSmithKline. Elan Corporation, the Irish pharmaceutical firm has entered into an agreement on royalties to alleviate concerns about its acquisition strategy as well as be able to blunt the takeover bid of Royalty Pharma.

Experian Plc sells its market research services unit

Experian sells off its market research services unit to WPP. The global information services company, Experian Plc has announced Monday that it has agreed to sell off its market research services.

Blackstone to purchase LIC's 14% in SHCI

Blackstone is preparing to make an offer for the 14% shareholdings of LIC in Stock Holdings Corporation of India.


Latest News

Danone purchases organic baby food maker Happy Family for an undisclosed amount. The Paris based owner of Evian water and Activia yogurt, Danone, has entered into an agreement to purchase Happy Family, an American manufacturer of organic baby food.
Coleman Cannon adds his expertise to the San Francisco office of Silicon Legal Strategy. Silicon Legal Strategy disclosed today the addition of Coleman Cannon as Senior Associate in its San Francisco headquarters.
Jeff Richard appointed EVP and CFO for Checkpoint Systems. In an announcement on Monday at 11:00am EST of Checkpoint Systems, it disclosed the appointment of Jeff Richard as the new Executive Vice President and Chief Financial Officer to take effect on the 28th of May 2013.
Glencore Xstrata decides on work stoppage to cut costs amidst falling demand and declining prices for coal in the world market.
Iceland's current dilemma is removal of capital controls but by increasing the money supply, it would present long term risks to its capital market.
The Partnership Assurance Group undertakes IPO, with its owners Cinven planning to sell shares as well as issue new ones.
Goldman Sachs invests US$20 million in BPL Medical Technologies, its second investment in as many weeks.
AirAsia X, the long haul carrier of the largest budget carrier in Asia, would be doing an IPO. AirAsia X Bhd is starting to feel out investor interest for the initial public offering for the long haul unit of the largest budget carrier in Asia.
Carson Block is on the attack against the debt portfolio of Standard Chartered bank. Carson Block is hedging against the debt portfolio of Standard Chartered Plc, saying that the UK bank is earning most of its profits from Asia due to its loan quality deterioration.
Masayoshi Son, Softbank co-founder and President is planning to build a Silicon Valley office for the merged Softbank-Sprint company.