Confie Seguros acquires two insurance brokerages

Confie Seguros acquired DeFranco Insurance Agency and Insurance Group of America. One of the fastest growing national providers of personal lines insurance, Confie Seguros, announced today its acquisition of two insurance brokerages, namely DeFranco Insurance Agency Inc of Niagara Falls, NY and Insurance Group of American Inc dba City Insurance of Palm Springs FL.


G4S to divest poor-performing units, lay off workers in bid to regain market share - report

G4S Chief Executive Ashley Almanza had launched several company restructuring moves, including a divestment of its 35 business units.

Jos A Bank Clothiers speaks up for the rejection of due diligence request

After the denial of its request for partial due diligence, Jos A Bank Clothiers speaks up and to the Men's Wearhouse board.

MHT and MidSpan Banks form MHT MidSpan Bank

The two banks for middle market advisory services have merged to provide a wider range of portfolio services to its clientele.


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Etisalat and Vivendi formalize agreement as to the sale of Maroc shareholdings from Vivendi to Etisalat.
Online wedding registry website Zola received USD3.25 million in funding led by Thrive Capital, with participation from investors including Gilt Groupe founder Kevin Ryan.
Tilal Development would used the proceeds raised in the sukuk sale for the expansion of its flagship project in Muscat, Oman.
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp expanded its existing joint venture to effective save production costs.
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
OpenText Corp, a Canadian business software maker, acquired cloud computing company GXS Group Inc to strengthen its holding in the enterprise software market.
American pharmaceutical company Endo Health Solutions Inc entered into a definitive agreement to acquire Paladin Labs Inc for USD1.6 billion.
Spanish telecommunications firm Telefonica said it had sold a 65.9% interest in its Czech unit to investment group PPF.
UAE's Emirates Telecommunications Corp. (ETISALAT) would be the new owner of a portion of Vivendi SA's stake in Maroc Telecom SA.