Apollo and Cooper Tire decided on a tentative agreement with trial to begin on Tuesday. NDTV Profits reported that a tentative agreement with workers of United Steelworkers union and Cooper Tire & Rubber Co was reached.
Deals
IDB invests in Saudi Arabian cheese industry
The IDB investment in Saudi Arabia's cheese industry includes the acquisition of shareholdings and the construction of a cheese factory.
Fairfax having difficulty in funding for Blackberry offer - sources
Fairfax Financial Holdings Ltd had until November 4 to negotiate a definitive agreement to buy out Blackberry Ltd.
Warburg Pincus to exit from Transpacific stake
Warburg Pincus sold its ownership stake in Transpacific Industries Group at AUD1.05 per share. On Saturday, a Transpacific Industries Group spokesperson said the shareholder Warburg Pincus would be selling its stake in the waste management firm through UBS.
National Bank of Abu Dhabi set to expand internationally
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.
Latest News
Greece’s growing tech scene has aided in the recovery of the country’s economy. According to a Reuters column article, Greece suffered an unemployment rate of 27.
Despite its planned investment in Peugeot Citroen, General Motors Co said its relationship with the Shanghai Automotive Industry Corp or SAIC remained strong.
CSC agreed to buy Ignition Partners-backed enterprise cloud management company ServiceMesh. Next-generation information technology services and solutions leader CSC, originally called Computer Sciences Corporation, said it had agreed to purchase ServiceMesh.
A regulatory filing showed that Yucaipa Cos has given a USD 261 million or USD 8 per share offer for Morgans Hotel Group Co.
Qunar, China’s travel booking service, raised USD167 million in initial private offering on its first day of trade.
NEWSCYCLE Solutions announced that it had bought the Atex AdBase advertising systems business from the Atex Group.
Twitter initial public offerings increased to USD26 per share by The Wall Street brokerage. On Friday, Morningstar united with three brokerages after setting price aim for Twitter Inc.
Morgan Stanley, in the wake of outrage from bailouts in the last crisis, is seeking investments that provide long term social benefits for the community.
ING Group announced its exit from its EUR24 billion or USD33 billion mortgage securities portfolio. Dutch financial services firm ING Group announced on Friday that would it be exiting from a series of US mortgage-backed securities.
