In order to save the debt of Telecom Italia from being downgraded to junk status, a future with Telefonica SA seems to be the best option available for the Italian telecommunications firm.
Deals
AppDynamics founder builds for the cloud and mobile market after investors infusion
Jyoti Bansal, founder of AppDynamics, have built a company that helps firms manage their high volume data.
Ford to spend CAD700 million to expand production in Canada
According to Ford Americas President Joe Hinrich, this investment would expand their Oakville plant near Toronto, Canada.
Swedbank projects great mergers and acquisitions possibilities in the market
Kloevern AB gained the most after the firm was upgraded in status by Swedbank AB. The shares of Kloevern AB had jumped its highest in nearly five months in Stockholm trading.
Re/Max Holdings Inc set to do IPO
The Re/Max Holdings IPO projected the revenues earned to reach USD241.5 million. The franchiser of real estate brokerages, Re/Max Holdings Inc. had filed documentation to raise as much as USD241.
Latest News
Goldman Sachs Investment Partners started a new Asian fund named Oryza Capital early this month, according to sources.
On Wednesday, GMR Infrastructure announced it had sold its stake in its highway construction unit to India Infrastructure valued INR222 million.
East West Bancorp and MetroCorp Bancshares Inc. announced today the signing of a definitive agreement for the merger of MetroCorp into East West.
According to sources, NewStar Financial Inc. had been looking on a possible sale and hired Credit Suisse Group to solicit offers.
Today, Walker Digital and GlobalOptions Group announced that the two firms had completed its previously agreed merger which formed the new entity called Patent Properties Inc.
The Hutchins Family Foundation is donating USD15 million for the establishment of the Hutchins Center for African and African American Research.
According to ThyssenKrupp CFP Guido Kerkhoff, there are still plans to sell off its Americas units, under certain conditions.
On Wednesday, Hilton Worldwide said it would start marketing a high yield bond valued USD3.25 billion on Thursday as a part of the company's refinancing ahead of its IPO.
Retrophin announced today that it had made another proposal to acquire all Transcept Pharmaceuticals Inc. shares of common stock valued USD4 per share in cash.
