Italian Banca Monte dei Paschi di Siena has raised its capital for the bank's revised bailout plan to EUR2.5 billion or USD3.3 billion.
Deals
GM and union agree to terms in Canada plant
The Unifor union and GM Co. was able to meet and agree on the new collective bargain agreement. A tentative settlement on a new collective agreement between General Motors Co and Canda's Unifor union was reached to cover employee benefits for GM's CAMI assembly plant located in Ontario, Canada.
Roth exits from JC Penney board
Steven Roth resigned from JC Penney's board after his firm Vornado Realty Trust announced selling its 6.1% stake in the retailer, said a Bloomberg report.
Rosneft continues business in Belarus despite diplomatic row
Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.
Credit Suisse would sell off its German unit
Credit Suisse AG is to sell of its German subsidiary according to a German paper. In a report from German weekly WirtschaftsWoche, Credit Suisse is intending to sell the private client's business of its German subsidiary Credit Suisse Deutschland AG.
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According to Thomas Jordan, Swiss National Bank Chairman, said there is a lot that needs to be done before banks can avoid harming the general economy.
Thanks largely to Twitter Inc's IPO filing, publicly traded fund GSV Capital would be looking to receive bigger gains.
A report from a Chinese newspaper revealed that Samsung would be investing USD 500 million for a plant in China.
JPMorgan Chase Co., Bank of America Corp. and Goldman Sachs Group Inc. would not be able to get out from their financial commitments to a buyout of retailer Rue 21 by private equity firm Apax Partners.
Sources told Reuters that Grohe got final offers for Geberit, Lixil and Duratex. Sources told Reuters that bathroom equipment manufacturer Grohe received bids from three of its peers.
According to sources who told Reuters, interest in buying BlackBerry Ltd was lukewarm that the company would have to break its business up to exit.
The two Koreas agreed to resume operations of the Kaesong industrial zone on a trial basis starting Monday.
OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.
Petrobras, in a campaign to raise funds for its pre-salt mine exploration, had sold some of its stakes and pipelines in Colombia.
