Analysts say Ackman hedge fund rumors are false

According to analysts, the Ackman hedge fund and FedEx rumors are false. Rumors of Bill Ackman, a hedge fund operator, supposedly raising money to buy shares in FedEx were false, say analysts.


Chinese video game maker to launch market debut in Hongkong

Forgame Tech Co. submitted official documents for an IPO later this year. Forgame Tech Co. , a video game production company, has presented its official initial public offering documents to Hong Kong's equity agency and plans to start the IPO later this year, said the sources, who requested not to be identified.

Nuvo Research and Paladin Labs completes loan arrangement

Nuvo Research and Paladin Labs completed their loan arrangement. Nuvo Research Inc. and Paladin Labs Inc. announced that they have completed their loan agreement.

Troy Resources to proceed with Azimuth compulsory acquisition

Troy Resources announced that it would proceed with Azimuth compulsory acquisition. Troy Resources Limited announced on a press release that its interest in Azimuth Resources Limited now amounted to 93.


Latest News

Miravast Asset Management announced the closing of a US$60 million life insurance portfolio acquisition
Four state owned banks in China aggressively extended Yuan loans that were unusually large causing alarm among regulators who were trying to strangle distorted credit growth.
Wilson Perumal & Company announced their partnership with The Key To Way. Wilson Perumal & Company (WP&C) announced their newly formed strategic partnership with The Key To Way (TKTW).
UK proposed giving 150,000 free shares to its workers who have been strongly opposing privatization of the company.
Merlin Entertainments chose London over New York for its upcoming IPO. After deciding against a market debut in New York, Blackstone Group LP, CVC Capital Partners Ltd.
Melco International Development Ltd. stated it would buy its way into the Russian entertainment industry.
Macau's Lawrence Ho to invest in a Russian casino resort Lawrence Ho, the Macau gambling magnate, is set on extending his global reach after two of his companies entered into an agreement to build a new casino resort.
On Wednesday, US Senators questioned the head of Smithfield Foods Inc as they looked for answers over the proposed sale of the company to China’s Shuanghui International.
Today, Security One Federal Union and Texas Trust Credit Union announced that it has filed intended merger subjected to regulatory and member approval.
Four Springs Capital Trust announced today a completed acquisition of a 19,530 square foot property in Michigan.