The Stability Fund was created as part of the bailout package of UBS AG and now, it was time for the bank to pay back the fund under a given formula.
Firm Management
BlackBerry rejects proposals of a company break-up
BlackBerry rejected proposals to break-up and sell all or parts of the Canadian company. BlackBerry Ltd's board rejected proposals to break-up the Canadian smartphone company, saying that it is currently not in the best interest of all of its stakeholders.
Symbion prepares for sale
Symbion, which was privatized in 2007, is preparing for its sale. Surgical facilities operator Symbion Inc, which was privatized back in 2007, is now up for sale.
Box, the data storage company, prepares for its own IPO
In preparation for its 2014 IPO, Box had appointed banks to manage the share sale and market debut. Another one of Silicon Valley's highly anticipated IPO issues is data storage company Box.
OSX Brasil SA's secured debt issue increases in value
Amidst rumors of a pending bankruptcy filing, secured bonds of OSX Brazil now trade at a two month high.
Latest News
Three new members would join the existing members of Crowdit's Board of Advisors. The first firm to interact business networking and support services in to the crowdfunding experience, Crowdit, announced the appointments of three new members of its Board of Advisors.
A total of USD6 million in capital was provided by Guggenheim Partners for CardCash for growth financing purposes.
The maiden fund of India's Kedaara Capital had reached a total amount of USD540 million. Kedaara Capital of India, which was co-founded by the former head for India of Singapore's Temasek Holdings, recently announced the accumulation of USD540 million for its maiden fund.
Under US GAAP rules, a twice over value increase per share between the third quarters of 2012 and 2013 for Apollo Global Management LLC.
Artiman Ventures unusual investment strategy has been successful as it provides seed investment fund for firms.
Royal Oak Recycling is the business name of V&M Corporation and the firm was recently acquired by Rizzo Environmental Services Inc.
Essilor International paid USD21.50 per share for Costa purchase. Essilor International would be purchasing sunglass maker Costa at the approximated price of USS270 million.
Progress Energy Canada, the Canadian unit of Malaysia's state owned oil firm Petronas, purchases stake in Montney field.
An announcement made last Thursday of a realignment in priority drug research projects prompted Citi analyst to advise shareholders of a possible interest divestment in diabetes drug joint venture between Bristol-Myers Squibb and AstraZeneca.
