Edge Products, the manufacturer of high quality parts for vehicle manufacturers, recently filed for Chapter 11 bankruptcy protection.
Firm Management
Sources: J&J puts clinical diagnostics unit on sale
Johnson & Johnson had launched a sale process for its Ortho Clinical Diagnostics unit valued at USD5 billion.
Deutsche Telekom submits application for sports betting license
Deutsche Telekom had applied for a sports betting license and is currently reviewed by the Interior Ministry of the German state of Hesse.
The new Robocop compared to the old Robocop
There are major changes done from the old Robocop to the new Robocop. The new Robocop is another remake of the Paul Verhoeven classic from 1987. The cast then were Nancy Allen and Peter Weller where a gunned down cop is reborn as part human part machine all policeman.
IberiaBank expands with new branches
IberiaBank Corporation finalized the agreement that assumed the assets of Trust One Bank. The holdings company of the more than century old IberiaBank, IberiaBank Corporation, recently announced the finalization of an agreement where the bank would acquire assets and liabilities from Trust One Bank, a division of Synovus Bank.
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Banca Carige was advised by the Bank of Italy to make changes in policy and personnel as it prepares for regulatory changes for next year.
Versace CEO Gian Giacomo Ferraris announced that the company planned to sell a minority stake privately before launching an IPO.
Nokia had its focus redirected on network equipment manufacturing after it sold its handset units to Microsoft Corp.
In a surprise decision, Hyundai Rotem withdrew its IPO citing weak market conditions and industrial disputes.
Today, Parkway Properties Inc. announced that it had agreed to merge with Thomas Properties Group Inc. in a stock-for-stock transaction.
SDR Ventures announced the acquisition of Zeus and Company Pet Supply Distributors by Pet Food Experts.
Hyundai said it had reached a preliminary agreement with its union to help end the strike that had crippled their vehicle production.
TPG Capital-backed Surgical Care Affiliates filed for a USD 100 million US IPO. A regulatory filing revealed that Surgical Care Affiliates Inc filed for an initial public offering (IPO) in the US.
Tele2 said it would want to increase its market share in the mobile telephone market in the Netherlands to 20% after the roll out of its own network.
