AMC Entertainment announced a new initial public offering as it sought to raise USD400 million. AMC Entertainment Holdings Inc. is the biggest movie theater operator owned by the richest man in China, Wang Jianlin.

Vodafone Group had announced selling its 45% stake in Verizon Communications that would end a 14-year old venture.

Zurich Insurance's Chairman Josef Ackermann resigned abruptly following the death of the company's CFO Pierre Wauthier.

American Express was said to compete for a stake in Foursquare Labs. American Express Co. had been reported to compete for an equity stake in Foursquare Labs.

Zurich Insurance Group dispelled its concerns about the resignation of Josef Ackermann in the wake of its CFO's death.

Canada-based Demeure announced receiving USD4 million from its third round of seed funding. Travel marketplace Demeure had raised USD4 million in its third round of seed funding.

James Boyne, erstwhile Calamos Investments President and COO resigns to pursue non-profit work. In an announcement last Thursday, Calamos investments announced that the firm's President and COO would be leaving the company by September 30.

George Koutsos was named the new Deputy Chief Executive of the Hellenic Financial Stability Fund, replacing Marios Koliopoulos.

Peugeot Citroen said it would halt car production in Aulnay this November. French multinational automobile and motorcycle maker Peugeot Citroen would be stopping production in one of its plants earlier than scheduled.

French cosmetic firm L'Oreal said it could afford to buy back the EUR 23 billion stake that Nestle holds in the firm.