Firm Management

German car manufacturer Daimler Mercedes-Benz planned to increase the number of its dealer outlets in China to get a bigger share of the world's largest auto market.

The Royal Bank of Canada promoted Taylor as the bank's first female chairman. The Royal Bank of Canada (RBC) had elected Kathleen Taylor as its first female chairman in 2014.

Chief Executive Officer Igor Sechin of Rosneft bought more shares in the state-controlled firm, increasing his stake to USD 65 million.

Hedging against possible long term structural changes with Blackberry, Morgan Stanley has put on hold the purchase of new devices from the Canadian company amidst the turmoil the smartphone company is now facing.

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JP Morgan had conducted an internal probe on approximately 200 employees in Asia regarding the possibility of illegal nepotism.

Carl Icahn, the activist investor known to take major seats in companies and push for management change, had announced raising his stake in Nuance Communications Inc.

According to sources, CSN might call off the deal with German steelmaker ThyssenKrupp if the its Alabama plant would not be included in the offer.

NASDAQ OMX Group identified a software bug that had caused the three hour trading halt last August 22.

KPN foundation had intervened to block the EUR7.2 billion America Movil-KPN deal to safeguard the group's stakeholders.

L'Oreal CEO Jean-Paul Agon said that the company would be ready to buy Nestle's stake in the company which was valued at EUR22 billion.

Blackberry, the leading mobile device in India, had announced selling its global operations unit but would remain business as usual to ease fears of Indian users.

Vodafone Group planned a stake sell from its holdings in Verizon Wireless valued more than USD100 billion.

Zurich Insurance executive Josef Ackermann resigned from the company after its finance chief died of suspected suicide.

Alliance Global Group acquired Touch Solutions to facilitate the backdoor listing of its liquor unit.