Swire Pacific chairman Christopher Pratt, retires and is replaced former Cathay Pacific chief executive officer.
Firm Management
J.C. Penney appoints new director to resolve clash with Ackman
J.C. Penney appoints new director to settle publicized clash with Bill Ackman. Reuters' early reports indicated the plans of J. C. Penney to name its new director last Monday.
AOL's Patch unit to lay off up to 500 workforce
AOL would lay off half of the personnel in its local news sites unit Patch as well as shutter of consolidate approximately 150 of its 900 websites.
Sequoia Capital to invest US$1.1 billion
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
UBS appoints Chris Hagstrom head of prime brokerage in U.S.
Chris Hagstrom was appointed head of prime brokerage for the U.S. by Switzerland's largest bank, UBS.
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The venture firm hires Todd Papaoiannou as its Entrepreneur in Residence. An infrastructure venture hedge fund focused on early stage Big Data developments had recently announced that it had appointed Dr.
The losses sustained by the owners of the NY Times because of the website being down is still to be calculated.
The UPS plane crash is now being investigated by Federal Authorities and as a result, the share values of the firm plummet.
Game titles from EA are bundled together to raise money for the company's favorite charities. In order to raise money for its charities, Electronics Arts have offered to the market the Humble Origin Bundle.
Michael Faber, the CEO of investment firm NextPoint Management Company, was appointed as a member of the board of CPI Aerostructures.
Latin American restaurant reservation platform scored USD 13.3 million in Series B funding round. Restorando raised USD 13. 3 million for its Series B round.
Sources said Nimble Storage would go public later this year and chose Goldman Sachs Group Inc to lead the company's IPO.
Supremex announced the termination of its talks with Clarke Inc about a possible deal to go private.
AOL CEO Tim Armstrong apologized through a memo sent to the company's personnel. Tim Armstrong, Chief Executive Officer of multinational mass media company AOL Inc.
