MannKind Corp revealed that Afrezza proved to be effective in two late stage studies. MannKind Corp announced a major breakthrough in its diabetes therapy drug Afrezza.
Firm Management
Tom Dillon is Rosa Mexicano's new President and CEO
Goode Partners' backed restaurant group Rosa Mexicano appointed Tom Dillon as its new President and CEO.
Acquisitions, new offers fuel NanoTech Entertainment's future growth
NanoTech Entertainment said the combination of acquisitions and new products would drive the company's growth in the future as posted impressive revenues in the most recent quarter.
Chile's BCI seeks approval from investors for capital hike
Chile's BCI would ask its shareholders to approve its USD 400 million capital hike to partly fund its acquisition of City National Bank.
Cisco Systems pares down 5% of workforce
Cisco Systems announced it would be whittling down its workforce by 5%. Cisco Systems Inc announced it would be reducing its workforce by 5%. The move would affect 4,000 jobs.
Latest News
Sources said that BC Partners Ltd would be holding its IPO a month earlier than originally planned. Sources told Financial News private equity company BC Partners Ltd (formerly Baring Capital Investors Ltd) was preparing its initial public offering (IPO) for its Foxtons Ltd shares this August.
Zynga announced the exit of some senior executives, including David Ko, Zynga's Chief Operating Officer, as part of the company's streamlining plans.
An independent foundation of KPN questioned billionaire Carlos Slim's motive for bidding for the remaining shares of the Dutch firm that he does not already own.
BlackBerry's board members opted to go on sale after the company's market value plunged to only USD5.1 billion from USD83 billion in 2008.
CEO Ned Goodman of Dundee Corp appointed son Jonathan as the firm's new Deputy Chairman and Chief Operating Officer.
Evercore Wealth Management announced that Jewelle Bickford will be their new Partner and Wealth Advisor.
Alkhabeer Capital said it would put more investments in the Gulf region and seek listing in the local bourse.
Mergers would enable Austrian regional banks to save money for a Volksbanken buy back. An official representing Austrian regional banks told newspaper Kurier that mergers would enable them to save money to help buy back Volksbanken AG.
A unit of Glencore Xstrata revealed that it would scaling back on its workforce as well as its budget in the Tampakan copper-gold mine in South Cotabato, Philippines.
