Firm Management

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.

J.C. Penney Co prepares to hire at least one new director to appease largest shareholder William Ackman's demands for a more functional board.

Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.

Yahoo entered into new partnership with Perion Network Ltd, which can benefit both parties by improving their individual services.

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Dole Food Co Inc agreed to be bought by David Murdock, after an increase in the offer price was given.

Campbell Soup Co announced that the sales of some of its European businesses to CVC Capital Partners is on the final stages.

Encision Inc named Dr. Patrick Pace as its new non-executive Chairman of the Board. Encision Inc announced that Dr. Patrick Pace will be the non-executive Chairman of the Board.

Amid dark forecasts on the PC market, especially for the future of Dell, Dell's buyout prospects may be on the rocks as well.

Tegile Systems announced the successful closing of its Series C funding round with USD 35 million in a round led by Meritech Capital Partners.

Blackberry announced the creation of a committee to look into strategic alternatives like joint ventures, partnerships and sales to help revive the company.

HTC Corp was said to have paid USD 10 million to Robert Downey Jr to endorse the brand in a TV commercial.

PAL Holdings Inc assistant corporate secretary announced that the joint venture of Philippine Airlines with a Cambodian firm would be finalized this October.

One of the first victims of the Snowden affair was the closure of secure email service provider Lavabit.

Private equity executives and analysts said taking BlackBerry private would make sense but it is not a quick fix for the company’s problems.