Activist hedge fund Third Point LLC decided to sell back 40 million worth of shares to Yahoo Inc. On Monday, Third Point LLC, an activist hedge fund, agreed to sell 40 million worth of shares in Yahoo back to the internet company.
Firm Management
Mongolia's State Bank to take over 503 Savings Bank branches
State Bank is set to take over the fifth-largest lender in Mongolia. Savings Bank, Mongolia's former fifth-largest lending entity, will be taken over by its state-owned competitor, State Bank after being declared insolvent.
Baxter Gains Conditional Approval to Purchase Gambro
Baxter International wins approval of EU after divesting of CCRT. Dialysis products specialist Baxter International Inc. (BAX) earned conditional approval to purchase Sweden-based competitor Gambro AB from the European Union.
Haniel Hires JPMorgan to Advise on Sale of Celesio Stake
Haniel & Cie GmbH hires JPMorgan to decide on sale of Celesio stake. Holding company Franz Haniel & Cie GmbH has acquired the services of JPMorgan Chase & Co.
Discount, Koor shares rise to highest number since May 2012
Discount and Koor shares rise to highest number in 14 months. Discount Investment Corp. (DISI) shares rose 8. 3 percent to 17. 29 shekels, resulting the highest value since May 2012.
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Pharmaceutical giants Pfizer, AstraZeneca and Novartis are among those to propose bids for Onyx Pharmaceuticals.
Hasbro Games remakes classic games and gains 19 percent increase in sales. World-famous toymaker Hasbro Inc. (HAS) is showing promising results in the sales of its games through iPad.
Bruno Wu and Thomas Middelhoff stated that they have combined assets with revenues of around US$2 billion to create a media and alternative investment firm.
According to speculations by Apple followers, the company's recent hiring of medical and fitness experts could mean that the iWatch is underway.
Amidst the fall of their city, Detroit's sports teams have a positive outlook. Despite the city of Detroit's filing for bankruptcy, the Detroit Red Wings are looking optimistic.
UBS stated that it outperformed other share-sale underwriters in the Southeast Asian Region thanks to big deals in Indonesia, Thailand and the Philippines.
Royal and Ancient Golf Club's chief executive Peter Dawson defended excluding women amidst the fear of losing revenue.
Currency hedging requires an understanding of the market (art) and the actual exchange at a given time (science) to be insulated from currency value fluctuations.
Mike Miller's salary pushed the Miami Heat's financial status towards luxury tax level, granting the team the power of amnesty.
