India's Bombay Bullion Association, a traders' group representing 1,000 jewelers and traders, plans to buy a 5% stake in the Multi Commodity Exchange of India Ltd after the Forward Markets Commission said its founder was not eligible to run the bourse.
Firm Management
Seattle matchmaking platform LikeBright acquires Utah's Matchmate
In its first-ever acquisition, Seattle-based online dating site LikeBright picked up Utah-based matchmaking software firm MatchMate and is now embarking on a $1 million fundraising round.
Alicia Keys out of Blackberry as creative director
Blackberry Ltd has said in a statement on January 2 that it will be parting ways with its global creative director, musician and celebrity Alicia Keys.
Tech founders in China influence young companies- report
Chinese founders of technology firms that have become billion dollar firms have gone on to start other companies or act as benefactors of other startups or give guidance to young firms, the Financial Times reported.
Lufthansa France workers to go on strike this weekend at Charles de Gaulle Airport
French unions led by the National Union of Autonomous Trade Unions (UNSA) have called on Lufthansa France workers at Charles de Gaulle Airport in Paris to go on strike this weekend. Workers are protesting against outsourcing ground operations, which would threaten 199 jobs.
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The Chief Executive Officer (CEO) of Colorado, US-based plastic clogs maker Crocs Inc is set to retire, and Blackstone Group LP will acquire a $200-million convertible preferred stock in the struggling shoemaker.
In its bid to improve the growth of the company overall, Dubai conglomerate Al Habtoor Group had commissioned a shakeup of its boards across all of its business units, including its legal and audit boards.
A Reuters report said Alessandro Profumo, chairman of Monte dei Paschi di Siena, will be revealing his decision whether to stay or resign from his post at the Italian lender in a January meeting.
Tim Cook, incumbent chief executive of Apple Inc, has received $4.25 million in salary and bonus for the fiscal year 2013. A proxy filing by Apple also revealed that the tech giant's chief executive did not receive stock-based compensation for the last two fiscal years.
SAC Capital Advisors UK's Massimo Amati, Stanislas de Caumont and Robert Harris have agreed to join rival hedge fund Balyasny Asset Management. Other portfolio managers and analysts are departing SAC after the firm decided to shut down its London office.
Hyundai Motor Co. on Friday named sales chief David Zuchowski as the new chief of its US arm. Zuchowski will replace incumbent US chief John Krafcik, whose contract expires at the end of the year.
Apple Inc. has filed a proxy statement with the US Securities and Exchange Commission on Friday. Apple investors are set to vote on activist investor Carl Icahn's $50 billion stock repurchase proposal on February 28.
A CNET report detailed how big the decisions the next chief executive officer of Microsoft Corp needs to make in order to get back into the technology race.
The News Lens founder and chief executive Joey Chung said the new angel funding and the inclusion of media veterans Marcus Brauchli and Sasa Vucinic into the company fold will help the startup solidify its reputation as a trusted news source in Taiwan.
