David Gonski, the head of the sovereign wealth fund of Australia, will be the Chairman of the Australia & New Zealand Banking Group Ltd, Bloomberg reported.
Firm Management
Vodafone inks 'domination' agreement after €7.7 billion takeover of cable company Kabel Deutschland
Vodafone Group has agreed on a domination agreement with Kabel Deutschland a few months after purchasing the German cable company for €7.7 billion. Domination agreements are used in Germany by acquirers who wish to gain full control of the company without controlling all the shares.
BlackRock to raise $3B for new credit hedge fund BlackRock Credit Alpha Fund
BlackRock, the world's largest manager, is seeking to raise up to $3 billion for a new hedge fund to invest in credit globally. BlackRock Credit Alpha Fund was created in October with an initial target capital commitment of $500 million.
Australia's First Guardian to launch Islamic pension in January
Melbourne-based First Guardian plans to launch an Islamic pension fund in January, collaborating with some of Australia's most well-known Muslim organisations to tap the country's $1.5 trillion private pension system, the world's fourth largest.
Paddy Power expands in Ireland by buying nine Hacketts bookies
Ireland-based gambling group Paddy Power has expanded the number of its outlets in Ireland through the purchase of nine bookies from Hacketts for an undisclosed sum.
Latest News
Idea.me, a crowdfunding platform founded in Argentina, now allows people in seven Latin American countries to fund projects and startups using bitcoin in lieu of credit cards and PayPal.
Activist investor Barington Capital Group said that Darden Restaurants Inc., the operator of Olive Garden and Red Lobster restaurant chains, could be worth $71 to $81 per share. Barington recommends that Darden split into two companies.
Marketing personalization startup Sailthru announced the conclusion of its $20 million Series C funding round led by Scale Venture Partners and participated by Benchmark, RRE, DFJ Gotham, AOL Ventures and other existing backers.
Despite getting clearance from accounting firm PricewaterhouseCoopers LLP regarding its fiscal statements for the last three years, activist investor Bill Ackman appeared to be not convinced that Herbalife Ltd is not operating a pyramid scheme.
Shareholders of Italian telecom company Telecom Italia are were said to vote this week on whether or not to oust its current board. Rebel investor Findim Group on Monday proposed candidates for Telecom Italia's new board.
The Weinstein Company and Miramax Films said in a joint statement that they have entered a multi-year deal to co-produce films, TV shows and live stage shows to be released in the United States and internationally.
Auction house Sotheby's named Tom Ford International Chairman and former Gucci head Domenico De Sole as its lead independent director amid criticism from activist investor Daniel Loeb.
Sources told the Wall Street Journal that BlackBerry's executive vice president of global sales and official in charge of its mergers and acquisitions strategy will be departing the struggling smartphone maker in weeks.
Workers in Amazon.com's logistic centers in the German towns of Bad Hersfled, Leipzig and Graben are prepared to go on strike on Monday. A dispute over pay has been plaguing the online retail company for months.
