BlackBerry's cash reserves may only last until 2014. Beleaguered smartphone maker BlackBerry had planned to issue convertible notes worth USD1 billion after the collapse of its Fairfax Financial Holdings bid.
Investors
PPF Group NV to return Telefonica Czech Republic back to local hands
PPF Group NV agreed to purchase Telefonica Czech Republic's majority shareholdings. The PPF Group NV of billionaire Petr Kellner had agreed to purchase the controlling stake in Telefonica Czech Republic.
Advantage Rent a Car to seek bankruptcy protection
Advantage Rent a Car was hived off by Hertz to comply with regulatory authorities. Advantage Rent A Car would be filing for bankruptcy after Hertz had terminated lease agreements over vehicles that Advantage was able to use in its operations.
First non Russian CEO appointed to Lada
Lada is set for major developments, such as the appointment of its first non Russian CEO. Bo Andersson was recently appointed by OAO AvtoVAZ as its new CEO.
Judge Glascock to hear Cooper Tire and Apollo Tyres dispute
The Delaware Chancery Court is the venue for the hearing between Cooper Tire and Rubber Co against Apollo Tyres Ltd.
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IntercontinentalExchange Inc Chief Executive Jeff Sprecher said on Tuesday that he expected the consolidation between his company and NYSE Euronext be completed within days.
3i pays EUR165 million for the 49% stake of Allianz Capital Partners in Scandlines. 3i, the private equity investor, had bought out the co-owner of its ferry group Scandlines.
Confie Seguros acquired DeFranco Insurance Agency and Insurance Group of America. One of the fastest growing national providers of personal lines insurance, Confie Seguros, announced today its acquisition of two insurance brokerages, namely DeFranco Insurance Agency Inc of Niagara Falls, NY and Insurance Group of American Inc dba City Insurance of Palm Springs FL.
G4S Chief Executive Ashley Almanza had launched several company restructuring moves, including a divestment of its 35 business units.
After the denial of its request for partial due diligence, Jos A Bank Clothiers speaks up and to the Men's Wearhouse board.
Sidley Austin LLC had announced Timothy Spangler joining the firm as its new partner for its Global Investment Funds unit.
The two banks for middle market advisory services have merged to provide a wider range of portfolio services to its clientele.
E-commerce company Linio's USD50 million new investment would go towards company expansion. According to a VentureBeat report, e-commerce company Linio received an additional USD50 million in investment.
The leather goods specialist Allen Edmonds Corp is purchased by an affiliate of Brentwood Associates.
