Flurry of retail buyouts, mergers seen amid hedge fund closures

Retail buyouts and mergers lead by foreign exchange market broker FXCM Inc had been seen proliferating in the midst of closures of some of the biggest hedge funds in the US and European Union.


Itochu and Oman enter their 41st year of partnership

Leading Japanese trading firm Itochu formalizes latest contract with the Sultanate of Oman for oil imports.

Islamic Development Bank planning sukuk programme at Dubai

In choosing Dubai, the Jeddah based Islamic Development Bank is ensuring the success of its first ever sukuk issue in the Middle East.

Savoy in jeopardy if business does not improve

Iconic five star hotel The Savoy would be in danger of defaulting on its loan obligations should its business revenues do not improve.


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China-based property developer Greenland Holding Group would be co-developing the Atlantic Yards Apartment Project in New York with Forest City Ratners Cos.
Press release provider Cision AB said it had been investigating why it released an incorrect report about Samsung's purchase of Fingerprint Cards.
Erin Brockovich pointed to preemption laws in her campaign to take Essure off the market. Erin Brockovich, the consumer advocate who filed a multimillion case against Pacific Gas and Electric Co for groundwater contamination, had blamed preemption laws in her fight against birth control implant Essure.
New York City Opera Kenneth Rosen had indicated in a court hearing that the American opera company would be open to a merger.
Billionaire investor John Malone had said he would not consider Cablevision Systems Corp as a potential company that he would include in his planned merger of US cable companies.
Erin Brockovich said she wanted Essure, a birth control procedure by Bayer Corporation, taken off the market.
Bluefield Solar Income Fund Limited recently purchased a 6.87 megawatt peak plant for GBP9.35 million from Parabel AG.
Twitter Inc would reportedly pay 3.25% from its upcoming public listing as fee to its bankers, sources told Bloomberg.
Shares of Royal Mail Group Ltd experienced a 38% increase after its debut on the London Stock Exchange.
The government of President Barack Obama would allow states to reopen national parks using their own funds.