Monte Paschi would cut more jobs to be able to secure a state bailout fund from the European Union, said a Bloomberg report.
Investors
B&G buys Rickland Orchards
B&G Foods Inc announced today that it had acquired Rickland Orchards through a combination of cash and stock payment.
Biomet signs acquisition agreement for Lanx Inc
Today, Biomet Inc announced entering a definitive agreement to buy Lanx Inc. that would be subject to customary closing conditions.
Montreal, Maine & Atlantic Railway hires Gordian Group for potential sale
Montreal, Maine & Atlantic Railway Ltd. had hired Gordian Group LLC to sell the carrier, said a Bloomberg report.
Country garden stops trading after insider information report
Country Garden Holdings Co. had suspended its share trading on the Hong Kong Stock Exchange after the Hong Kong Economic Journal said that the company had leaked home subscription data through a staff memo.
Latest News
Morgan Stanley along with Bank of America Corp and Wells Fargo & Co. would lead the six biggest lenders in the US banking sector, said a Bloomberg report.
Apollo Tyres and Cooper Tire & Rubber Co had been on a disagreement over a proposed decrease in price offered by Apollo to take over the US firm, reported Reuters.
China Resources, a state backed conglomerate, had been studying its options including a possible sale for its Hong Kong meat distribution unit, said a report from Bloomberg News.
Warrnambool Cheese and Butter Factory Company Holdings Ltd. had agreed on a takeover deal from Saputo Inc. to be paid in an all cash transaction, reported Reuters.
The shares of Talisman Energy Inc had moved forward following the announcement of Carl Icahn's acquisition of around 61 million shares in the company, said a Reuters report.
On Monday, Spain’s Santander said that it had agreed to buy a 51% stake in the largest consumer finance business from El Corte Ingles.
A few glimmering hope had surfaced on Monday in the middle of the US partial shutdown as US President Barack Obama said he would accept a short term increase in the nation's debt ceiling, said a Reuters report.
BlackBerry shares rose last Monday after reports of potential strategic buyers taking interest in the struggling smartphone maker, said a Reuters report.
Alcatel-Lucent would push a cost cutting drive to save EUR1 billion by 2015 through cutting jobs by 1000, reported Les Echos and Le Figaro newpapers on their websites.
