Hedging against possible long term structural changes with Blackberry, Morgan Stanley has put on hold the purchase of new devices from the Canadian company amidst the turmoil the smartphone company is now facing.
Investors
AT&T sets its sight on Vodafone after Verizon deal
AT&T would be looking into Vodafone group's remaining assets in the midst of the British mobile carrier's exit from the US wireless business with the buyout from Verizon Communications.
Dial Global exit to Cumulus Media is worth USD260 million: newspaper source
A Reuters report cited Wall Street Journal sources who said that Cumulus Media, a radio broadcasting company set its sight on buying out Dial Global, a content producer, for USD260 million in cash.
WSJ says General Electric to divest US consumer lending biz
A Wall Street Journal report said General Electric Co will divest its US-based consumer lending business of GE Capital to focus on its core industrial operations.
Sechin increases Rosneft stake to USD 65 million
Chief Executive Officer Igor Sechin of Rosneft bought more shares in the state-controlled firm, increasing his stake to USD 65 million.
Latest News
AIG has sought to divest its ownership of ILFC through a sale or if there is none agreed on, through an IPO.
TH Lee Partners LP is discharged as a defendant in the case of an 'overarching' conspiracy regarding buyouts and the collusion between private equity firms.
Wal-Mart, together with other North American companies, banded together to create the Alliance for Bangladesh Worker Safety.
Pure Storage was able to raise USD150 million in its latest funding round for its operational expansion in the data storage market.
Vaultize's expansion into the Mumbai area is a step towards achieving its regional and domestic plans.
JP Morgan had conducted an internal probe on approximately 200 employees in Asia regarding the possibility of illegal nepotism.
Carl Icahn, the activist investor known to take major seats in companies and push for management change, had announced raising his stake in Nuance Communications Inc.
According to a Bloomberg report, Blackstone Group LP's real estate unit would take over Netherlands-based Multi Corp.
Several speculations stated that the giant software maker Microsoft Corp. would acquire stake in Foursquare Labs.
