German insurance firm Allianz announced that it is nearing a deal to outsource its information technology services.
Investors
Vivendi wants to close sale of Maroc Telecom unit this year
Vivendi CFO said the company still plans to complete the sale of its Moroccan unit this year. French multinational mass media and telecommunications company Vivendi said that it is still aiming for the sale of Maroc Telecom by the end of 2012.
Google executive departs, moves to Xiaomi
Android vice-president Hugo Barra left Google amid marriage troubles between Sergey Brin and Anne Wojcicki.
Zurich Insurance chairman resigns
Zurich Insurance chairman Josef Ackermann resigned in relation to the suicide of the insurer company's CFO, Pierre Wauthier.
Elster acquisition boosts revenues of Melrose Industries
The purchase of Elster helped Melrose Industries increase its revenues for the first half of this year.
Latest News
MMG Ltd expressed interest in working together with partners as it seeks to further grow its business.
Barclays hired investment bankers Paul Knight and Michael Rawlinson to lead its global metals and mining team.
Blackrock Inc victorious in court battle as U.S. district judge dismisses compensation lawsuit. A U. S. judge dismissed a lawsuit filed against BlackRock claiming it looted securities-lending revenues from iShares exchange-traded funds investors.
Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup. Former board member Bill Ackman is officially through with the retailer.
US government widened probe into JPMorgan's hiring practices to include countries across Asia. An investigation into JPMorgan's hiring practices in China uncovered evidence that links hires to specific deals.
Capital One hires former bankers to spearhead the credit card company's expansion into the energy business.
Blackstone finalized a settlement with its investors over alleged misrepresentations during its IPO.
Verizon is now in discussion with banks to fund the USD130 billion buyout offer for Vodafone's 45% shareholdings.
Global firms had eyed on agrochemical manufacturers as agrochemical patents in India would expire by 2020.
