Eric Adler was promoted CEO of Prudential Financial Inc, the second largest life insurer in the United States, replacing former CEO Allen Smith.
Investors
Four Seasons names new CEO after five-month search
Allen Smith was named new CEO for Four Seasons Hotels and Resorts, succeeding former CEO Kathleen Taylor.
Pritok Capital closes US$7.2 mln loan from Oxford Finance
Oxford Finance approved the US$7.2 million loan proposed by Nursing facilities investor Pritok Capital.
Investcorp pays GBP 100 million to acquire Tyrrells Potato Crisps
Investcorp entered into a definitive agreement worth GBP 100 million to purchase Tyrells Potato Crisps.
Interactive ad network Jebbit receives additional US$1.25 Mln funding
Promising advertisement network startup Jebbit raised US$1.25 million in funding from a round led by Data Point Capital.
Latest News
Chicago-based RCP Advisors gained US$425 million additional funding for its Secondary Opportunity Fund II.
Today, KKR & Co LP announced raising USD305 million excluding underwriters' option, from its first listed closed-end fund, KKR Income Opportunities listed on the New York Stock Exchange.
Cincinnati-based investment firm CincyTech gained US$10.9 million in additional capital from Ohio Third Frontier and Southwest Ohio partners.
Samsung devices satisfy customers more than the iPhone, according to ACSI. The American Customer Satisfaction Index (ACSI) recently released the results of its smartphone customer satisfaction survey for the year.
Music streaming site Spotify could be the spark that would reignite music sales in Sweden. Spotify, a commercial music streaming service, could be the spark to reignite music sales in Sweden and the world.
The new Moto X from Google's Motorola posed a potential threat to the Apple-Samsung duopoly in the smartphone market.
Spain-based airport operator Aena group agreed with AXA Private Equity to buy London Luton Airport from TBI Limited for USD 599 million.
Accenture Credit announced it has finalized the acquisition of Mortgage Cadence but financial details were not disclosed.
Verizon's HTC One launch was moved to August 15 from August 1. The launch of HTC One was pushed back to August 15, according to Droid-Life. The site published what it claimed to be an internal document.
