After receiving amnesty from the LA Lakers, Metta World Peace accepted the offer of the New York Knicks.
Investors
Tiger Bay acquisition of Gramercy Park Advisors a ‘game-changer’
Tiger Bay's acquisition of Gramercy Park creates a 'superfirm' in the industry of asset management.
Invis Energy raises Eur160 million for an Irish wind farm
Invis Energy raised Eur160 million from NorddeutscheLandesbank and DNB Bank for a 42.8 megawatt wind farm in Ireland.
Chinese search engine giant buys app store operator for US $1.9 billion
Baidu Inc shells out US $1.9 billion to acquire 91 Wireless, an app store firm. China's largest search engine company paid US $1. 9 billion to purchase an app store firm, 91 Wireless, from Hong Kong-listed NetDragon Websoft Inc.
Renault-Nissan to put in US 2.5 billion in India
The Renault-Nissan alliance will be investing US $2.5 million in India within the next four years. Car makers Renault and Nissan Motor Co. will be jointly investing the amount of US $2.
Latest News
GlaxoSmithKline Plc's 20% increase in sales was currently in focus due to Public Security Ministry's accusations on bribery and sexual favors.
Piedmont was asked to pay Dexia Crediop SpA and Intesa Sanpaolo SpA US$47 million due to interest-rate swap agreement.
Prudential Plc agreed to sell its PCA Life Japan unit to SBI Holdings Inc. for US$85 million. UK's largest insurer by market value, Prudential Plc, decided to sell its life insurance firm in Japan.
Cipla acquired Cipla Medpro South Africa. Cipla Medpro South Africa was delisted from the Johannesburg Stock Exchange as of July 16, 2013. This was after Cipla completed its acquisition of the company for US$512 million.
Rumors of bidding war for Invensys abound. Rumors of a possible bidding war for the acquisition of Invensys Operations Management abound. This followed the announcement of Schneider Electric of its bid of about US$5 billion for Invensys.
Source BioScience was reported to place an offer for Vindon. The board of Vindon has confirmed that talks with the board of Source BioScience are at an advanced stage.
Opus Bank gears up for the expansion of its Income Property Banking division with the creation of Commercial Real Estate Banking division.
AT&T's acquisition of Leap puts pressure on smaller rivals to make mergers and purchases of their own.
PacTrust Bancorp's merger is “unique to Southern California,” according to Robert Franko, PacTrust Bank President and CEO.
