Kayne Anderson MLP Investment Company announced public offering of its 5,750,000 shares with net proceeds to be used for additional portfolio investments.
Investors
Indian government banks need to put up US$25 billion
India state-run banks have been required to submit plans on how to raise US$25 billion. To strengthen risk defenses and to comply with recent changes to the Basel III capital standards, India's state-run banks are required this month to decide on methods to put up more than INR1.
BlackBerry CEO asks for more time
BlackBerry CEO asked investors for patience during meeting. Chief Executive Officer of BlackBerry Ltd. , Thorsten Heins, asked investors for more time and their patience at the company's annual meeting on Tuesday.
U.K. Ministry to set out plans for Royal Mail before Parliament
The U.K. Business Secretary has outlined their plans for the sale of stocks in the state-owned Royal Mail Group Ltd
UAE proposes US$3 billion support for Egypt
Saudi Arabia funded US$5 billion while UAE offered US$3 billion worth of aid to help Egypt’s struggling economy.
Latest News
Ingersoll said that it could see Allegion reach a market capitalization of US$4 billion. Chief Executive Officer of Ingersoll-Rand Plc, Mike Lamach, said that its security unit, Allegion Plc, could have a market capitalization of around US$4 billion when it starts trading on the exchange later this year.
HFF announced that they were able to close the sale of the MeadWestvaco World Headquarters HFF (Holliday Fenoglio Fowler, L. P. ) announced that they were able to close the sale of the MeadWestvaco World Headquarters which is a a 310,950-square-foot, trophy office building in Richmond, Virginia.
CEO Smithfield Foods is scheduled to testify before the Senate Agriculture Committee in Washington on July 10 regarding it's deal with Shuanghui International.
Gold Mining USA Inc announced that they were able to secure the 100% of the Preacher Mineral Leases in Nevada.
JPMorgan have started buying South Korean Equities due to their current valuations. JPMorgan Asset Management and Charlemagne Capital Ltd. have started to buy South Korean equities after they are said to be at their lowest valuations since 2009.
Rexford Industrial Realty Inc announced today its public offering of common stock listed on the New York Stock Exchange.
Kroger Co. agreed to purchase Teeter Supermarkets Inc. for around US$2.5 billion. The largest US grocery chain, Kroger Co. , agreed to buy Harris Teeter Supermarkets Inc.
Swordfish Financial merger with iPoint expected to generate huge profits Swordfish Financial Inc announced that their merger with iPoint are expected generate huge profits for both companies.
Maxim magazine was said to be fetching bids of only US$20 million, less than a 10th of the cost its investors paid about six years ago.
