Dell buyout will not push through at US$24.4 billion. The deal to buyout Dell Inc. would not push through. According to people who had direct knowledge of the deal, Silver Lake Management LLC and Michael Dell would not be closing a buyout deal for the offer of US$24.
Investors
Energisa Takeover Pending Court Approval
Energisa takeover was pending court approval. A bid by Energisa SA to takeover Grupo Rede Energia SA was approved on Friday by the company's creditors.
IRS suggests reform to US$2.6 trillion money market fund industry
The IRS proposed reform for the money market fund industry is set to tackle tax matters. On Wednesday, the US Internal Revenue Service recommended new regulations.
Asian stocks wary while ECB, U.S. job reports loom
Asian stock became cautious while the European Central Bank held a summit and US payrolls report loomed.
Kenyan airline venture scores 7 year extension
A joint venture between Kenya Airways and KLM Royal Dutch Airline was granted 7 more years to operate.
Latest News
BP of South Africa made a huge investment on youth education. "We need more of these types on investments so as to grow the pool of young people who could be university ready," said Dipuo Peters, talking about a recent investment made by South Africa's largest oil company, BP.
Representatives from several Chinese firms defended their unpopular mega projects in Myanmar. In a press conference held in Rangoon, Myanmar yesterday, the Embassy of China and several representatives of Chinese state-owned companies issued a statement regarding the mega projects being developed in the country.
US municipal bond fund drop according to Lipper. According to Thomson Reuters' Lipper, the four-week moving average of US municipal bond funds remained negative at US$2.
Asian chipmakers were expected to earn more due to the increasing demand for gadgets. Asian chipmakers were set to take advantage on a major change in the unstable industry.
Pakistan's prime minister Nawaz Sharif told Chinese investors to invest in the country's energy sector.
Seven FDIs were approved by the Indian investment board. Seven Foreign Direct Investments of FDIs were approved by the Foreign Investment Promotion Board of India for ventures in local pharmaceutical firms.
Small banks cheered as US authorities drafts tough rules for Wall Street. After a vote, the Federal Reserve Bank decided in favor of the US version of global Basel III capital rules.
The Investment Company Institute recorded US$28.1 billion withdrawals from bond reserves. Investors in mutual funds headquartered in the United States withdrew US$28.
Valeant Pharmaceuticals and energy sector boost TSX The Toronto Stock Exchange's S&P/TSX composite index, Canada's main stock index, hit 12,217.
