Glencore acquired 11.6% stake in PolyMet. Glencore Xstrata plc announced the acquisition of 31,756,979 common shares of PolyMet Mining Corp. by Glencore AG, a wholly-owned subsidiary.
Investors
BlackBerry Investors to Question Smartphone's Management
BlackBerry is expected to face tough questions from investors during the annual shareholder meeting as the smartphone maker’s share went down by 28% last week.
Dell Shares Fall As Investors Grew Skeptical
Dell Inc’s shares fell more than 3% on Friday after investors grew skeptical if Michael Della and Silver Lake Partners could raise their buyout bid of US$13.65 per share piece.
Deals of The Day
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Italy's biggest bank UniCredit may consider a partnership for its business that manages 42 billion euros ($54.
ChemistDirect Gets More Funding
ChemistDirect obtains more funding totalling US$10 million. The leading online health service, ChemistDirect, had secured new investments totalling US$10 million.
Latest News
Siemens admitted it did not have the capacity to produce 600 carriages that resulted to its withdrawal on the bidding war.
RBC Global Asset Management Inc.'s sales of funds increase in June. RBC Global Asset Management Inc. announced on Friday that June net sales were Can$318 million, comprising of Can$268 million for long-term funds and Can$50 million for money market funds.
Veolia Environment anticipated to earn Eur5 billion from the rich and rapidly growing hydrocarbon industry.
Fiat SpA and PSA Peugeot Citroen came to an agreement that would allow them to make new delivery vans in Italy.
Bell Media acquired Astral and appointed new top executives. Bell Media officially acquired Astral Media Inc. for Can$3. 2 billion. The acquisition included two over-the-air TV stations, 77 radio stations, eight pay and specialty TV services, and last but not least, the Astral's out-of-home division.
Loblaw, Canada's biggest food retailer raised about Can$400 million for its real estate investment trust in an initial public offering.
China appointed Ding Xuedong as the new head of the country's sovereign wealth fund. Ding Xuedong was appointed as head of China's sovereign wealth fund.
Billionaire Eike Batista halted operations in iron-ore mine Corumba to save his empire’s commodities.
Conergy filed for insolvency after failing to get a deal with an investor who would finance its debts and operations.
