Royal Bank of Canada announced looking for C$5 billion wealth acquisitions according to its CFO, Janice Fukakusa.
Investors
Lululemon Chairman Sold Stock Before CEO Departure
Lululemon Athletica Inc. Chairman, Dennis Wilson sold his stock for US$49.5 million days before the announced surprise departure of the company's CEO Christine Day.
Empire Co to Acquire Safeway Canada for Can$5.8 Billion
Empire Co, Sobeys' operator, announced its planned acquisition for Safeway Canada for Can$5.8 billion that will close later this year after regulatory approvals.
Numericable, French Cable Company, Plans IPO
According to sources, Numericable hired Rothschild to work on a Eur5 billion Paris Stock Market debut within the year.
SAC Hedge Fund Rivals Hope to Feast on Investor Redemptions
Five hedge fund rivals top the list of possible investment alternative firms after an estimated US$3 billion to US$4 billion outside money leaves SAC Capital Advisors by year end.
Latest News
Clearwire Corp's board has urged its shareholders to accept the offer proposed by Dish priced at US$4.40 over the US$3.40 offer from Sprint.
Coty Inc, the perfume maker to the elite, is undertaking an IPO that is below market value with many provisions.
Exxaro announced the completion of its investments in two wind farms located in the Eastern Cape Province of South Africa.
Legal and General Group announced its plans for investments hinged on the government's changes in its policies.
Punch Tavern's bondholders rejected the latest proposal for debt restructuring. (Photo : Reuters)The image is a pub goer enjoying a pint. United Kingdom pub operator Punch Taverns Plc had earlier proposed a restructuring plan for its GBP2.
Virgin Money exploring IPO of Northern Rock. (Photo : Reuters)The image is the logo of Virgin Money. The bank that purchased Northern Rock Plc, Virgin Money Holdings UK, is in the process of searching for advisers to provide assistance for its initial public offer.
Chevron Phillips is planning a growth program in the Middle East. (Photo : Reuters)The image is the corporate logo of Chevron Phillips. The petrochemical joint venture between US oil firm Cheveron Corp and oil refiner Philips 66, Chevron Phillips Chemical Co, is now exploring ways to increase its presence in the Middle East.
Apollo Tyres purchases the shares of Cooper Tire and Rubber to create the seventh largest tire company in the world.
Fitch ratings warns Vodafone of the effect should the British firm purchase Kabel Deutschland. (Photo : Reuters)The image is the frontage of the corporate headquarters of Fitch Ratings.
