Cohen receives subpoena to testify before grand jury. Steven A. Cohen, the embattled hedge fund manager, has received a subpoena requiring his testimony before a grand jury on the government's insider trading investigation into his private equity firm, SAC Capital Advisors.
Investors
Finnish Mobile DNA to be Auctioned Off
Banking circles are aswirl with talk of the auction sale for DNA mobile of Finland. A group of bankers are putting together a fund worth just under Eur1 billion or US$1.
Alliance and Walgreens to Invest in AmerisouceBergen
Alliance Boots and Walgreens cleared to invest in AmerisourceBergen. In an announcement today by Alliance Boots GmbH and Walgreens Company, it disclosed that they have received the necessary regulatory clearances for their equity investment in AmerisourceBergen Corporation, one of the biggest pharmaceutical companies in North America.
Danone Will Invest in China thru Mengniu
Danone to put up joint venture with Mengniu Dairy. Owner of renowned Evian water and Activia yogurt, Danone, will be spending approximately EUR325 million or US$417 million to put up a joint venture with Mengniu of China.
Golden Equity Investments Acquires Goosecross Cellars
Golden Equity Investments purchases boutique winery Goosecross Cellars. Golden Equity Investments, a private equity firm based in Golden, Colorado, has acquired the luxury winery that is situated at Yountville, California, Goosecross Cellars.
Latest News
Oakfiled Capital reaches record amount through capital investments. The private equity firm that focuses its investment in small and medium sized businesses in the United Kingdom, Oakfield Capital Partners, related the first close of the United Kingdom Special Situations Fund securing GBP6 million firm in commitments.
Elan purchases two new interests as well as plan for another buyback option to blunt the Royalty Pharma drug offer.
Chesapeake Energy Appoints New CEO In a stunning move, Chesapeake Energy Corp has hired Robert Douglas Lawler to become its new Chief Executive Officer.
GM is set to grow further as investor confidence increases. The optimism on General Motors is increasing by the day, as the Treasury Department is boosting investor confidence by preparing for the sale of its shareholdings in the Detroit automaker.
Yahoo has just announced the acquisition of Tumblr. The board of directors of Yahoo Inc has just recently approved a deal to purchase Tublr, the blogging and social networking site.
Quantitative easing fsils in terms of volatility of investments done by managers. Investors would be pushed to hold on to more cash rather than place them in risky investments, if one follows the precepts of quantitative easing.
Congo's Inga 3 project has received commitments to be built to address current shortfalls and future rising demand for electricity in Africa.
Company earnings, because of ECB actions, is not a true test of viability. Company earnings was once a useful barometer as to a firm's European share price performance as more and more classes break up.
Japan opens fund for Africa Resource Projects Japan is planning to grant US$2 billion financial support for Japanese firms in the next five year. The available funding would enable them to continue their natural resources development projects in Africa.
