Warren Buffett's Berkshire Hathaway would hold its shareholder meeting with a new twist on the festivities.
Investors
Andante Travels Obtains Investment from Panoramic Growth Equity
Panoramic Growth Equity invests in Andante Travels. Panoramic Growth Equity, one of the leading equity investors in entrepreneurial companies, had announced its GBP1.
US$16 Million from Andreessen Horowitz for Dwolla
Andreessen Horowitz heads fundraising for Dwolla worth US$16.5 million. According to Reuters, Venture Beat reported that Andreessen Horowitz, headed the third funding round for Dwolla.
Lightsource Renewable Energy Ltd to Invest in New Solar Facilities in the UK
Lightsource to invest in new solar facilities in the UK. The UK developer that installed a sun-energy collecting project at the roof of Bentley Motors Ltd, Lightsource Renewable Energy Ltd, announced it may invest as much as GBP400 million or US$623 million in 2013 for solar facilities in the United Kingdom.
Loblaw Announces Profit Earnings
Loblaw, even with the highly competitive market, announces profit earnings for the year. Loblaw Cos Ltd, the largest food retailer in Canada, has reported a 40% increase in its first quarter profit earnings.
Latest News
GDF Suez and Santos may seek partners and/or investors for offshore Bonaparte LNG project. Australia's third largest oil production company, Santos Ltd has announced that the proposed Bonaparte floating LNG venture with GDF Suez SA off the northen coast may require another partner.
Coda Holdings sought bankruptcy protection in Wilmington, DE, with the Coda Electric Car manufacturing unit as among the assets to be sold off.
QIB CEO Bassel Gamal said that the bank would no longer issue any more sukuk bonds until 2014. The Gulf region's largest sharia compliant banking institution in terms of assets, the Qatar Islamic Bank, has said that it is not expecting to issue more Islamic bonds before 2014.
Emma Delta, as required by the Athens government, increases its bid for OPAP, the Greek gambling monopoly.
Melrose Industries sells off Tyman Hardware for US$200 million. Melrose Industries Plc, the engineering turnaround specialist, has announced that it would be selling off its North American hardware company.
Chris Hansen's bid to move the Kings to Seattle has been rejected by the NBA committee of owners.
Tim Hortons Inc is being forced by activist investors to undertake aggressive financial engineering despite healthy condition.
Z Energy Ltd open for IPO in New Zealand. Z Energy Ltd's owners, a gas station conglomerate that provides one third of all of New Zealand's fuel needs, has appointed a number of banking institutions for the possible sale of as much as 60% of the company on the public bourse.
Glass Lewis changes tune on Occidental Petroleum Chairman Ray Irani. Investor advisory firm Glass Lewis has made an about face on its recommendation for voting preferences for Occidental Petroleum Executive Chairman Ray Irani.
