Clear Channel Outdoor shareholders agreed to a settlement for an improper loan causing significant loss to the parent company.
Investors
Nationwide Financial Buys 17 Funds from Union Bank's HighMark
Nationwide Financial has announced that it is acquiring 17 equity and bond mutual funds with $3.6 billion in assets from Union Bank's HighMark Capital Management.
Michael Pausic Resigns from Maverick Capital
Michael Pausic, long time fixture at Maverick Capital would be establishing his own hedge fund. Michael Pausic of Maverick Capital manages media and telecommunications investments at the hedge fund.
NFP Final Bidders Known
The finalists for the bids for NFP are TPG and Madison Dearborn. The two final bidders for wealth management company National Financial Partners are private equity firms TPG Capital and Madison Dearborn Partners.
Allianz Criticizes Bank Mishandling of Block Sales
Allianze, through its CIO criticized the handling of block sales of firms resulting in retained shareholdings by the bank.
Latest News
Ireland’s Takeover Panel is urging United State's Royalty Pharma to firm offer for Irish drugmaker Elan by May 10.
According to President and COO Gary Cohn, Brazil is the new frontier for growth for Goldman Sachs. In a bid to increase its base of corporate clients in Brazil and neighboring countries, Goldman Sachs President and COO Gary Cohn said that it would respond to increased demand for corporate loans, advisory services and structure financing in the country.
Valeant increases its offer to acquire Obagi after Merz Pharma tops its previous offer last month. Cosmetics products maker Obagi Medical Products Inc.
According to a shareholder group, RBS and its directors should stand trial for lost share value in the bank because of the acceptance of the bailout plan.
Paypal now not only looks after the online shopper, but also the online merchant. Paypal, eBay's online payment business already lends financing to its online shoppers.
Samsung has entered into an agreement with Absolute Software to allow embedding of the technology into the Galaxy firmware.
Obagi's enterprise value increased as Valeant offered a higher share value price of US$24 per share.
Unicredit has announced the implementation of a buy-back scheme for outstanding bonds. Italy's largest bank in terms of assets had announced it would be buying back senior bonds.
Belgian firm Alfacam is now in rough waters financially after its credit line was cut off for breach of covenants.
