A CNET report detailed how big the decisions the next chief executive officer of Microsoft Corp needs to make in order to get back into the technology race.
North America
Arbitration panel orders Wells Fargo & Co to repurchase auction rate debt
A Financial Industry Regulatory Authority arbitration panel ordered the San Francisco-based brokerage unit of Wells Fargo & Co to buy back auction rate securities amounting to $94 million from its investors.
New Jersey private equity firm DFW Capital raises $162.5M for fourth fund
New Jersey, US-based private equity firm DFW Capital Partners has closed $162.5 million for its fourth fund called DFW Capital Partners IV, shooting past its $150 million target.
Brookwood acquires The Embassy in Texas
Massachusetts, US-based private equity firm Brookwood Financial Partners has acquired The Embassy, a 10-storey office property located in the Las Colinas complex in Irving, Texas, for an undisclosed amount.
Chicago-based Tribune closes $2.73B acquisition of Local TV
Illinois, Chicago-based multimedia corporation Tribune Co has completed its $2.73-billion acquisition of television broadcasting firm Local TV after emerging from a four-year Chapter 11 bankruptcy in December.
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A recent rating by New York-based Macquarie analyst Ben Schachter urges investors that the time to sell shares in Twitter Inc is now despite its positive performance after debuting on the New York Stock Exchange last month.
Singapore-based asset management company Black River Capital Partners Food Fund Holdings (Singapore) Pte Ltd has increased its holding in Philippine-based food exporter AgriNurture Inc, according to a stock exchange disclosure.
Textron Inc Chairman and Chief Executive Officer Scott Donnelly disclosed to analysts and investors in a teleconference today that it will be financing its acquisition of Beech Holdings LLC via debt.
Sprint Corp's shares climbed as much as 15% earlier in trading day today as speculation that it will be merging with rival T-Mobile US Inc rises, said a Bloomberg report.
Volkswagen AG's Audi division said today in a statement that it is aiming to challenge major automobile players in terms of global sales by pouring in €22 billion or $30.3 billion in auto model and technology development through 2018.
Russian oil producer Rosneft said on Friday that it does not have any plans to make strategic acquisitions after agreeing to acquire Morgan Stanley's oil trading unit last week.
The Los Angeles Times reported that the legal costs of Bank of America could continue to rise, mostly due to its ill-fated acquisition of Countrywide Financial Corp in 2008.
Li Ka-shing, the richest man in Asia, has just invested an undisclosed amount in BitPay, a US-based startup that provides services similar to a PayPal for bitcoins.
Intel Capital, US-based Intel Corp's corporate venturing division, announced that it is investing in Taiwan-based digital image solution provider SanJet Technology to support the development of next generation wearable and car applications.
