Wall Street lender Morgan Stanley has divested a major portion of its worldwide physical oil trading business to Rosneft, Russia's state-run oil company, Reuters reported.
North America
Forbes Media is seeking $400 million-plus sale despite offers for $200 million given its EBITDA of $20 million
Owners of Forbes Media is reportedly seeking $400 million to $500 million in its sale. However, sources value the Forbes magazine and Forbes.com publisher at $200 million given its EBITDA of $20 million last year.
Retailers get aggressive as holiday shopping nears but shoppers plan to spend less- report
Retailers are going to be ramping up efforts to lure buyers on the final weekend leading up to Christmas but shoppers intend to spend less, Reuters reported.
San Francisco protesters block buses of technology firms
The corporate buses of Apple Inc and Google Inc were delayed from their morning commute due to protesters in San Francisco and Oakland blocking them, Reuters reported.
What do emerging markets think of the Bitcoin?
A survey from Jana, a mobile platform that connects brands with consumers in the emerging markets, revealed that a good number of respondents from Asian countries know about the Bitcoin.
Latest News
Sedgwick Claims Management Services, backed by private equity firms Stone Point Capital and Hellman & Friedman, is looking to put up itself for sale in a deal that could value it at more than $2 billion.
Textron Inc., the maker of Cessna planes, reportedly agreed to takeover aircraft manufactured Beechcraft Corporation for $1.4 billion. Beechcraft has put up itself for sale after emerging from a bankruptcy protection earlier this year.
Eagle Merchant Partners, the firm managing the legacy portfolio firms of its former parent bank Arcapita, said it will not be selling Arcapita's assets for cents on the dollar, The Wall Street Journal reported.
Panda Power Funds said it will begin construction right away on the second power plant it had bought from Moxie Energy, with commercial operations set to start in the middle of 2016.
Michaels Stores, a retailer of arts-and-crafts based in Texas, has reorganized its previous plans to undertake an initial public offering, the Wall Street Journal reported.
A US Bankruptcy Court approves honey supplier Groeb Farms Inc to proceed with its restructuring plan
A US Bankruptcy Court allowed honey supplier Groeb Farms Inc to proceed with its restructuring plan, allowing the Michigan company to come out of Chapter 11 protection.
California-based firm Zimperium has raised $8 million in a funding round led by Sierra Ventures to develop its mobile technology that helps protect WiFi network users from hacker attacks.
Global private equity firm Providence Equity Partners will be exiting trade show company George Little Management to trade show operator Emerald Expositions Inc for $335 million.
Venture capital investors and startup CEOs are feeling optimistic and confident about the venture ecosystem next year, according to a survey from National Venture Capital Association and Dow Jone VentureSource.
