Facebook to answer lawsuit over IPO misinformation. Facebook, still reeling from the fiascos of its IPO, is now facing another shareholder lawsuit. The world's biggest social networking company's executives, namely founder and CEO Mark Zuckerberg, its board and other officers for the damage sustained.
North America
Wells Fargo CFO to Consider Mortgage Servicing Rights Market
Wells Fargo's chief financial officer Tim Sloan revealed during an investor conference that they may consider sale of mortgage servicing rights without any capital pressure.
Firms Plan HD Supply IPO
Fund managers prepare IPO of HD Supply. HD Supply is going public and many private equity firms are preparing for the IPO. This comes six years after the industrial distribution company was bought out of Home Depot Inc for a whopping US$8.
Private Equity Firms Make 2nd Round Bids for Armacell Buyout
Charterhouse, HgCapital and Pamplona are the remaining companies battling to acquire German insulation company Armacell after Goldman Sachs Private Equity and Equiston withdrew from the auction.
G4S to Sell U.S. Government Business Unit
Security firm G4S has decided to sell its government business unit in the U.S. as the country struggles from budget cuts.
Latest News
Corvex and Related lose court fight to restrain stock offer by Commonwealth REIT. Despite the objections by investors in CommonWealth REIT, the sale of thirty million shares valued at US$19 per share would proceed as planned.
Trafigura interested in purchasing zinc rights from Nyrstar. Trafigura, a well known commodities trader has announced its interest in purchasing the exclusive rights to purchase the zinc from Nyrstar, the world's number one producer.
Fiat's CEO reveals the company's plan of buying out the remaining shares in Chrysler, in which it has 58.5 percent share, as the company met with banks for acquisition financing.
First offer of Schulman rejected by Ferro. After an initial snub, chemicals maker A. Schulman reinstated its offer to purchase Ferro Corp for US$563 million.
Hess sells of Hetco, its energy trading subsidiary. Hess Corp will be selling off its energy trading arm Hetco to precipitate its exit from the gasoline and marketing industry by the year 2015.
Gundlach now buying ten year Treasury Bills. One of the world's best fund managers, Jeffrey Gundlach took a 180 degree turn on government debt. He said he has purchased "more long-term Treasuries in the last month" compared to his purchases in the last four years.
It's a substantial shot in the arm and vote of confidence for these young startups It's a substantial shot in the arm and vote of confidence for these young startups.
U.S. silver mining company Hecla Mining Co. is set to buy Aurizon Mines Ltd. as part of its attempt to gain access to a Quebec gold mine.
Japan Exploration purchases ten percent stake in Petronas Canada stake. A ten percent stake in a shale gas and liquefied natural gas joint project has been purchased by Japan Petroleum Exploration from Malaysia's Petronas.
