A new CEO was recently installed for billionaire Eike Batista's OSX as it prepares itself for bankruptcy and other legal processes, according to its lawyers.
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Sotheby appoints Domenico De Sole as lead independent director amid pressure from activist investor
Auction house Sotheby's named Tom Ford International Chairman and former Gucci head Domenico De Sole as its lead independent director amid criticism from activist investor Daniel Loeb.
Japan to invest $2M to revive Iran's Anzali lagoon
The Japan International Cooperation Agency (JICA) will pour in $2 million in three projects aimed at reviving the degraded Anzali lagoon in Iran, according to an environment official cited by IRNA new agency.
Private equity investors to sell remaining 19.7 pct BPost stake
Belgian postal group BPost said on Tuesday that its private equity backers, which still owned a 19.7 percent stake in the group after it was floated in June, would sell their shares in an accelerated bookbuild.
Aurora Capital Group completes acquisition of National Technical Systems
Aurora Capital Group has completed its previously-announced acquisition of National Technical Systems. The cash acquisition priced at USD 23 per share was at a 39% premium to the closing price of NTS on August 15.
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For its Amazon prime members, Amazon had entered into an agreement with the US Postal Service into providing deliveries to customers on both Saturdays and Sundays.
Hannes Smarson is facing embezzlement charges is his role in the misappropriation of funds from FL Group hf during his time as its chairman.
Cargill India to construct industrial factories located in Punjab. Cargill, the agriculture firm, announced recently the preparedness in constructing INR 100 crore ultra modern feed plant located int he Malwa belt in Punjab.
Lawyers for Major League Baseball and Alex Rodriguez argue as to jurisdiction of the case, if it were in federal court or state court.
Ross' investments in shipping is based on faith that emerging markets would boost trade in the long haul.
Field specific information would be received by farmers from DuPont Pioneer The agricultural seed unit of DuPont, DuPont Pioneer, announced last Friday it had aligned with Deere & Co, the farm machinery company to compete against rival Monsanto in providing enhanced 'precision agriculture' analysis with the goal of maximizing crop production.
According to Moody's Investors Service, buyout firms would be targeting European retailers to take advantage of low funding costs.
U.S. office retailer Office Depot Inc. completed a USD976 million merger deal with smaller rival OfficeMax Inc.
Eike Bautista's OSX Brazil is to discuss details with last bankrupt employees since this whole morning.
