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Batista dismisses OGX Oil chief as bond default woes persist

Luiz Carneiro was fired as chief executive of his OGX Petroleo e Gas Participacoes SA by Eike Batista, whose commodity group owned the oil and gas company.


Softbank in talks to buy stake in Brightstar Corp

A regulatory filing by Softbank Corp had confirmed rumors of the Japanese company purchasing a stake in US mobile distributor company Brightstar Corp.

Insider trading jury of Mark Cuban to deliberate on case

Jury deliberations on the insider trading case against Mark Cuban started Wednesday. The jury had begun deliberations for the insider trading case of NBA Dallas Mavericks owner Mark Cuban.

Woodford leaves Invesco to put up own shop

Neil Woodford leaves Invesco after 25 years of service for a still unannounced firm of his own. The overseer of the largest equity fund in the United Kingdom, Neil Woodford, had announced his departure from Invesco Perpetual after 25 years of service to manage his very own firm.


Latest News

Naveen Jindal is the latest personality included in the ownership dispute of Positiv TV. Congress Member of Parliament and Industrialist Naveen Jindal was recently included in an ownership dispute between the shareholders of Positiv TV.
Danske Bank dismissed its Head of Treasury Steen Blaafalk. According to a Bloomberg report, Danish lender Danske Bank had fired its Head of Treasury Steen Blaafalk.
Chinese tycoon Tong Jinquan would be purchasing SGD 200 million shares in Viva Industrial's SGD 375 million Singapore IPO.
The new fund of private equity firm Cudos Capital, which is co-founded by former Austrian chancellor Alfred Gusenbauer, would seek to raise EUR150 million.
According to pundits and observers, Berkshire Hathaway Inc chief Warren Buffett had resorted to a different management approach in hiring new chief executives for his business units.
Due to so-called 'exogenous shocks', Jordan leverages release of third tranche of the IMF funding.
Pennzoil's "Mission: ABLE" program donated three vans to three veterans for their specialized needs.
Hewlett-Packard (HP) Co Chief Executive Officer Meg Whitman's recent email to its over 300,000 employees had stressed the need for the company to work harder and regain the top spot in the corporate technology services market.
Chesapeake Energy Corp chief executive officer Doug Lawler had started trimming company's assets and expenses to shift the company's focus to its core business.
Janet Yellen's nomination for the role of chief of US Federal Reserve would add her to the list of women who shape the US economy primarily dominated by men.