People
Bell Media Acquires Astral, Appoints New Top Execs
Bell Media acquired Astral and appointed new top executives. Bell Media officially acquired Astral Media Inc. for Can$3. 2 billion. The acquisition included two over-the-air TV stations, 77 radio stations, eight pay and specialty TV services, and last but not least, the Astral's out-of-home division.
Ding Xuedong, New Chairman of Sovereign Wealth Fund CIC
China appointed Ding Xuedong as the new head of the country's sovereign wealth fund. Ding Xuedong was appointed as head of China's sovereign wealth fund.
Batista Halts Mine Operations to Save Empire
Billionaire Eike Batista halted operations in iron-ore mine Corumba to save his empire’s commodities.
Mobius Looks At Private Equity as Way to Access African Growth
Mark Mobius, CEO of Templeton Emerging Markets Group said that he has considered tapping growth in African emerging markets through private equity investments.