Lampert used US$393 million of shares in AutoNation Inc. to cater to client redemption demands after investors saw struggle at Sears Holdings Corp.
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International Automotive Components files US$115 Million IPO
International Automotive Components announced its IPO filing valued at US$115 Million with BofA Merrill Lynch, JP Morgan and Deutsche Bank Securities as its underwriters.
Chesapeake Energy Shareholders Reject Board Change Process Proposal
Chesapeake Energy shareholders soundly rejected the proposed leadership change process. (Photo : REUTERS)To match Special Report CHESAPEAKE-MCCLENDON/LOANS On Friday, the shareholders of Chesapeake Energy Corp rejected the proposal that would allow the board of directors of the company be replaced in one fell swoop.
BNY Mellon - Alcentra Mezzanine Partners hires Karin Kovacic as new veep
Karin Kovacic is named as BNY Mellon - Alcentra Mezzanine Partners' new vice president. (Photo : Reuters)This is the logo of BNY Mellon. BNY Mellon - Alcentra Mezzanine Partners, a provider of equal capacity and senior debt, announced on Friday that Karin Kovacic is its new vice president.
Ben Stiller and wife invest in Nourish Organic
Nourish Organic gained $3 million in investments from Renewal Funds and several other strategic investors, including actor Ben Stiller.
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Since February, top executives of Elan and Royalty Pharma have been vying to control over Elan. (Photo : Reuters )Irish drugmaker Elan will be giving back $1 billion to shareholders as a boost from the sale of its stake in multiple sclerosis treatment Tysabri to partner Biogen Idec.
Gary Kenneth Toomey succeeded Nikos Kardassis as CEO for India-based Jet Airways. (Photo : Reuters)The image shows Jet Airways aircraft. Nikos Kardassis was succeeded by Gary Kenneth Toomey as chief executive officer of Jet Airways (India) Ltd.
Charlie Ergen of Dish Network won a round against SoftBank Corp. as Clearwire Corp. endorsed the bid offer from Dish.
Ron Rawdon is hired as Market Street Advisor's new Senior Vice President. (Photo : )This is an image of the people behin the investment industry. New Jersey-based tech and services company Market Street Advisors named Ron Rawdon as its new Senior Vice President and New Business Development Director.
RingCentral said that it has named David Berman as its newest president. (Photo : Reuters)This is a representation of cloud communications technology. David Berman was named RingCentral's new president.
Elan CEO Kelly Martin's future employment with the upcoming shareholder vote. (Photo : Reuters)The image is Elan's CEO Kelly Martin. When former Merrill Lynch banker Kelly Martin took over Elan Pharmaceuticals in 2003, it was well known he did not have any drug industry experience.
Russian billionaire Alexander Lebedev is in talks to sell 4.5% of his stake in the country's flagship carrier, Aeroflot.
CEO for Royal Bank of Scotland was persuaded by the bank's board to step down to enable his successor to be in place prior the government's sale of its 81% stake.
Lululemon Athletica Inc. Chairman, Dennis Wilson sold his stock for US$49.5 million days before the announced surprise departure of the company's CEO Christine Day.
