Citi hires Ben Story, former head of Deutsche Bank. Former Deutsche Bank head Ben Story has been appointed by Citigroup to become head of UK Investment Banking and Brokerage.
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Youku Sees Original Mobile Content to be Profitable
Youku views mobile content as platform for profits for the firm. China's largest online video company, Youku Tudou Inc. , claims that original programming and a drive into mobile content will support the company as it looks into posting its first profit since its initial public offering in 2010.
Greece Required to Pass Reform Laws before Bailout Tranche Released
Greek Finance Minister urged the legislative body to pass the reform measures required as a precondition to the release of the Eur2.8 billion tranche of bailout funds for the country.
McClendon Forms American Energy Partners
McClendon, after his exit from Chesapeake Energy, is now undertaking a new venture, American Energy Partners.
US investments in Overseas Real Property on the Upswing
Recent research indicate US investors are again looking to snap up real estate ventures and investments located overseas.
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Accor shareholders may pressure CEO to leave due to dismal performance. According to a Reuters report, Chief Executive Officer of Accor may be expelled by the company's board by Tuesday due to weak performance of the company shares in the local bourse in the past months.
Michael Weiss, who quit Morgan Stanley in early April, moves to the Chinese equity firm Sailing Capital Management.
Nestle, L'Oreal and the Bettencourts chequered history in business. The present situation of L'Oreal and Nestle relationship "isn't on the agenda for the time being," commented Jean-Paul Agon, CEO of L'Oreal in an interview with Investir, a French weekly magazine, which was published today.
Schauble gives his candid thoughts on investor participation, the Cyprus bailout and the European economy as a whole.
UBS banker, also a vice chairman at UBS is leaving for Blackstone Group. According to two anonymous sources familiar with the move, the global head of industrial investment banking of UBS has resigned from the bank to join the advisory business of The Blackstone Group.
DN Capital welcomes to the fold Imran Akram who would focus on finding equity deals in the digital media and software niche market.
According to Paul Flynn, new CEO of Whitehaven Coal the shares of embattled tycoon Nathan Tinkler remains put in the company.
Banco Itau is said to be relieving the duties of Marcelo Marangon and four others from executive positions in the bank.
John Paulson says that Dish offer is more than just investment, it is also spectrum and synergy. According to hedge fund giant John Paulson, the US$25.
