BRF would be appointing Abilio Diniz as its new chairman. The new chairman of BRF- Brasil Foods SA is billionaire Abilio Diniz. He has said he would guide the country's biggest foodmaker for overseas expansion to boost profit margins.
People
KKR Appoints New Leadership in Japan
KKR appoints Hirofumi Hirano as CEO and MD while former CEO and MD Shusaku Minoda becomes chairman.
Jay-Z Sells Brooklyn Nets Interest
Jay-Z is divesting ownership with NBA team Brooklyn Nets to become a sports agent. Rap icon and producer Jay-Z has now offered his shareholdings in the National Basketball Association's Brooklyn Nets for sale in order to focus on the growth and development of his sports representation business.
JC Penney's Board Overrules Ackman
Ackman's handpicked executive has been replaced by the board of JC Penney. William Ackman has bet the ranch that he would be able to overhaul the financial condition of retail giant JC Penney.
Sources name UBS as mystery lender for Thai group's Ping An deal
The mystery lender who financed Thai billionaire Dhanin Chearavanont's $9.4 billion acquisition of HSBC's 15.6 stake in Ping An Insurance Group Co.,China's second largest insurer, had been named.
Latest News
California Governor Jerry Brown sets off to China as part of his continuing efforts to develop commercial ties with Chinese consumers.
With eyes set on the increasing demands of East Africa's growing middle class, Kenya-based private equity firm Catalyst Principal Partners has started to make investments from its $125 million fund and property ventures.
Investor Carl C. Icahn can be reimbursed of up to $25 million worth of expenses related to his deal work on certain conditions.
Former Hulu board member Peter Chermin offers US$500 million for Hulu. Hulu, the online video streamiong service established in 2007, has received an offer from former News Corp President Peter Chernin.
The former head of Credit Suisse's head of structured credit pleads not guilty to charges of overinflating prices in the subprime mortgage backed bonds market.
In anticipation of a housing shortage and the prospect of higher returns, some 30 institutions plan to invest $11 billion on rental homes in Britain.
Sir James Crosby, the former chief executive of HBOS who is allegedly the architect of its collapse, has quit as adviser to private equity firm Bridgepoint
Michael Pausic, long time fixture at Maverick Capital would be establishing his own hedge fund. Michael Pausic of Maverick Capital manages media and telecommunications investments at the hedge fund.
Matthew Taylor admits to wire fraud in Goldman Sachs case filed against him. Former Goldman Sachs Group Inc trader Matthew M. Taylor entered a plea of guilty last Wednesday on charges of defrauding the Wall Street bank with unauthorized future trades back in 2007.
