Groupon CEO Andrew Mason termination causes rebound in stock prices for the company. In last Friday's trading, Groupon shares climbed 12. 6% or US$0.
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Trafigura Exploring Bid for Nyrstar
Trafigura interested in purchasing zinc rights from Nyrstar. Trafigura, a well known commodities trader has announced its interest in purchasing the exclusive rights to purchase the zinc from Nyrstar, the world's number one producer.
KKR Lures New Specialists Ahead of Closing Its $6 Billion Pan-Asia Fund
The buyout firm has recruited two specialists in addition to its Japan team ahead of closing its new pan-Asia fund worth $6 billion
Wynn Faces Suit over Breach of Fiduciary Duties
Wynn faces another suit for the cash donation to University. The Board of Directors of Wynn Resorts Ltd and its owner, billionaire hotelier Steve Wynn is now facing another shareholder lawsuit alleging that US$135 million donation to the University of Macau had wasted company assets and was in breach of its fiduciary duties.
Fund Owners Million Dollar Payouts
Blackstone, Apollo and KKR lead payouts to chief executives after banner 2012 year. Co-founder and CEO of the Blackstone Group Steven Shwarzman, according to filed papers by the equity firm, received pay and cash dividends amounting to US$213.
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Macy's sues JC Penney and Martha Stewart for deal. JC Penney CEO Ron Johnson knew that if he signed the deal with Martha Stewart, he would be putting the company in jeopardy by creating a conflict with Macy's, its corporate rival.
Best Buy closes door on takeover bid of its founder. The latest offer from its minority ownership was considered 'poor' by Best Buy Co. , prompting it to reject the bid by Richard Shulze's private equity sponsors.
New Thales CEO projecting future of company. Newly appointed Thales SA Chairman and Chief Executive Officer Jean-Bernard Levy has been on the job for the last two and a half months.
Nomura is now in search for new candidates to fill in vacant slots after several executives left the company as a result of cost control.
Goldman Sachs hires Amy Overton, former VP for Citigroup. Lobbyist Amy Overton, formerly of Citigroup Inc, has taken a job with its nearest rival, Goldman Sachs Group Inc.
Man Group revamp seen to buoy Fund recovery. Man Group is depending its future on its fund manager AHL as it reports its current status as the leadership of new CEO Emmanuel Roman begins.
Max Levchin, one of the co-founders of online payment mogul Paypal has launched a business competitor last Tuesday.
Proxy advisers clamoring for job split for Disney's Iger. Walt Disney Co. shareholders have been advised by proxy advisers ISS and Glass and Lewis & Co to urge the split of CEO and Chairman duties currently held by Robert Iger.
Keith Rabois quits Square and joins Khosla Ventures. One of Silicon Valley's most well-known and most decorated executives and angel investor has resigned as Chief Operating Officer of Square.
