Daniel Loeb's hedge fund Third Point LLC purchased a USD113.7 million stake in Walt Disney Co. The Third Point LLC of Daniel Loeb purchased a USD113.
Regions
BlackBerry to go private as quick fix for dropping shares
BlackBerry could go private to help improve market value. BlackBerry finds itself on the verge of going private, according to analysts in a Reuters report.
Samsung to spark smartwatch rivalry
Samsung’s smart wristwatch launch next month is expected to set off new battle following wrangles with Apple Inc over smartphones and tablets.
Live Nation reduces yearly cash interest payments by USD12 million
Live Nation completed a debt refinancing which would cut its yearly cash interest payments by USD12 million.
J.C. Penney appoints new director to resolve clash with Ackman
J.C. Penney appoints new director to settle publicized clash with Bill Ackman. Reuters' early reports indicated the plans of J. C. Penney to name its new director last Monday.
Latest News
US District Judge William Alsup said singer songwriter Chubby Checker could sue Hewlett Packard Co for infringing his trademarked name.
Groupon stocks dropped by 4.2% to USD9.78 after Tiger Global Management LLC cut its stake in the company.
Spain may seriously consider taking their Gibraltar dispute with Britain to the United Nations for support on the issue.
A source said Sony Corp reached a preliminary agreement with Viacom Inc. for television streaming services.
Studies by financial analysts indicated that the banking sector is recovering and may regain top spot on S & P.
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
Chris Hagstrom was appointed head of prime brokerage for the U.S. by Switzerland's largest bank, UBS.
Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion). Latin America's largest bank in terms of market value, Itau Unibanco Holding SA received tax charges amounting to BRL18.
The bank recently assigned Nikolaus Giesbert to head the newly merged fixed income and currencies sales and trading arms division.
