Mariano Rajoy makes risky bet on Spain's economic recovery

Spanish Prime Minister, Mariano Rajoy claims that recovery is close for Spain. Spain Prime Minister, Mariano Rajoy makes a risky political bet by making claims that recovery is close at hand for Spain.


SEC heads to trial against former Goldham Sachs bond trader

SEC said that they are ready for the Fabrice Tourre trial. The U. S. Securities and Exchange Commission announced that they head to trial for the fraud case against the former Goldman Sachs bond trader, Fabrice Tourre.

Saks Inc shares rise due to new takeover offer

Starwood Capital Group LLC announced that they have made an offer to acquire New York based luxury department store chain, Saks Inc.

Grupo Aval to acquire BBVA Panama

Columbia's Grupo Aval announced their intent to acquire 100% stake in BBVA Panama Grupo Aval announced that they will pay US$490 million to acquire the Panamanian operations of BBVA Bank.


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Cinven to acquire Host Europe, an internet hosting and domain firm, in the amount of GBP 438 million.
Private equity veteran T.J. Jubeir has been named as one of the board of directors of Capital Chapter of the Entrepreneurs Organization (EO-DC).
Battery Ventures, Austin Ventures and The Valley Fund have all made their commitments to back-up the newly launched accelerator program, OpenIncubate.
Serinus Energy formalize its strategic relationship with Dutco Energy Serinus Energy Inc. announced that the formation of a strategic relationship with Dutco Energy Ltd.
Maker’s Row announced that they were able to raise US$1 million from seed round. Maker's Row, announced that the company closed a seed round of US$1 million.
Brookwood Financial Partners, LLC acquires Dallas' Interchange Office Center. Brookwood Financial Partners, LLC announced that they have acquired the Interchange Office Center, in Dallas Texas.
Goldman Sachs Group, Inc and Bank of America leads the corporate bond sales this week, which raked in approximately US $30 million.
Pyramid Group takes the reins of Sheraton Hotel following the latter company's sale amounting to US $61 million
French company CEVA enters into an agreement with Sichuan subsidiary to acquire the latter's stake in animal health subsidiary.
Beleaguered lender Kommunalkredit proceeds with run-off after its efforts to find buyers fail. After its failure to find buyers, Kommunalkredit Austria AG is expected to close its books and attempt to sell off parts of its assets.