Silicon Valley Bank requested a loan receiver for Alvarion Ltd over a US$3 million debt that the bank says it cannot pay.
Regions
Infosys Q1 results as expected, stocks rise almost 15%
Infosys Q1 results were as expected and stocks rose by around 15%. Infosys first quarter report was aligned with market expectations. Shares of the IT firm also rose almost 15% early morning in Friday.
Eads acquires Jatasco, expands regional portfolio
Today, The Eads Company announced completion of its acquisition transaction for Oklahoma based Jatasco Inc.
Esperion Therapeutics announces underwriters' option following IPO completion
Esperion Therapeutics Inc announced that its appointed underwriters for a previously held IPO exercised their full overallotment option.
Private equity firm, 3i Group, hits Highs
3i Group's stock value hit its highest since 2007. 3i Group's shares closed at a 4-year high as investors proceed to buy into 3i Group's turnaround strategy.
Latest News
Safilo Group and Fossil Group, Inc, announced the renewal of their eye wear licensing agreement Safilo Group and Fossil Group, Inc, announced the renewal of their eyewear licensing agreement for the distribution, design and manufacturing of the FOSSIL branded optical frames and the addition of new design for sunglasses.
RWE and Qatar are currently holding talks about possible purchase of RWE's DEA oil and gas exploration and production unit.
Orix Corp. stated it would invest half a billion dollars in fast growing markets. Japan's most active financial firm in acquisition, Orix Corp. , revealed plans to spend JPY50 billion (US$506 million) on buyouts around Southeast Asia and the Middle East within the next 12 months tapping on faster-growing markets.
Billionaire investor Carl Icahn said in an interview with Bloomberg TV his planned sweetening of his takeover bid for Dell Inc with an additional warrant offer.
Quiksilver Inc announced the pricing of a previously announced offering for secured notes. Quiksilver, Inc. announced the pricing of their previous offering for Quiksilver and its wholly-owned subsidiary, QS Wholesale, Inc.
Lloyds Banking Group shares set to be sold to retail investors Lloyds Banking Group announced that half of the government's GBP18 billion stakes in Lloyds is expected to be sold to retail investors.
RadioShack revealed that they are in talks with investment banks regarding firm's financial health.
French Crédit Agricole and its investment bank unit asked employees to cut costs. French bank Crédit Agricole launched a program to cut its costs by sending members of its investment-banking unit a memo to reduce travel, lodging, meal expenditures.
Zurich Financial Services sold its shares in New Life China Insurance Co Ltd for US283 billion Zurich Financial Services AG announced that they have sold US$283 million worth of shares in New China Life Insurance Co Ltd.
