Fiat's Chief Executive verifies that talks are still ongoing over Chrysler buy out. Sergio Marchionne, Chief Executive of Italian carmaker Fiat, has confirmed that negotiations to buy the 41.
Regions
Clearwire Shareholders Favor Sprint Nextel’s Bid
The shareholders at Clearwire approved the buyout bid from Sprint Nextel to acquire more than 49% of the company that it does not own on Monday.
Buffet Breaks Own Record at Giving Gifts
Buffet gave around 17.5 million Class B shares to the Bill and Melinda Gates Foundation. Warren Buffett has contributed a record US$2 billion to the Bill and Melinda Gates Foundation.
Barnes & Noble CEO Resigns
Chief Executive Officer for Barnes & Noble William Lynch resigned on Monday after failure to lead the US bookstore chain to compete against Amazon.com and Google Inc in the online market.
Aptech Limited to Pursue Growth in Career Education
Aptech Limited revealed plans to expand through its career education system. Aptech Limited, a Mumbai-based education company, has opened itself to acquisition opportunities that are in line with career education, to which it now focuses on, according to Ninad Karpe, CEO and managing director of Aptech Limited.
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The oil and gas company released convertible notes worth US $1.905 million to fund project in South Australia.
The data server company clinched a deal with Summit Partners to fund its expansion. Real-Time Big Data Server company WebAction, Inc announced that it has clinched an US$ 11 million financing for research and development expansion, sales and marketing investment increase and other business expansion endeavors.
UK's BlikBook continues its growth as it enters another round of financing to defray investment costs and business expansion.
Future Fifty hopes to encourage start up companies in UK to expand globally and be at par with Google and Amazon.
LVMH takes over majority of Loro Piana for US $2.57 billion LVMH Moet Hennessy Louis Vuitton agreed to buy 80% of Loro Piana SpA, one of the premier textile producers in Italy, for US $2.
Advantage Insurance enlists the help of GSO Capital Partners, a Blackstone Group affiliate, as its portfolio advisor.
Friendly's Ice Cream LLC takes over the American-themed company, which has over 300 corporate and franchises.
Edward (Ted) Marple takes the lead of the research organization as its founder Paul Wengender focus on the business aspect.
The company, more popularly known for its sewing machines, aims to rake in as much as US$200M from IPO.
