Pirelli chairman seeks to include new investors after falling out with major partner in the Pirelli investment.
Regions
International Business Machines Corp to Acquire SoftLayer Technologies
IBM announced acquisition of SoftLayer Technologies and the creation of a new division in the company for cloud-based services to its clients.
Zain to Put Up Company in Iraq
Zain would establish an Iraqi company to comply with IPO regulations in the country. The largest mobile company in Kuwait, Mobile Telecommunications Co, popularly known as Zain, is now in the process of creating an Iraqi company so that Zain Iraq would be able to comply with the regulations on public share sales.
China's Forced Sale of Glencore Peru Mine to Bring Rich Dividends
Two companies that are link to Chinese State-backed groups are pursuing the US$5 billion Glencore Xstrata mines in Peru.
Partnership Assurance Group Announces Its Planned Stock Market Debut
Cinven, the majority shareholder of Partnership Assurance Group, has announced IPO for Partnership to debut in the London Stock Exchange middle of June.
Latest News
Salesforce purchases ExactTarget for US$2.5 billion. The largest maker of online sales management tools, Salesforce. com Inc, has announced it would purchase ExactTarget, the marketing software maker.
Emaar MGF, the joint venture between Emaar Properties PJSC and MGF Development Ltd is being accused of FEMA violations.
Cardio3 BioSciences is planning an IPO after a previous unsuccessful run. (Photo : Reuters)The image is the microscopic view of a stem cell sample. Cardio3 BioSciences, the heart drug specialist pharmaceutical firm from Belgium, is now in the midst of planning the stock market offer of its shares in the Brussels and Paris bourses.
BlackRock, in a bid to lower trading costs as well as attract more investors, is setting up the first European ETF.
Nathan Tinkler agrees to a settle a US$12 million agreement with Blackwood Corp Ltd for a lawsuit filed against him for insolvent trading.
Mid-America Apartment Communities Inc. announced to buy Colonial Properties Trust for US$2.17 billion.
Two separate courts issued temporary restraining orders, restricting Royalty Pharma to bid for Elan.
Generali agrees to sell its reinsurance business to Scor for EUR 579 million. Last Tuesday, Generali announced its agreement to sell its US life reinsurance business to Scor.
Asian stocks swing from gains and losses while the US manufacturing unexpectedly contracted. Asian benchmarked stocks swung between gains and losses regardless of the optism that the Federal Reserves will keep its record of monetary stimulus.
