Steven A. Cohen is at the brink of cutting down a number of his staff after more investors are expected to pull out their money.
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Calpers Plan to Sell Its Entire Carlyle 4% Stake
Calpers is planning to sell its entire 4% stake in Carlyle that is valued at US$373.3 million. After 12 years of being managed by Carlyle Group LP, a private equity manager firm, the California Public Employees' Retirement System plans to sell its total 4% stake.
General Motors Rejoins S&P 500 After Four Years
GM rejoins S&P 500 replacing H.J Heinz Co. H. J Heinz Co. will be replaced by General Motors Co. (GM) in the Standard & Poor's 500 Index. This is after the trade closing on June 6.
Billabong Ends Takeover Talks and Looks To Refinancing Instead
Australian surfwear company Billabong ended takeover talks and looks at its refinancing options instead.
China Offers US$3 Billion Worth of Loans to 10 Caribbean Nations
President Xi Jinping offered a total of US$3 billion loans to 10 Caribbean nations however no direct confirmation was made by the Chinese government.
Latest News
Deutsche Annington is reportedly set for a market listing around July 4, a reliable source said on Monday.
Intercontinental Exchange Inc and NYSE Euronext has officially merged into a $20 billion worth company after their respective shareholders unanimously approved the deal on Monday.
Shire Plc (SHP) pulled off a settlement agreement with Teva Pharmaceutical Industries Ltd. (TEVA), enabling the later to manufacture cheap generic copies of Intuniv.
IVG, the German property firm, is planning to present a restructuring plan to its shareholders for debt repayment.
Nestle SA has a AA credit rating from S&P, which would determine the future acquisitions it would be making.
Vodafone to put in another GBP900 million for the completion of the 4G network of the company. The second largest wireless company in the world, Vodafone Group Plc, has announced that it would be inreasing its UK investments by a whopping 50%.
McGraw Hill Financial, the parent company of Standard and Poor's is investing further in Indian credit agency Crisil.
The production of Vietnam’s robusta coffee, which is used as the primary ingredient for instant coffee, is expected to increase in 15 months, sending its futures to its biggest nosedive since 2009.
PPR is preparing to spin off its Fnac book and electronics stores. (Photo : Reuters)The image is of PPR CEO speaking before shareholders. The French company that owns the Gucci brand, PPR SA, is in the process of spinning off its Fnac book and electronics stores.
