The new board elected for Stillwater Mining comprise nominees from the Clinton Group, an activist investor in the company.
Regions
Mukesh Ambani of Reliance in Discussion to Acquire IMG
Reliance deemed as frontrunner to acquire IMG. In a report from the Indian Express, it was disclosed that the Chairman of Reliance Industries Ltd. Mukesh Ambani is in discussion regarding the acquisition of IMG Worldwide, a talent agency based in New York, according to anonymous Reliance officials.
Bioniche Responds No to Request for Special Meeting
The Special Committee of Bioniche Life Sciences responded to the request for a special meeting with a letter saying no.
Wall Street Expects Fed To Continue Stimulus Program
Wall Street is expecting the Federal Reserve to continue implementing its stimulus program. Wall Street is urging the Federal Reserve to purchase a total of US$1.
Vinik Asset Management to Close Shop
Vinik Asset Management is set to wind up its business, according to a report from the Wall Street Journal.
Latest News
Credit Suisse files suit against former employee that jumped ship to rival Goldman Sachs. Credit Suisse Group AG has filed suit against its former vice president for emerging markets group on the grounds she stole confidential documents and trade secrets prior to her transfer to Goldman Sachs.
Berkshire Hathaway reports record earnings for its shareholders in meeting with Warren Buffett. In the announcement during its shareholders meeting held at Omaha, Nebraska last Friday, Warren Buffett said that quarterly profit rose nearly 51% on solid performance of its investments in insurance and other businesses, together with revenues from derivatives.
Claire's Inc prepares for IPO expecting a return in the upwards of US$100 million. Claire's Inc, the private equity backed retailer of jewelry and accessories, has filed an application with government regulators to raise up to US$100 million in an initial public offering of its common shares of stock.
Loans remain the safest route for financing during unstable markets. A crackdown on bank lending similar to regulations have not barred corporate funds from plunging itself into the loan markets.
Junk rated companies are riding the crest of yield seeking investors, regardless of the risks. The current European economic crisis has moved a rate cut this week, but this did not hinder the unstoppable search for profit from many fund managers.
Buyout flipping means private equity funds sell and buy assets from one another, which to many looks like recycling in order to generate funds.
More and more banks are incensed with deals done privately instead of the normal auction process conducted.
GE obtains approval from the Federal Trade Commission for its purchase of Lufkin pumps. General Electric Co obtained antitrust approval to purchase oilfield pump manufacturer Lufkin Industries Inc.
Charlie Ergen may be the face of Dish Network but Tom Cullen is the muscle behind the push for wireless technology.
