L&T Komatsu will cease to be as L&T would buy out Komatsu's shares in the joint venture. Larsen and Toubro Ltd will buy out Komatsu Ltd's 50% share in their joint venture.
Regions
Russia Retaliates to US Imposed Ban
Russia bans US officials and other Americans as a response to the ban made by US officials in related to the Magnitsky incident.
Deutsche Bank Changes Board
In a move to bolster investment banking projects, Deutsche Bank removes three supervisory board members and replaces them with known advocates of investment banking.
Gassco Shuts Down Kollsnes Plant
Due to a planned maintenance check and low levels, the Troll Gas Field distribution plant at Kollsnes was shut down.
Ducati's current CEO frontrunner to be Alitalia's new CEO
Andrea Ragnetti may have to leave Ducati as CEO when asked to become Alitalia's new CEO. The chief executive officer of renowned Italian motorcycle builder Ducati, Gabriele Del Torchio is the top choice to take over the helm of ailing airline Alitalia.
Latest News
The hedge fund Barington urges cutting of costs and expansion of board of directors for the Jones Group.
WorldPay, a British payment processing company, will now have funds to pay a dividend and repay an expensive mezzanine loan with a new 700 million pound-equivalent ($1.8 billion) loan it had successfully raised.
An IPO is to be made of shares of Portola Pharmaceuticals expecting a return of US$150 million. An application to offer through initial public offering shares of stock from Portola Pharmaceuticals has been filed with regulatory authorities.
Lucky Brand and Juicy Couture of Fifth and Pacific Cos now offered for sale. Lucky Brand and Juicy Couture Brands of Fifth and Pacific Cos. have received offers from potential bidders.
Citigroup's units now being sought for acquisition by three different banks. The three largest private sector banks in Brazil have made offers to purchase Citigroup's credit card and consumer financing unit in Brazil.
Sharp is selling off its 9.2% shareholdings in Pioneer Corp. Sharp Corporation of Japan has announced it is selling off its 9. 2% shareholdings in car electronics manufacturer Pioneer Corp.
ChannelAdvisor has filed documents with the SEC to offer its shares in an IPO. ChannelAdvisor's main business is helping companies sell goods and services on the Internet has recently applied for listing through an initial public offer.
Public pension fund Birmingham Retirement & Relief System has sued SAC Capital Advisors LP over allegations of insider trading.
Praxair purchases CO2 assets of Tri-State Carbonic LLC. Praxair Inc, the industrial gas producer and supplier had announced earlier that it had acquired the carbon dioxide interests of Tri-State Carbonic LLC.
