Eagle Merchant Partners, the firm managing the legacy portfolio firms of its former parent bank Arcapita, said it will not be selling Arcapita's assets for cents on the dollar, The Wall Street Journal reported.
Regions
Air France-KLM to sell CityJet, VLM Airlines to Germany's Intro Aviation for undisclosed sum
Air France-KLM has put its regional airline CityJet on the block after posting a loss of €209 million last year. It had received on Friday a firm offer from Germany's Intro Aviation to buy the struggling Dublin-based airline.
Investigators say overseas hackers responsible for Target cyber attack- source
Investigators think that overseas hackers were responsible for the cyber attack that compromised 40 million payment cards of Target Corp, a US retailer, Reuters reported.
Southwire acquires rival electrical wire, cable maker Coleman for $786M, including debt
Southwire Co., one of the biggest electrical wire and cable makers in the US, has agreed to takeover smaller rival Coleman Cable for $492 million in cash. Southwire will also assume Coleman's debt, bringing the deal size to about $786 million.
Morgan Stanley sells a major portion of its worldwide physical oil trading business to Rosneft
Wall Street lender Morgan Stanley has divested a major portion of its worldwide physical oil trading business to Rosneft, Russia's state-run oil company, Reuters reported.
Latest News
Panda Power Funds said it will begin construction right away on the second power plant it had bought from Moxie Energy, with commercial operations set to start in the middle of 2016.
Michaels Stores, a retailer of arts-and-crafts based in Texas, has reorganized its previous plans to undertake an initial public offering, the Wall Street Journal reported.
Vodafone Group has agreed on a domination agreement with Kabel Deutschland a few months after purchasing the German cable company for €7.7 billion. Domination agreements are used in Germany by acquirers who wish to gain full control of the company without controlling all the shares.
A US Bankruptcy Court approves honey supplier Groeb Farms Inc to proceed with its restructuring plan
A US Bankruptcy Court allowed honey supplier Groeb Farms Inc to proceed with its restructuring plan, allowing the Michigan company to come out of Chapter 11 protection.
Co-operative Bank and its parent Co-operative Group on Friday announced that it had successfully completed raising £1 billion for its rescue plan. The British bank with raise about £500 million more from Co-op Group, its bondholders and its interest savings to complete its target fund of £1.5 billion.
California-based firm Zimperium has raised $8 million in a funding round led by Sierra Ventures to develop its mobile technology that helps protect WiFi network users from hacker attacks.
Singapore's National Research Foundation has poured in $500,000 in funding in health care startup Ring.MD to give Asian residents easier access to healthcare services online.
Global private equity firm Providence Equity Partners will be exiting trade show company George Little Management to trade show operator Emerald Expositions Inc for $335 million.
Venture capital investors and startup CEOs are feeling optimistic and confident about the venture ecosystem next year, according to a survey from National Venture Capital Association and Dow Jone VentureSource.
