Glenview Capital joins Bass in raising stake at J.C. Penney

Glenview Capital Management LLC had joined Hayman Capital Management LP in raising its stake in retailer JC Penney even after the departure of Bill Ackman last month.


Mail.ru sells the rest of its Facebook stake

Russia's richest man, Alisher Usmanov, said that he had decided to reduce his Facebook holdings by selling 14.2 million shares.

BlackRock acquires OGX stock

This week, BlackRock Inc. had bought shares in OGX Petroleo & Gas Participacoes after its increased presence in Brazil's benchmark index.

Axel Springer pulls out of bidding for Scout24

German publisher Axel Springer withdrew from the race to bid for 30% of Deutsche Telekom's Scout24.


Latest News

Nokia had its focus redirected on network equipment manufacturing after it sold its handset units to Microsoft Corp.
KKR & Co LP said that it had agreed to purchase a property claims software firm called Mitchell International for around USD1.5 billion.
A Thailand based trader was ordered to pay USD5.2 million to settle civil charges filed against him for publicly trading call options and single stock futures before the announced acquisition plan of Shuanghui International Holdings for Smithfield Foods Corp.
According to a Delaware judge, ample time would be needed prior to the start of the trial for the Fiat-Chrysler deal.
After the Verizon-Vodafone USD130 billion deal, AT&T and Billionaire Tycoon Naguib Sawiris was reported to see Telecom Italia to be its next target.
Caixa Seguros bidders whittled down to two. The government of Portugal had decided to include two companies as bidders for the privatization of insurance arm of state bank Caixa Geral de Depositos.
Wishabi's digital circular platform is what investors saw fit to be capitalized in its Series B round.
The Management Development Institute of Singapore (MDIS) would be investing MYR300 million of its money to construct a large campus at Educity, Nusajaya.
Zuora received another USD50 million in capitalization making the total capital financing received at USD132.5 million.
The BRICS Group had announced USD100 billion to a fighting fund after it wanted to make the current markets steady.