After completion of the Vodafone-Verizon USD130 billion deal, Vodafone would return a hefty USD84 billion in cash and shares to its investors.
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Lufthansa to modify pension plan for employees by year's end
Lufthansa had decided to scrap the current pension plan to a plan that is tied to investment returns of the fund.
Regulator approves new Palm Hills share issue
Palm Hills, the Egyptian developer wracked with intrigue and controversy from the Mubarak regime, had obtained approval from regulators as to its new share issue.
CBS reaches agreement with Time Warner to end blackout
CBS Corp and Time Warner Cable had reached an agreement to end a month long cable blackout of some shows in New York, Dallas and Los Angeles.
SBI increases stake in Indonesian subsidiary
In a filing on the Bombay Stock Exchange, the State Bank of India said that it had raised its stake in its Indonesian subsidiary by 99%.
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PT Indofood Sukses Makmur offered SGD488 million in cash for the vegetable processing firm Minzhong Food Corp.
UK task marketplace Sooqini announced USD500000 in seed funding from Lars Toft Larsen and Paolo Rubatto.
Powa Technologies receives funding for expansion after PM Cameron endorsed investor infuses money for the firm.
The USD130 billion payout to Vodafone, even with its sharing of proceeds with shareholders, allows current CEO many options for the company's future.
Suntech Power, the solar energy corporation, announced a plan to convert debt to equity as well as inclusion of a new strategic partner.
Vestiaire Collective had raised USD20 million Series C funding to fuel international growth. Vestiaire Collective received USD20 million Series C funding from Condé Nast, previous investor Balderton and Ventech as well as Indivest.
WPP Plc announced its purchase of a stake in the multi-platform agency Candyspace Media Ltd. WPP Plc, the advertising firm, announced it had acquired a minority stake in Candyspace Media Ltd, a multi-platform agency based in the United Kingdom.
Swiss startup KeyLemon had received USD1.5 million in Series A funding from Debiopharm Investment and Swisscom Ventures.
Istithmar World announced the appointment of Ziad Makkawi as its new CEO. The state owned conglomerate of the United Arab Emirates, Dubai World, announced the completion of a USD 25 billion debt restructuring in 2011.
