Schneider Electric announced that they are in early talks to buy Invensys for US$5billion. Schneider Electric announced that they are in early talks to buy Invensys Plc.
Sectors
RadioShack in talks with investment banks
RadioShack revealed that they are in talks with investment banks regarding firm's financial health.
Crédit Agricole seeking ways to save money amid Europe crisis.
French Crédit Agricole and its investment bank unit asked employees to cut costs. French bank Crédit Agricole launched a program to cut its costs by sending members of its investment-banking unit a memo to reduce travel, lodging, meal expenditures.
Zurich sells shares in New Life China
Zurich Financial Services sold its shares in New Life China Insurance Co Ltd for US283 billion Zurich Financial Services AG announced that they have sold US$283 million worth of shares in New China Life Insurance Co Ltd.
Icahn challenges Dell's bid with improved offer
Icahn offered Dell Inc. shareholder improved deal and a warrant. Billionaire investor Carl Icahn revealed that he wants Michael Dell to improve his US$24.
Latest News
US senators have announced a plan to reintroduce Glass-Steagall Act. U. S. Senator Elizabeth Warren, a Massachusetts Democrat, reported she and a team of lawmakers are introducing a bill geared at a revived Glass-Steagall Act.
Two of Mexico's brewers gets a warning against a possible duopoly. Mexico's Federal Competition Commission issued a warning to two of its biggest brewers to open up the market to other competitors or face heavy penalties.
SMART Modular Technologies open research and development facility in Taiwan. SMART Modular Technologies Inc. today announced that it has opened its first facility in Taiwan.
Internet provider, FreedomPop, gets additional US $5 million funding bringing its total to US $16 million.
Codelco would sell its non-key assets to fund its investments after receiving only US$1 billion from the government.
The investment company employs Peter Kotz, who has over 18 years of solid work experience. Gladstone Investment Corporation employed a new Managing Director for its Chicago office.
Sinosteel was in talks with Nigerian ministers for about US$6 million worth investment in Nigerian steel mill.
Comprehend secures US $8.4 million to fund expansion projects. Comprehend Systems, Inc has joined Sequioa Capital in securing US $8. 4 million series A funding, which will be used to finance the enhancement and development of its clinical data insights software.
Doric Assets speeds up the acquisition of A380 jets to cater to the needs of its clients. Demand for more A380 airbuses from commercial carriers prompted Doric Assets Finance Ltd.
