Lufkin Investigation Reveals No Breach of Fiduciary Duty

After due investigation, the special committee finds no breach of fiduciary duty conducted by the board of directors of Lufkin Industries for the GE deal.


Dish Surrenders Battle With Sprint Over Clearwire

Dish Network Corp has retreated the takeover battle for Clearwire Corp that ended the bidding war between Dish and Sprint Nextel.

Italia Independent to do IPO

Sunglass maker Italia Independent will do IPO at the Milan junior AIM stock market. (Photo : Reuters)The image is Lapo Elkann, the CEO of Italia Independent.

UK Mutuals in Jeopardy due to New Rules Imposed

According to an IFR report, UK mutuals may not be able to survive the tough new regulations imposed by UK authorities.


Latest News

After a previous disapproved bond issue, British Airways again attempts to float asset backed bonds to raise funds.
Tilal Development Co would be issuing a sukuk whose proceeds would be used to pay off debts and expand the Muscat Grand Mall.
Virgin Money recently returned to profitability after its acquisition of Northern Rock last January 2012.
Simon Havers was named as Odgers Berndston's new head. (Photo : Reuters)This is an image of executives based in London. Odgers Berndston, a United Kingdom-based private equity firm, named Simon Havers as its new executive to head its new private equity sector team.
Metacloud raised $10 million in its Series A funding led by Canaan Partners. (Photo : Reuters)This image represents cloud technology. Cloud solutions provider Metacloud said today that it closed its $10 million Series A fundraiser.
Steve Cohen was named by BenefitMall as its new vice president. (Photo : Reuters)This is the logo of BenefitMall. Steve Cohen, former vice president of sales at White Glove Health, was announced as BenefitMall's new vice president.
Rapid Micro Biosystems received funding from several lead investors. (Photo : Reuters)This is an image of workers in a microbiology laboratory. Rapid Micro Biosystems announced today that it has successfully received backing from lead investors Longitude Capital and TPG Biotech.
Ludei announced that it has gained $1.5 million in funding from Spanish investors. (Photo : Reuters)This is the logo of Ludei. The new capital will be utilized for the company's expansion of its JavaScript and HTML5 engineering processes and engineering team in lieu of the industry's increasing demand from major players in the entertainment and tech sector.
Related and Highbridge agreed to partner and create a joint venture on real estate. (Photo : Reuters)The image is an urban area where REITs and real estate moguls earn their keep.
Egypt's OCI increased in value as the country's finance authority approves of tender. (Photo : Reuters)The image is snapshot of the trading floor of the Egyptian bourse Orascom Construction Industries, one of Egypt's largest publicly traded firms, predicts a tremendous upsurge in more than seven years.