Sectors

Clearwire's Class A shareholders to decide on the deal for Sprint. Clearwire Corp's share values hovered above the current bid price of US$2.

Dar Al Arkan prepares for benchmark sized sukuk issue. Dar Al Arkan Real Estate Development Company of Saudi Arabia is in the midst of preparations to sell a benchmark sized Islamic bond or sukuk.

Cohen receives subpoena to testify before grand jury. Steven A. Cohen, the embattled hedge fund manager, has received a subpoena requiring his testimony before a grand jury on the government's insider trading investigation into his private equity firm, SAC Capital Advisors.

Oakfiled Capital reaches record amount through capital investments. The private equity firm that focuses its investment in small and medium sized businesses in the United Kingdom, Oakfield Capital Partners, related the first close of the United Kingdom Special Situations Fund securing GBP6 million firm in commitments.

Latest News

GM is set to grow further as investor confidence increases. The optimism on General Motors is increasing by the day, as the Treasury Department is boosting investor confidence by preparing for the sale of its shareholdings in the Detroit automaker.

Yahoo has just announced the acquisition of Tumblr. The board of directors of Yahoo Inc has just recently approved a deal to purchase Tublr, the blogging and social networking site.

Quantitative easing fsils in terms of volatility of investments done by managers. Investors would be pushed to hold on to more cash rather than place them in risky investments, if one follows the precepts of quantitative easing.

Top European economic officials hope to fix process to avoid repetition of the chaos that occurred during the Cyprus bailout proceedings.

Congo's Inga 3 project has received commitments to be built to address current shortfalls and future rising demand for electricity in Africa.

Company earnings, because of ECB actions, is not a true test of viability. Company earnings was once a useful barometer as to a firm's European share price performance as more and more classes break up.

Japan opens fund for Africa Resource Projects Japan is planning to grant US$2 billion financial support for Japanese firms in the next five year. The available funding would enable them to continue their natural resources development projects in Africa.

Loeb shares insights on its investment ideas on Japan and his style. Daniel Loeb, the billionaire investor is not one to shy away from a good deal but as of the moment, he has his eyes set on Japan.

UK Pension Funds start trying out leverage funds, often to seek high yields yet are unprepared for the high risks.

Billionaire Victor Pinchuk files for breach of contract and breach of trust against fellow Ukranian moguls.