NN appoints Richard Holder as its new CEO. There is a new CEO for NN and the new appointee is Richard Holder to be effective on June 3, 2013. Holder is replacing Roderick Baty, who is retiring from the office.
Sectors
Greece's FBBank to be Wound Down
In a move to restructure its banking industry, the Greek Central Bank is closing down FBBank. Greece, in a bid for housecleaning, has split one of its smaller lending institutions into 'good' and 'bad' parts.
Russia Takes Different Tact on Cyprus Loan Extension
Russia's Finance Minister says there is a need for Russian Parliamentary approval for any terms changed on the loan.
The Gores Group Acquires Davis + Henderson Corp
The Gores Group purchases Davis+Henderson Corp. In an announcement from the Gores Small Capitalization Partners, LP disclosed its purchase of Davis + Henderson Corporation's three company units in Canada.
Merger Market Soon To Rebound
According to Credit Suisse, the cycle of mergers and acquisitions would soon be picking up because of positive factors in the market.
Latest News
Discovery Labs to undertake IPO for the expansion of its capital base. Discovery Laboratories is now turning its attention to fundraising activities for increase of its capital base.
Bloomberg news reporters had access to personal information of those using the news service, leading to ethical issues as to its use.
JP Morgan sells off power marketing rights amidst allegations of price manipulation in California and Michigan.
Two directors issued a letter in response to the recommendations made by proxy advisory firms on the ceo-chairman split issue as well as removal of some of the JP Morgan directors from the board.
Actavis and Warner Chilcott are exploring options for a merger after Actavis failed to merge with Valeant.
ISS and Glass Lewis provide opposing advisories to Clearwire shareholders regarding the takeover bid of Sprint-Nextel.
Icahn, in a bid of bravado, offers a couple of billion of own money for Dell bid. Billionaire investor Carl Icahn, who has just informed the Dell board of an intention to bid for the company with Southeastern Asset Management, told Reuters that he is willing to contribute a couple of billion of dollars in order to finance a bridge loan worth US$5.
Wisconsin bill for state backed venture capital fund proposed. A bill whose main provision would place US$25 million in state money to fund start up companies in Wisconsin has passed the first reading in its state legislature.
Augme Tech gets loan facility from Silicon Valley Bank. Augme Technologies, Inc together with its fully owned subsidiary, Hipcricket, Inc divulged to the public last Friday that it was able to get a credit facility on its accounts receivable from the Silicon Valley Bank.
