Glass Lewis has advised Morgan Stanley shareholders that it should veto the executive pay plan proposed, as the compensation is not correlative to performance.
Sectors
UBS Facing Calls for Structural Operations Split
UBS is facing calls from shareholders seeking to split the banking operations from wealth management operations.
Smith & Nephew to Conduct Share Buyback Programme
Smith & Nephew to conduct share buyback programme for its shareholders. Smith & Nephew, the medical devices manufacturer, is now conducting a cash return program to its shareholders through a US$300 million repurchase program.
APTT Seeks to Raise Funds
APTT seeking to raise funds to repurchase shares and pay off debts. Asian Pay Television Trust is planning to raise at least US$1. 1 billion in high yield securities to fund the purchase of the third largest cable television operator in Taiwan.
Berkshire Hathaway Divests Moody's Shares
Berkshire Hathaway sells off around 1.75 million Moody's shares. Berkshire Hathaway Inc announced that it had sold off 6. 1% of its stake in Moody's Corp.
Latest News
ING priced IPO below price range set but sold more shares at offer. The American subsidiary of Dutch Financial Services firm ING Group had priced its initial public offering at US$19.
In an all stock deal, Kinder Morgan Energy purchases Copano. The role shale oil production in the United States continues to drive the growth of the energy sector.
3D Systems acquires RPDG for an undisclosed sum. 3D Systems, in a bid to expand its capacity to manufacture parts on demand, has acquired Rapid Product Development Group.
Goldman Sachs acquires Ebix, the insurance software provider for US$20 per share. Ebix, the insurance software provider based out of Atlanta, GA has accepted to a US$20 per share buyout offer from Goldman Sachs.
Dreamworks purchases AwesomenessTV for at least US$150 million. In a move to secure an online platform for its family oriented movies, DreamWorks Animation SKG has entered into an agreement to purchase the YouTube network AwesomenessTV.
Leap2 to introduce new search platform for IOS and Android systems. Leap2 obtained a US$1. 6 million financial infusion from corporate investors and individuals headed by Dundee Venture Capital.
Globespan Capital Partners leads Series C Financing round for VNTurbo. The leading provider of software-defined control programs for cloud and virtualized environments, VNTurbo disclosed in an announcement today that Globalspan Capital lead its Series C financial infusion round.
Texas Instruments sells debt bonds at 0.45% coupon in a two part offer to amount to US$1 billion. Texas Instruments is one of the companies that have sold a three year debt note with a record low 0.
Panoramic Growth Equity invests in Andante Travels. Panoramic Growth Equity, one of the leading equity investors in entrepreneurial companies, had announced its GBP1.
