AMR Corp, the parent of American Airlines, is nearing bankruptcy exit and with that, merger of the two air carriers is near.
Sectors
China Blesses Glencore-Xstrata Merger
China conditionally approves Glencore-Xstrata merger. The merger plan of Glencore and Xstrata cleared its final hurdle when the Ministry of Commerce of China backed the deal's completion.
Arcadia Shutting Down Dubai and Switzerland Operations
In a decision, Arcadia is shutting down operations in Dubai and Switzerland as well as a change in CEO.
China recommends investment in state social fund
Dai Xianglong of the National Social Security Fund recommends state controlled enterprises In a quote of the National Social Security Fund council's party secretary, he is proposing that Chinese state-owned enterprises transfer 30% of their capital gains and ownership shares exceeding 51% to the fund.
Agila Biotech and Pfenex Inc Enter Into A Joint Venture
Agila Biotech and Pfenex Inc enter into a joint venture for development of multiple sclerosis drug development.
Latest News
Wilmar pays out US$263 million for 54% controlling stake in Consumar. The largest sugar cane miller in Australia, Wilmar International Ltd has purchased 27.
Bain Capital LLC's Capital Fund XI is in the process of finalizing its subscriptions from investors.
The Mexican Federal Competition Commission has disallowed Pfizer from using Pfizer baby food brands for twenty years.
According to Dish CEO, the offer to purchase Sprint-Nextel is not contingent on the outcome of the Sprint-Clearwire negotiations.
Winter apparel maker Canada Goose seeking investors for expansion purposes. Canada Goose, the winter apparel maker, has engaged the services of investment bank Canaccord Genuity to assist in exploring options for the firm.
Hochtief AG is expecting to sell off its airport assets for Eur1.2 billion. ACS Global of Spain's subsidiary Hochtief AG has received offers for its airport unit according to a report Monday from Reuters.
In a statement, Canadian asset manager Gluskin Sheff + Associates have taken off the for sale sign for the meantime.
The fourth batch of BTP Italia Retail Bonds raised Eur9 billion and was ended two days ahead of schedule.
ABVCAP is discussing with government regulators on means to expand investment means for venture capital and private equities.
