SAP paves way to develop real-time supply chain software solutions as it plans to merge with SmartOps
Sectors
UPDATE: Heinz Buyout’s Hard Lessons
No one is safe without the numbers, message sent to industry by Heinz buyout. The buyout of H. J. Heinz by Warren Buffett's Berkshire Hathaway and others have placed many food executives of known brands properly warned that they either shape up or be shipped out.
Rosneft Plans Rival Takeover
Rosneft buys TNK-BP for over US$40 billion. If all goes according to plan, Rosneft would be taking over control over its major rival, TNK-BP. The two Russian oil companies would then complete the oil industry's biggest takeover in history, three months before the agreed upon deadline.
OGX Allays Petronas Bid Rumors
OGX denies Petronas shares sale OGX Petroleo e Gas SA, the Brazilian oil company, has allayed fears and rumors that it is selling its shareholdings in Petronas, the Malaysian state owned oil company.
Morgan Stanley Purchases Mall
Morgan Stanley purchases Russian Mall for US$1.2 billion. Morgan Stanley Real Estate Investing, the fund manager's property arm has recently purchased Metropolis Shopping Mall located in northwestern Moscow.
Latest News
LivingSocial is convincing its investors to make another huge investment for the company as it suffers from sluggish daily deal activities.
Both Office Depot and OfficeMax have announced that they will appoint co-ceos after they complete their acquisition deal worth $976 million.
MCW acquires Perez Engineering. In a statement, the MCW Group of Companies announced that it was introducing MCW Consultants Inc. The new firm would take the place of the former Perez Engineering Ltd, which was acquired by MCW.
Credit rally makes hedge fund managers nervous for 2013. Hedge fund managers are scampering for safety as a huge credit rally evaporates investor confidence in the market.
Vanguard CIO chooses new heads of key groups. The new head of Equity Index Group is Joseph Brennan and included in his job description is looking after more than eighty different international and US index funds as well as exchange traded funds amounting to about US$1 trillion in assets.
New York Times has announced that is subsidiary Boston Globe is being valued at more than $100 million.
Consumer industry's annual meeting tackles Warren Buffett-H.J. Heinz merger Consumer Analyst Group of New York-sponsored consumer industry annual conference in Florida highlighted the acquisition of H.
Ferrovial is now on a buying spree after five years of austerity to cut debt portfolio. Ferrovial, the Spanish infrastructure firm is on high gear for acquisitions in the market.
Insider trading on Heinz shares prior to sale investigated by SEC and FBI. In an unprecedented move, Swiss authorities have committed to assist in the ongoing US investigation on insider trading of H.
