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.
Sectors
MCW Group of Companies Adds British Columbia's Perez Engineering to its MCW Consultants Ltd.
MCW Group acquires Perez Engineering in line with help grow customer base in key markets The MCW Group of Cos. said that Canadian Perez Engineering Ltd.
SAP AG to Acquire Leading Optimization Software Provider SmartOps
SAP paves way to develop real-time supply chain software solutions as it plans to merge with SmartOps
LivingSocial Courts Biggest Investors to Invest Another $110 Million
LivingSocial is convincing its investors to make another huge investment for the company as it suffers from sluggish daily deal activities.
Office Depot, OfficeMax to Name Co-Chief Executive Officers After Merger
Both Office Depot and OfficeMax have announced that they will appoint co-ceos after they complete their acquisition deal worth $976 million.
Latest News
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.
Bond investors seek new options during leveraged buyouts. The increasing number of large leveraged buyouts or LBOs is making many investment-grade debt investors nervous, calling out the US government to institute more protection be given them in light of current developments.
KKR has offered $3.7 billion for industrial machinery maker. Top shareholders of Gardner Denver Inc. are scheduled to meet discusses $3. 7 billion offer from private equity firm KKR & Co.
Grupo Gigante offers to purchase other half of Office Depot Mexico. Grupo Gigante, the Mexican retail giant had formally sent an offer of 8. 78 billion pesos or US$687.
Turkish Prime Minister pulls plug on highway privatization deal. In a news conference, the Turkish Minister of Finance Mehmet Simsek announced that the government is cancelling the US$5.
Banks are now cleaning the vestiges of the 2008 market crash by dumping CDS instruments. In a house-cleaning move, several major banking institutions are trying to rid itself of the credit portfolios that had been the major cause of the 2008 global financial crisis.
