A report on the Financial Times recounted the similarities of the rise, and possible downfall of the popular Bitcoin to early virtual currency favorite e-gold.
Sectors
Europe's biggest activist investor sees burst of M&A deals in 2014
Christer Gardell, who co-founded Europe's biggest activist investor Cevian Capital, expects a burst of activity in mergers and acquisitions next year as corporate confidence returns.
IBM tracking thanksgiving holiday sales in real time
Here are the online shopping trends for Thursday, November 28 at 12:00 p.m. EST, from the IBM Digital Analytics Benchmark. Our next update will follow today at 3 p.m. EST.
Versace may get new investor for Christmas, IPO to happen in future
On Thursday, Versace company president and former chief executive officer Santo Versace said there is a possibility of the Italian house to have a buyer of its 20% ownership stake by Christmas. Versace also revealed potential plans for an IPO in the future.
Alitalia raises EUR173 million in cash call, to receive the rest from postal service, others
Italian airline Alitalia said on Thursday that it was able to raise EUR173 million of EUR300 million it needed in its cash call from investors with help from Intesa Sanpaolo and UniCredit.
Latest News
The partnership of US software company and QuickBooks maker Intuit's partnership with banks Capital One and Wells Fargo for a loan facilitator program was a clear indication of companies turning into cloud computing and data analytics to improve their services, said an article published on the Financial Times.
UK Crowdfunding Association (UKCFA) Chair Julia Groves called out Christine Farnish of the Peer-to-Peer Finance Association regarding the latter's insistence that the Financial Conduct Authority's (FCA) definition of online crowdfunding was misleading.
Shore Capital Partners Managing Partner Justin Ishbia disclosed to Reuters' Private Equity (PE) Hub its plans to launch and institution-focused private equity fund next year.
The Corporate Advisory Group of Swiss lender UBS, said three unnamed sources, will be scaling back its team in charge of providing corporate advisory and investment banking services to the ultra-rich in emerging markets including Asia and the Middle East.
Private equity firms T. Rowe Price Group Inc, Magnetar Capital LLC and over 100 shareholders of Dell Inc invoked their rights for an appraisal of their collective 2.7% interest in the company through the Delaware court system in contest of the USD24.9 billion buyout of Dell.
Canada Pension Plan Investment Board and Shapoorji Pallonji Group today announced the formation of a strategic alliance to acquire FDI-compliant, stabilized office buildings in the major metropolitan areas of India.
According to sources who were familiar with the deliberations, Telecom Italia SpA obtained the services of Morgan Stanley to decide on the telecommunications company's divestment of its 7,000 tower lot in Brazil.
The European Bank for Reconstruction and Development latest EUR20 million capital infusion into the Baltic region through BaltCap Private Equity Fund II, L.P. aimed to help small and medium-sized businesses and small mid-cap firms with much-needed long-term financing.
BitPesa Chief Executive Officer Elizabeth Rossiello claimed that the startup will reduce money remittances transaction costs and its turnaround time, which will challenge major players Western Union and MoneyGram International Inc.
