American Airlines Inc was slapped with another lawsuit claiming its merger with US Airways Inc would break antitrust laws, putting another roadblock on its exit from bankruptcy.
Sectors
Women directors are better at mergers and acquisitions -study
A study conducted by researchers at the University of British Columbia's Sauder School of Business showed that the more women are on a company's corporate board, the lesser the chance the company would be entering into risky deals.
Malaysian 7-Eleven convenience stores operator defers IPO
Malaysia's Seven Convenience Bhd. has postponed its planned initial public offering until March next year. The 7-Eleven convenience store chain, which filed for an IPO in September, is expected to sell 530.3 million shares in Bursa Malaysia.
Muddy Waters call boost investor confidence in Chinese IPOs - analyst
Despite receiving backlash from short sellers who claimed that they misstate their assets, there is no stopping to Chinese companies who pursued initial public offerings in the US.
Investor newsletter reveals Dalton Greater China Fund outperforms peers with 25% return
James Rosenwald III's Dalton Greater China Fund has outperformed peers with a 25% return this year. This was according to an investor newsletter seen by Bloomberg.
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Veenome Inc, an Arlington, VA-based platform that translates video into data, has announced that it had secured USD 1 million in funding. The funding will be used to expand their team, which has been lean so far and at the same time, will be used to expand its business.
The Ethiopian government's program to lease farmland to private investors to grow food has experienced several setbacks, a report from Bloomberg said. The program was started in 2008.
Chris Robert's personal computer (PC) game, Star Citizen, topped its USD29 million stretch goal for additional funding for Squadron 42, a single-player campaign that can be played offline.
Chinese coal port operator Qinhuangdao Port Co. is seeking to raise up to USD717 million in a Hong Kong listing. The firm will be putting up for sale 829.9 million shares at HKD5.25 to HKD6.70 apiece.
Australia-based mining logistics firm BIS Industries is buying industrial transport company Powertrans for USD30 million in a debt-funded transaction which will be finalized in January.
Citing a draft of the fund, a report from Bloomberg said the planned Sovereign Wealth of Zimbabwe may obtain a portion of the country's share of mining revenues.
Seedrs, a British crowdsourcing platform which offers equity to investors, instead of perks, claims to be the first of its kind to operate across Europe. It has an instant advantage since cross-border crowdfunding is better in some EU countries due to higher limits in funding.
American private equity firm Carlyle Group LP is considering to sell its 67% stake in Eastern Broadcasting Co. for up to USD700 million. Carlyle built a majority holding in the Taiwanese broadcaster after acquiring its parent company for USD1.5 billion.
Charter Hall Retail REIT completed a fully underwritten USD80 million institutional placement for the partial funding of its Rosebud Plaza acquisition, according to the company's statement to the Australian Securities Exchange.
