Sectors

Acer CEO and Chairman J.T. Wang announced his resignation today amidst a better third quarter results report.

Sidley Austin LLC had announced Timothy Spangler joining the firm as its new partner for its Global Investment Funds unit.

The two banks for middle market advisory services have merged to provide a wider range of portfolio services to its clientele.

E-commerce company Linio's USD50 million new investment would go towards company expansion. According to a VentureBeat report, e-commerce company Linio received an additional USD50 million in investment.

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According to a source, Troy Carter apparently had been busy not managing Lady Gaga's music career, causing the music artist to sever ties with her long-term manager.

Etisalat and Vivendi formalize agreement as to the sale of Maroc shareholdings from Vivendi to Etisalat.

Online wedding registry website Zola received USD3.25 million in funding led by Thrive Capital, with participation from investors including Gilt Groupe founder Kevin Ryan.

Tilal Development would used the proceeds raised in the sukuk sale for the expansion of its flagship project in Muscat, Oman.

Renault SA, Nissan Motor Co and Mitsubishi Motors Corp expanded its existing joint venture to effective save production costs.

The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.

OpenText Corp, a Canadian business software maker, acquired cloud computing company GXS Group Inc to strengthen its holding in the enterprise software market.

With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.

American pharmaceutical company Endo Health Solutions Inc entered into a definitive agreement to acquire Paladin Labs Inc for USD1.6 billion.

Spanish telecommunications firm Telefonica said it had sold a 65.9% interest in its Czech unit to investment group PPF.