If the US fails to pass legislation to increase the debt limit, then the global economic system would be tremendously affected.
Corporations
Saudi Arabia joins shale gas economy
By utilizing shale gas reserves in the country, Saudi Arabia can use the now popular energy resource for local purposes and use its oil for exclusively for export purposes.
LongVue Capital invests in MRO firm
Maintenance, repair and overhaul firm Ascent Aviation Services Corporation receives capital infusion from private equity firm LongVue Capital.
KKR acquires Mitchell Int'l from Aurora Capital
KKR purchases Mitchell International from Aurora Capital for an undisclosed amount. Aurora Capital is a private equity firm managing over USD2 billion of assets based out of Los Angeles.
GSW recommends Deutsche Wohnen bid to shareholders
Shareholders of GSW are being convinced to accept the Deutsche Wohnen offered bid. In a letter to its clients, GSW immobilien AG had recommended the acceptance of the EUR1.
Latest News
Frontier Beverage Company Inc announced today that it had completed its acquisition of holding company 22 Social Club Productions Inc and its subsidiaries Blue 22 Entertainment and AppQwest LLC
Investors might not had been receptive of Facebook Inc's acquisition of Israeli mobile data analytics firm Onavo as stocks of the social media fell 1.5% in pre-market trading today.
Sources told Bloomberg that Telefonica was preparing to sell the 69% stake it holds in Telefonica Czech Republic.
Baird Capital's portfolio firm MedPlast had bought Orthoplastics together with co-investors JZ Capital Partners and River Cities Capital Funds.
New York-based 21st Century Fox signed a deal to air German soccer to viewers in 80 countries around the world.
The lenders fighting over the titles owned by the Deccan Chronicle would be in dispute. The creditors of Deccan Chronicle Holdings unable to recover dues worth more than INR5,000 crore because of a dispute over the publishing titles.
Naveen Jindal is the latest personality included in the ownership dispute of Positiv TV. Congress Member of Parliament and Industrialist Naveen Jindal was recently included in an ownership dispute between the shareholders of Positiv TV.
Analysts surveyed by Bloomberg said Clariant would gain CHF 320 million once it would divest its leather and detergent businesses.
GS Caltex of South Korea had cancelled a Brazilian refiner plan over profitability uncertainties, said a Reuters report.
