SAC Capital Advisors, led by billionaire Steve A. Cohen, had been in discussion with potential buyers to sell its reinsurance business, according to sources.
Corporations
Severstal halts steel deals lookout, will focus on US growth - CEO
Severstal North America chief executive Saikat Dey told reporters in a conference call that the US arm of Russia's second largest steel producer would be focusing on getting the best returns for the company.
Travellers International slashes IPO price by almost half
Travellers International Hotel Group would be reducing the price of its IPO from PHP 23.38 per share to PHP 11.88.
Carpetright CEO Shapland quits
Carpetright's Chief Executive Officer Darren Shapland has left his post. Carpetright Chief Executive Officer Darren Shapland had quit his post as the UK retailer's sales continued to deteriorate.
American Pacific considers sale, in advanced talks with bidders- sources
American Pacific Corp had been considering to put itself on sale, according to three sources familiar with the matter.
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Co-founding chairman Bill Gates and CEO Steve Ballmer had sought for re-election in Microsoft's board of directors, said a Reuters report.
Oracle Corp Chief Executive Officer Larry Ellison had agreed to give up a possible payout. Larry Ellison, Oracle Corp's CEO, had agreed to give up potential payout valued approximately USD500 million.
Potbelly gained USD105 million in its IPO, which would be used for dividend and debt payouts. Potbelly Corp, the company that sells made to order toasted sandwiches, had raised nearly USD105 million in its IPO in the United States.
Ascent's solar powered chargers for iPhones and Galaxy 4 would now be available in Wal-Mart stores after an agreement was signed between the two companies.
Danone had forwarded a claim worth EUR200 million against Fonterra for its false contamination scare of its milk products.
As share values jumped, the bigger issues for the Applied Materials-Tokyo Electron merger would be the regulatory approvals from three countries and the length of time for those approvals to be obtained.
The stockholders of Maidenform Brands Inc. had voted in favor a previously announced merger agreement with Hanesbrands Inc. today.
People who had been using Instagram would start to see advertising in their photo sharing feeds in the next couple of months.
Twitter disclosed its financial information to potential investors after filing its IPO documents, said a Reuters report.
