Facebook Inc. stock had reached another milestone following a rocky debut on Wall Street last year. On Wednesday, the shares of social media giant Facebook Inc.
Corporations
Sharp will raise USD1.7 billion to turn itself around - sources
Sources told Reuters that electronics maker Sharp Corp. would be raising USD1.7 billion to keep itself afloat until the end of the business year in March next year.
EU aims to restructure telecoms market
EU submits a list of proposals aimed to improve the EU telecommunications industry. In its newest attempt to overhaul the European Union's telecommunications industry, a proposal to place a price cap on cross border phone calls in Europe was made.
UltraTech to acquire JP’s Gujarat cement plants
UltraTech had agreed to buy Gujarat cement plants from Jaypee Cement Corp. valued at INR3.8 billion.
New board members appointed for Sirius XM
Former ESPN President and former Microsoft CEO are amongst the new appointees to the SiriusXM board of directors.
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In what was termed as ongoing succession planning, Agribusiness Cargill's CEO Gregory Page would be stepping down by December 1, 2013.
Telefonica is reviewing proposals to assist Telefonica Italia shareholders unload their shares, among other options as the company moves forward.
Veeva Systems Inc. announced filing a registration statement with the US Securities Exchange Commission for a proposed IPO.
Marwan Lahoud said that EADS is undertaking restructuring in order to become the leading company in the civil aerospace industry.
Daily Beast editor-in-chief Tina Brown announced that she would step down from her post and exit the company for a new venture.
Pandora Media announced that it has hired a new executive on board the company to help boost the company's ad sales and profit.
Newell Rubbermaid Inc. announced today it had closed the sale of its hardware businesses with gross proceeds valued USD214 million.
The Taizhou project, a petrochemical complex located in East China, had stalled because of the lack of a proper location.
KKR contemplating partnership with INCJ for the purchase of Panasonic's healthcare unit. Private equity firm KKR, according to sources with knowledge of the transaction, is contemplating if it would enter into a partnership agreement with state supported Innovation Network Corporation of Japan.
