Tele2 Russia and Rostelecom set to merge after an agreement was formalized to create the fourth largest mobile operator in Russia.
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Chesapeake cuts 10% of job
Under its new CEO Doug Lawler, Chesapeake Energy Corp had cut down around 1200 jobs to reduce company spending and lift profit.
Icahn to discuss asset sales with Talisman Energy management
After accumulating nearly 6% of total shares in Talisman Energy, Carl Icahn has prepared to provide direction as to sales of assets of the Canadian energy firm.
JPMorgan looks to cut lending to some businesses
JP Morgan Chase & Co, the biggest bank in the US, would cut lending to some businesses as risks confronted the bank's reputation, said a report from the Wall Street Journal.
Yum Brands Inc warns delay in sales recovery in China
KFC parent company Yum Brands Inc said that the delay in sales recovery in China would take longer than expected, said Reuters.
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Lululemon Athletica, a yogawear manufacturer, had been looking into expansion as it sees the overseas market to have a promising growth, said a Reuters report.
Francisco Partners, a private equity firm focused on technology, announced today a strategic investment in NexTech that would be subject to customary closing conditions.
Tata Power buys a wind farm while DLF Ltd divests one in differing transactions in Indian wind power generation business.
Venture funding amounting to USD1.5 million in venture funding was received by elevate DIGITAL for its expansion and development purposes.
The global satellite services would be expanded through the capital investment of I2BF Global Ventures in Dauria Aerospace.
S. Scott Parel was introduced as the newest member of Sidley Austin LLP and partner for global private equity and M&A.
Molecular Templates scored USD 8.5 million in its Series C round led by Excel Venture Management. Biopharmaceutical company Molecular Templates Inc closed its Series C financing with USD 8.
Two major names, R Stephen Hannahs and Two Sigma Private Investments, announce the formation of Wings Capital Partners.
Lime Rock closed its third fund with USD 750 million in capital commitments. Private equity company Lime Rock said it was able to close Lime Rock Resources III with capital commitments amounting to USD 750 million.
