Guy Carpenter said the global pension fund industry has invested USD 10 billion worth of funds in insurance.
Deals
Payfone scores USD 10 million from Early Warning Services
Payfone was able to gather a USD 10 million investment from Early Warning Services. Payfone Inc said it was able to raise USD 10 million from Early Warning Services.
Blackstone president won't leave Blackstone despite third share sale
Blackstone Group President Tony James said he won't leave Blackstone despite share sale. Blackstone President Tony James said he was not looking for a career outside of the private equity industry.
NTT Communications to purchase Virtela Technology for USD 512 million- source
A source told Bloomberg that Virtela Technology Services would be bought by NTT Communications Corp for USD 512 million.
GM denies problems with SAIC Motor Corp partnership
General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.
Latest News
Nexon Co would be doing more deals to enhance market share and increase revenues in North America. Japanese online games maker Nexon Co said it would be looking more deals to increase its revenues in the US.
Livonia Partners would be investing in three Baltic economies with a private equity fund valued at USD 117 million.
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment. Equifax Credit Information Services, the India-based credit information bureau, announced that State Bank of India would be making an investment in the company.
If the new airline becomes profitable, expansion through acquisition of other airlines in the European countries would be next on the agenda for Air Serbia, according to Deputy Prime Minister Aleksandar Vucic.
Despite saying the deal is finalized, a Dongfeng executive said it may take a bit more time before its completion.
In nixing the deal to allow the exit of Marathon Oil, a below market offer would be made shortly by the Libya owned NOC for the shareholdings.
In order to avoid the fiasco of Facebook on the NASDAQ, the NYSE ran simulated IPO tests to iron out glitches and kinks in its systems.
In a recommendatory report, Rothschild said it would be best to have the bank's bad debts placed in an internal bad bank instead of breaking up the bank.
Blackstone Group LP President Tony James sold 3.25 million shares managed through a firm controlled by his family.
