The EU seeks to follow US model in job creation. European Union officials are seeking to change the deep stagnation of its present economy. They are looking into adapting one component of the U.
Europe
PWC to pay Lehman Brothers European creditors
Lehman bankruptcy administrators PWC announced payment of dividends to European creditors. US investment bank Lehman Brother's investors in its European unit would be repaid in full according to the firm's administrators.
RCS MedigGroup offers recovery plan
The Italian publisher RCS MediaGroup has agreed to a recovery plan. The RCS MediaGroup Board of Directors have approved the terms of a capitalization round and a debt refinancing plan required for its rehabilitation.
Deals of The Day — Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported by Sunday The following bids, mergers, acquisitions and disposals were reported by Sunday: - German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.
Google Commits Changes to Settle EU Probe - Source
Google Inc. has reportedly offered a final package of commitments that include some changes in its operations in a bid to settle a European Union antitrust investigation on alleged discrimination against its competitors, according to a source.
Latest News
A report from the Financial Times said that the RBS lost its case against the hedge fund Highland. The Financial Times in London reported that the Royal Bank of Scotland Group Plc lost its high-profile legal dispute against the U.
Russia bans US officials and other Americans as a response to the ban made by US officials in related to the Magnitsky incident.
In a move to bolster investment banking projects, Deutsche Bank removes three supervisory board members and replaces them with known advocates of investment banking.
Due to a planned maintenance check and low levels, the Troll Gas Field distribution plant at Kollsnes was shut down.
Andrea Ragnetti may have to leave Ducati as CEO when asked to become Alitalia's new CEO. The chief executive officer of renowned Italian motorcycle builder Ducati, Gabriele Del Torchio is the top choice to take over the helm of ailing airline Alitalia.
The hedge fund Barington urges cutting of costs and expansion of board of directors for the Jones Group.
Salini wins approval of the increase of its shareholdings in Impregilo. Salini, the family owned construction firm from Italy, has increased its shareholdings in its chief competitor Impregilo.
WorldPay was able to raise US$1.08 billion loan equivalent for dividend and debt payment purposes. WorldPay, the payment processing company from Great Britain, has announced the success in its raising of a GBP700 million or US$1.
Distressed debt investors are looking into German property company IVG Immobilien as some lenders try to minimize potential heavy losses due to the property company's debt restructuring.
