Third Point's Daniel Loeb said he held more than USD 1 billion stake in Softbank Corp while Greenlight Capital's David Einhorn warned of "bubble-like" conditions in some stocks in the Robin Hood Investors Conference.
Finance/Venture
Half of angel investors regret to making investments this year
A survey done by Worthworm showed the frustrations of angel investors who regretted making investments in 2013. Angel investors also gave their thoughts about overly optimistic financial projections.
China’s patent issuance to set Hong Kong as an intellectual property hub
With a high demand of patent agents and lawyers from mainland China, Hong Kong's quest to become the regional trading hub for intellectual property (IP), may soon be a reality as China remained the world's number one patent granter last year with 1.26 million approved applications.
Credit Agricole to reduce holding in Eurazeo
France's Credit Agricole said it will cut its holding in investment firm Eurazeo. The French bank will sell 3.2 million Eurazeo shares and zero-coupon convertibles equivalent to a maximun of 5.1 million shares.
Report projects flurry of mergers soon
A flush of mergers and acquisitions was expected to come in as early as the end of the year, according to a report from financial news magazine Barron's.
Latest News
A USD800 million settlement between feeder fund Kingate Management and bankruptcy trustee Irving Picard has collapsed. The Justice Department ruled out feeder funds from payouts out of the USD2.35 billion Madoff Victim Fund.
Judge Thomas Bennett of the US Bankruptcy Court in Birmingham, Alabama approved Jefferson County's debt restructuring plan to exit bankruptcy after a 14-hour hearing on Thursday, November 21.
A recent survey by analytics company Worthworm found that 46% of Angel investors regretted the investments they made in 2013 because of overly optimistic financial projection and unrealistic pre-money valuations.
Officials of Jefferson County in Alabama said it had arrived at a new agreement with its Wall Street creditors that would pave the way for its exit from its USD 4.2 billion bankruptcy.
Independent Bank Group, Inc., the holding company for Independent Bank, today announced that Independent Bank Group has entered into a definitive agreement to acquire BOH Holdings, Inc. and its subsidiary, Bank of Houston, Houston, Texas.
The following bids, mergers, acquisitions and disposals were reported on Thursday including Omnicom, General Motors, Deutsche Telekom, Devon Energy and others
SF-based mobile payment and carrier billing provider, Boku, acquires India's largest carrier Billing company, Quebecell. Providing them with a centralized hub in penetrating Middle East and Asian markets.
Blackstone Group LP said Thursday it had hired David Calhoun, chief executive of television ratings company Nielsen Holdings NV, to work with the bosses of the private equity firm's companies in order to deliver more value.
Italian bank UniCredit said on Thursday that it may consider selling its indirect stake in professional football team Associazione Sportiva (AS) Roma, although no decision had yet been made.
