OAO Sberbank, under the leadership of CEO Herman Gref, had undergone layoffs as well as transitions to become one of the top banks in Europe, with interests in Eastern Europe and Turkey.
Finance/Venture
Arbitrator orders Starbucks to pay up
In finding the termination of the agreement was improperly made, an arbitrator ruled that Starbucks is liable to pay a total of USD2.76 million to Mondelez-Kraft for violating the terms of its contract.
Payment startup Bill.com scoops up USD38 million in funding round
California-based bills payment and invoicing startup Bill.com picked up USD38 million in a new financing round led by Scale Venture partners and other former investors.
TPG shuffles top Asia management, Dattels becomes co-head
TPG Capital senior partner Tim Dattels, a former Goldman Sachs banker, is moving back to Asia to be co-head of the global private equity firm's regional operations, as current Asia head Stephen Peel steps away from day-to-day management.
Tech venture firms FirstMark Capital and Atomico raises new funds
Venture capital firms FirstMark Capital and Atomico raised USD225 million and USD476.6 million respectively. Said firms have been known for investments in early stage technology companies.
Latest News
CBRE GROUP SAYS PURCHASE PRICE IS PAYABLE IN CASH, EXCEPT FOR ABOUT $9 MLN PAYABLE IN CBRE COMMON STOCK TO NORLAND SENIOR MANAGEMENT
IntercontinentalExchange Inc's takeover of NYSE Euronext is complete and stock of the combined company will begin trading under the symbol ICE on Wednesday, said the head of ICE, an exchange and clearing house operator.
The Carlyle Group announced the closure of the latest collateralized loan obligation, which is the company's way of investing into the market through global market strategies and solutions, real assets and corporate private equity.
Cisco is expected to report higher quarterly profit for its fiscal first quarter of 2014. The report may uncover any evidence of sales pressure from the U.S. federal government shutdown and weakness in China.
itBit is a digital currency exchange that provides the latest platform for Bitcoind trading in differing currencies such as the US Dollar, Singaporean Dollars and in Euros.
The following bids, mergers, acquisitions and disposals were reported on Tuesday. Top Russian oil firm Rosneft said it would sell about $6 billion worth of refined products to BP, establishing the British major among its biggest buyers after years without any such deal.
Project A's Managing Director joins the board of Tictail for strategic and operational cooperation, whose membership includes experts in the social media and ecommerce platform.
Bradley Nii was introduced by Monroe Capital LLC as its new Managing Director for its Los Angeles office as well as its new Group Head for the Southern California region.
Majid Al Futtaim Holding LLC announced that it will be acquiring a Jourdan branch of the Middle East supermarket chain Spinneys. This year, the company also acquired a minority stake in Majid Al Futtaim Hypermarkets LLC.
