Keith Rabois quits Square and joins Khosla Ventures. One of Silicon Valley's most well-known and most decorated executives and angel investor has resigned as Chief Operating Officer of Square.
Finance/Venture
Spain's Bankia Weighs Possible Shareholder Loss After European Aid
Bankia, the nationalized lender in Spain, is determining how much would its shareholders loss when it receives aid from the European Commission to assist troubled banks.
Man Group Future Depends on Fund
Man Group revamp seen to buoy Fund recovery. Man Group is depending its future on its fund manager AHL as it reports its current status as the leadership of new CEO Emmanuel Roman begins.
Standard Chartered to Acquire Morgan Stanley's Wealth Management Unit
Standard Chartered has been planning to buy the wealth management unit of Morgan Stanley in India. Standard Chartered Plc has been in negotiation to purchase the Indian private wealth management of Morgan Stanley, according to two sources close to the matter.
Lloyds Deal Face Threat
Lloyds deal to sell branches may not push through due to capital deficit with Co-op. The deal that would allow Co-operative Bank to purchase more than 600 branches of the Lloyds Banking Group is under grave threat not to push through.
Latest News
Commonwealth REIT stock offer opposed making share prices soar. (Photo : faqs. org) In its biggest gain in more than four years, Commonwealth REIT share prices increased after Related Cos and Keith Meister challenged the plan set by the company of selling shares.
Oaktre pays GBP165 million for Countryside. Oaktree Capital Management LLC, the world's largest distressed debt investor, has purchased Countryside Properties Plc through debt provided by former owner Lloyds Banking Group.
Keith Rabois, who had served Square as chief operation officer since 2010, will join Khosla Ventures in March.
New job cuts in the offing for JP Morgan Chase. JP Morgan Chase has announced that it would be undertaking another round of layoffs, numbering between 3,000 to 4,000 employees in its consumer bank operations by 2013.
Carlyle expects interest from its larger rivals in the industry for its defense firm Arinc Inc. Private equity company Carlyle Group LP has been in preparation for the sale of aerospace and defense firm Arinc Inc.
Assisted Living Concepts reached agreement to be sold to private investment firm TPG for about $278 million.
The investment arm of Tower Ltd. was purchased by fund manager Fisher Funds for NZ$79 million. New Zealand's insurance firm Tower Ltd. said its investment arm was sold to fund manager Fisher Funds in a NZ$79 million deal as it nails down its business focus, the company announced.
The following bids, mergers, acquisitions and disposals were reported on Tuesday. The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday: - Polish state-owned utilities PGE and Energa agreed to buy Iberdrola's 75 percent stake in Renewables Polska for 840 million zlotys ($268 million), PGE said on Tuesday.
Wells Fargo takes hit on Heinz purchase. According to Moody's Investors Service Inc, Wells Fargo's credit profile took a hit for itsparticipation in the financing of the HJ Heinz Co purchase.
