Firm Management
JC Penney shareholder sues retailer over share sale
A shareholder at JC Penney sued the struggling retailer over a surprised decision to sell 84 million common stock after assuring its investors that there would be no need to raise capital in the company.
Vapores finalizes loan package to expand fleet
A USD347 million loan package was finalized by Chilean shipping form Compania Sud Americana Vapores to purchase new ships.
Government shutdown may cause delay for mortgage closures
In a telephone interview, mortgage industry experts say that the shutdown would not only delay approvals but also put banks at risk as they work around the government's lack of services.
Harbinger share values rise amidst SEC settlement with its founder
Harbinger Group, Philip Falcone's investment firm, jumped in value as it sold off shares to a consortium headed by Leucadia National Corp.
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Empire State Realty Trust Inc. announced today pricing its initial public offering valued at USD13 per share piece.
Google modifies its search engines to accommodate competitors, as confirmed by EU Competition Commission and Google executives.
French bank BNP Paribas SA said through Japan head of global equities and commodity derivatives Kyoya Okazawa that it had completed its hiring plan to strengthen its equity desk two years ahead of its schedule.
Cooper Tire & Rubber Co shareholders voted in favor of the proposed merger with Apollo Tyres Ltd yesterday, according to a Bloomberg report.
Morgan Stanley and the Royal Bank of Canada were appointed to help SNC-Lavalin Group Inc. sell an equity stake in AltaLink, according to a Bloomberg report.
Mick Davis, a former executive in Xstrata Plc had raised USD1 billion from Noble Group and TPG, said a Bloomberg report.
According to a Bloomberg report, Brookfield Property intends to acquire the stake it doesn't own in Brookfield Office to consolidate both firms as one.
Compal Electronics announced a deal to buy its wireless device production division to reduce the company's spending cost.
Vodafone Group Plc would appoint Aldo Bisio to be the company's new chief executive for Vodafone's Italian unit.
Dish Network Corp and Walt Disney Co. had reached an extension agreement while both parties were still in discussions over a long term deal.