Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup. Former board member Bill Ackman is officially through with the retailer.
Firm Management
Renault COO to step down
Renault SA COO Carlos Tavares would step down after publicly revealing desire to run General Motors Co or Ford Motor Co.
Vivendi wants to close sale of Maroc Telecom unit this year
Vivendi CFO said the company still plans to complete the sale of its Moroccan unit this year. French multinational mass media and telecommunications company Vivendi said that it is still aiming for the sale of Maroc Telecom by the end of 2012.
Google executive departs, moves to Xiaomi
Android vice-president Hugo Barra left Google amid marriage troubles between Sergey Brin and Anne Wojcicki.
US government, UA and AA open to settlement of fight over merger
A document released on Wednesday discussed that the US Justice Department was open to settle the antitrust lawsuit it filed against US Airways(UA) and American Airlines (AA).
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Capital One hires former bankers to spearhead the credit card company's expansion into the energy business.
Blackstone finalized a settlement with its investors over alleged misrepresentations during its IPO.
Global firms had eyed on agrochemical manufacturers as agrochemical patents in India would expire by 2020.
Wayra, Telefonica's start-up accelerator announced its second global "Demo Day" scheduled on November 14, 2013.
Florian Rentsch, Hesse economy minister, is the first politician to confirm that the sale of Commerzbank is an option considered by the German government.
Credorax receives USD40 million equity investment for its expansion Online retailer acquirer and Payment Service Providers, Credorax, announced a USD40 million growth equity investment which would be used to support continued expansion of its platform.
Despite being next in line as chief executive of Infosys Ltd, Ashok Vemuri resigned from the company's board.
Daniel Janes stepped down as co-head of investment banking for Barclays PLC to "pursue new challenges," according to an internal memo held by Reuters.
Three Suntech Power Holdings Co Ltd directors resigned amid the company's struggling financial difficulties.
