BlackBerry is expected to face tough questions from investors during the annual shareholder meeting as the smartphone maker’s share went down by 28% last week.
Firm Management
Kenyan airline venture scores 7 year extension
A joint venture between Kenya Airways and KLM Royal Dutch Airline was granted 7 more years to operate.
Punjab looking for consultant
The Indian state of Punjab announced its open post for consultants. In accordance to a recent announcement by the Punjab government regarding industrial policy, new measures were being formalized to create land bank for the industry.
Firm ownership rules set by RBI
The Reserve Bank of India announced new guidelines regarding the 'ownership' and 'control' of FDIs in the country.
U.S. investment industry units fight over ethics, costs
US investment industry continued to resolve the problems on ethics and costs amidst controversies. An average of US$8 million would be spent by Wall Street's brokerages.
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Nokia's Standard & Poor's rating plummeted further in the junk territory. (Photo : reuters. com)Nokia, Finnish Telecom company SGV claims that Nokia is in no position to buy Siemens shares.
Dell and Silver Lake proclaimed that they would not budge from their original offer price of $13.65 a share offer because this figure is already fair and reasonable.
Dennis Wilson, the Chairman of Lululemon Athletic is planning to offer 3.4 million shares of the company, reducing his control over the yogawear retailer by 3% as a result.
Bell Media acquired Astral and appointed new top executives. Bell Media officially acquired Astral Media Inc. for Can$3. 2 billion. The acquisition included two over-the-air TV stations, 77 radio stations, eight pay and specialty TV services, and last but not least, the Astral's out-of-home division.
Loblaw, Canada's biggest food retailer raised about Can$400 million for its real estate investment trust in an initial public offering.
China appointed Ding Xuedong as the new head of the country's sovereign wealth fund. Ding Xuedong was appointed as head of China's sovereign wealth fund.
Billionaire Eike Batista halted operations in iron-ore mine Corumba to save his empire’s commodities.
Conergy filed for insolvency after failing to get a deal with an investor who would finance its debts and operations.
On Friday, Vivus Inc said that three of the nine people were recommended to the company’s board of directors by First Manhattan Co’s proxy advisory firm, ISS.
