The increase in the required pension fees for CalPERS is a good move according to Moody's Investor Services.
Firm Management
Continental Grain Co Criticizes Smithfield Foods Reply
Continental Grain Co has criticized the continuous reply of Smithfield Foods. One of the biggest shareholders in Smithfield Foods Inc, Continental Grain Co has urged the meat company to add three new directors to its existing board.
Infosys Openness Causing Dislocation
Infosys, the paragon of market guidance, has now experienced the shock of falling share values because of failed earnings expectations.
Silicon Valley Venture Capitalist Confidence Index Rising
The Silicon Valley Venture Capitalist Confidence Index rose from 2012, indicating improved market opportunities for the year.
Sechin Changes Tact with Rosneft
Rosneft CEO Sechin changes tact with Rosneft minority shareholders. The head of Russian top oil producer Rosneft, Igor Sechin announced last Tuesday he is reiterating his cooperation with the minority shareholders of TNK-BP Holding.
Latest News
Michael Weiss, who quit Morgan Stanley in early April, moves to the Chinese equity firm Sailing Capital Management.
Finnair, in a bid to raise cash, sells off Norwegian Air Shuttle shares. Finnair, the official air carrier of Finland, has sold off its 4. 7% shareholdings in Norwegian Air Shuttle in the amount of Eur53 million.
HSBC is reviewing presence in Iraq and expanding in Egypt. HSBC Holdings is currently undertaking its strategic review of operations in Iraq. At the same time, it is continuing to expand its investments in Egypt despite the current situation in the country.
Dubai International Capital LLC has hired former executives from Deloitte and Touche LLP. Dubai International Capital LLC has hired five executives coming from Deloitte & Touche LLP with the aim to increase the value of its investments in companies such as Mauser AG and Doncasters Group Ltd.
Saban Capital Group opens its Saban Capital Group Asia subsidiary. In an announcement, leading global media and communications investment firm Saban Capital Group disclosed that its fully owned subsidiary Saban Capital Group (Asia) Pte Ltd.
UBS banker, also a vice chairman at UBS is leaving for Blackstone Group. According to two anonymous sources familiar with the move, the global head of industrial investment banking of UBS has resigned from the bank to join the advisory business of The Blackstone Group.
DN Capital welcomes to the fold Imran Akram who would focus on finding equity deals in the digital media and software niche market.
Riding high on the UBS backlash, Actelion investors reject plan for executive compensation during shareholder meeting.
One of the biggest shareholders in Sprint-Nextel favors the bid of Dish Network over Softbank of Japan.
