According to banking sources, the Financial Times said the IPO of UK's Royal Mail was underpriced.
Funding
Twitter's attrition rate is a challenge for investors
The high rate of non-use in Twitter is what may challenge investors in their decision come IPO time.
Eike's Rio de Janeiro had highs and lows with the billionaire
At his financial mightiest, Eike bankrolled social services in Rio de Janeiro. Investors that entrusted their money to Eike Bautista have lost most of their funds amounting to bilions as his business empire imploded.
Chipotle reports growth from past year
Chipotle Mexican Restaurant had attributed its growth in the S&P500 to internal improvements undertaken.
Alico heirs to sell off shares
Two agribusiness firms scramble to purchase shares in Florida citrus grower Alico. The heirs of Ben Hill Griffin Jr have sold off their shares in the market leading Florida based citrus company.
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Lia Forcina, Alidod Shirinbekov and John Levavasseur left SAC UK for greener pastures. SAC Capital Advisors LP's Lia Forcina had managed over USD700 million during her stint in the firm.
Bondholders were sought protected by Mario Draghi through the European Central Bank. The European Central Bank head Mario Draghi informed the European Commission last month requesting that bondholders be spared any losses in the event a bank rescue occurs until such time an EU banking union is put in place.
Fresh investments were promised by BP and Reliance Industries in oil and gas. The top executives of BP and Reliance Industries, CEO Bob Dudley and Chairman Mukesh Ambani respectively, jointly promised fresh investments worth up to USD10 billion in oil and gas.
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
The Canadian government, under the Investment Canada Act, has the right to review bids for Canadian flagship industries such as BlackBerry for national security issues.
Prime Ventures invests in mobile games platform AppLift. An additional investment of USD7 million from Prime Ventures was received by mobile games marketing platform AppLift.
Series A funding round for FIELDS raised USD5 million led by ClearVue Partners. The premier online grocery store in Shanghai, FIELDS, with its strong focus on safety, freshness and quality, announced a USD5 million Series A investment round.
Preferred Freezer Services, Sinotrans Ltd, Yang Ming Marine Transport Corp and Yida Group form joint venture.
Blackstone Group's Vivint Inc raised USD 540 million to build home power systems. Provo, Utah-based Vivint Inc received USD 540 million to construct home power systems.
