Finland rolled out a EUR 9 billion plan enough to pay for welfare expenses of its aging population. The government of Finland agreed on a plan to ensure that it would have money to pay welfare costs for its fast-growing elderly population.
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T. Rowe Price bans American Airlines employees from trading funds in retirement plans
T. Rowe Price banned some American Airline employees from trading the funds in their 401k plans because of collective trading.
Govt. official says Walmart India plans possibly at final stage
According to a top Indian government official, Walmart's plans of getting into the country's multi-brand segment could be at its final stage.
Perry Corp. increases shares in J.C. Penney
Richard Perry's fund, Perry Corp. had increased its holdings in JC Penney Corp. by adding 3 million shares in the stake it already owns in the retailer.
Sinopec to purchase Apache Egypt assets for USD3.1 billion
China Petrochemical Corp.'s unit, Sinopec International Petroleum Exploration & Production Corp. had agreed to pay USD3.1 billion for Apache's Egyptian oil and gas businesses.
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Malaysian palm oil producer Sime Darby said the sale of its healthcare unit boosted fourth quarter profits.
Pure Storage was able to raise USD150 million in its latest funding round for its operational expansion in the data storage market.
Carl Icahn, the activist investor known to take major seats in companies and push for management change, had announced raising his stake in Nuance Communications Inc.
Foursquare started discussions with multiple large technology companies about a possible strategic investment.
For a Round-A venture capital investment, Vodafone Ventures Egypt would be taking a 22.22% stake in online pharmacy Agzakhana.com.
California-based Retention Science got more than USD 750,000 from Forerunner Ventures, an early-stage venture capital firm.
Women's boutique retailer Francesca's Holdings Corp. has ousted Lululemon as the most attractive company to date to land private equity bids.
Geneva-based biopharmaceutical company ObsEva announced that it was able to raise CHF 32 million for its Series A round.
Carrefour posted improved profits in the first half of 2013 despite discontinuing a number of operations.
