Industry

SandRidge Energy Inc. CEO Tom Ward was ousted from the company last Wednesday due to accusations of strategic mistakes and self-dealing at the expense of the company's shareholders.

Sheryl Sandberg, Chief Operating Officer for Facebook Inc. said that the company is in a better position after going public.

Baylor Health Care System and Scott & White Healthcare signed a definitive agreement today to boost the strengths of the two companies.

Merger between EpiCept and Immune Pharmaceuticals is subjected approval on August 6 during the yearly shareholder meeting of the company.

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After minority owner CVC launched sale for Belgium’s Bpost earlier this month, trading for new shares will take place on Friday after being listed on the Brussels Stock Exchange.

A planned merger between Ebix and an affiliate of Goldman Sachs was cancelled after investigation by US regulators.

A online WSJ report on Wednesday said that the early discussions between Microsoft and Nokia to purchase the latter's device unit have faltered with no chance of getting renewed.

According to sources, Icahn-backed Forest Laboratories is among mid-sized drug makers to eye for Elan.

Carl Icahn reiterated his interests in owning Dell and said that the US$5.2 billion refinancing from the investment bank is expected in the next couple of weeks.

Daniel Loeb, head of Third Point LLC proposed a partial spin off to Sony’s business unit to boost the struggling electronics division.

Stratasyst Ltd. will acquire consumer printer manufacturer, MakerBot in a deal valued around US$403 million.

The Belgian regulatory authorities have imposed fines on former CEOs and insurer of Fortis because of delayed information or incorrect information dissemination.

Many hedge fund managers fear extension of Eurozone debt crisis as well as local bank issues hovering over the financial markets.

A Braunschweig-based court issued its decision to take the Eur2 billion damages lawsuit against Porsche SE to a specialized court.