Morgan Stanley, in the wake of outrage from bailouts in the last crisis, is seeking investments that provide long term social benefits for the community.
Investors
CSC inks definitive agreement to buy ServiceMesh
CSC agreed to buy Ignition Partners-backed enterprise cloud management company ServiceMesh. Next-generation information technology services and solutions leader CSC, originally called Computer Sciences Corporation, said it had agreed to purchase ServiceMesh.
Yucaipa Cos gives USD 261 million offer for Morgans Hotel Group Co
A regulatory filing showed that Yucaipa Cos has given a USD 261 million or USD 8 per share offer for Morgans Hotel Group Co.
China’s Qunar share price doubled on first day of trade
Qunar, China’s travel booking service, raised USD167 million in initial private offering on its first day of trade.
NEWSCYCLE Solutions acquires Atex Inc from Atex Group for undisclosed amount
NEWSCYCLE Solutions announced that it had bought the Atex AdBase advertising systems business from the Atex Group.
Latest News
ING Group announced its exit from its EUR24 billion or USD33 billion mortgage securities portfolio. Dutch financial services firm ING Group announced on Friday that would it be exiting from a series of US mortgage-backed securities.
Royal Bank of Scotland revealed its company strategies on Friday to return over GBP45 billion it received from the British government as bailout money.
New investor Sequoia Capital and other existing investors had backed Berlin-based 6Wunderkinder's USD30 million Series B funding round.
Industry analysts said that AT&T's consideration on acquiring a European asset like Vodafone Group was the next logical step for the US mobile operator.
French food group Danone and Russian firm Damate had yet to agree on the size of the investments to be made for the construction of new dairy farms to direct supply Danone's dairy factories.
The US Federal Trade Commission (FTC) had given its approval for the planned consolidation of office supply retailers and rivals Office Depot Inc and OfficeMax Inc.
Circle Internet Financial's USD9 million Series A investment would be the biggest funding received by a digital currency startup.
Multicategory retailer Nomorerack's Series B investment round was led by Oak Investment Partners and HTV Industries.
A Reuters report cited two sources who said that hotel operator Hilton Worldwide Inc would be launching its IPO sometime the first week of December.
