Office Depot-Office Max merger to get FTC approval

There would be no obstacle to the USD976 million all-stick consolidation of Office Depot and Office Max Inc as according to unnamed sources in a Wall Street Journal report, the Federal Trade Commission would be approving the merger.


Nokia's cash deal paves way for Alcatel-Lucent buyout- report

A Bloomberg report revealed that Microsoft's acquisition of Nokia Oyj's handset business allowed the latter to purchase the wireless network equipment business of Alcatel-Lucent.

David Jones head leaves post after three years

Paul Zahra would be leaving his job as the CEO of department store chain David Jones Ltd. Chief Executive Officer Paul Zahra of David Jones Ltd would be quitting his job in Australia's second-biggest listed department store David Jones Ltd.

Merlin Entertainments plans GBP 200 million London IPO

Private equity-backed Merlin Entertainment Group would be conducting a share sale to raise GBP 200 million in London.


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Coal India's CEO S. Narsing Rao would try to convince brokerage firms to invest in the state run mining firm from India.
After infusing GBP107.8 million for store renovations, Qatar Holding would reopen Harrods store especially the iconic escalator.
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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.
The prospects of EZChip of Israel improved as Verizon announced its latest LTE programs. The second largest chipmaker in Israel, EZchip Semiconductor Ltd, jumped to its one month high on prospects that the company would benefit from the projected capital spending of Verizon Communications Inc.
Samsung is first in the smart watch race but Apple may win it all. Samsung had beaten Apple in the smart watch race. The main issue now is that the Galaxy Gear have been tepid at best.
Chipotle Mexican Restaurant had attributed its growth in the S&P500 to internal improvements undertaken.
Northern Beef Packers, which had filed Chapter 11 bankruptcy, sets USD12.75 million minimum bid for its assets.
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.