Citigroup Inc. had hired Leopoldo Attolico and Pierpaolo di Stefano to run its investment banking operations in Italy, said a Bloomberg report.
Investors
ETFs rather wait before jumping into IPO - report
A report by Reuters said the managers at exchange-traded funds (ETFs) employed a passive approach on stocks traded after its debut on the bourse.
India's shrinking market and declining rupee affecting FMCG market
For the third straight quarter, India's consumer goods market had declined and this was attributed to a larger number of market players and declining consumer spending ability.
USDA to shut down Foster Farms unless company has plan for salmonella outbreak
USDA said it would shut down Foster Farms unless the company would address the salmonella outbreak by Thursday.
Twiter IPO set to launch on November 15 - report
An S-1 document filing by Twitter Inc revealed that the date of its initial public offering would be on November 15.
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BlackBerry, a Canada based struggling smartphone manufacturer, had been more open to a company breakup amid concerns that its biggest shareholder Fairfax Financial Holdings Ltd would not be able to find funds or partners for a proposed USD4.7 billion buyout deal.
Indian Oil Corporation remained to be the sole bidder for the 31% stake of Haldia Petrochemicals, said The Economic Times report.
US President Barack Obama directed government lawyers to find an immediate way to resume payments for the families of killed soldiers in Afghanistan, said a Reuters report.
The privatization deal for Royal Mail had received a government estimated number of more than 700,000 applications for the company's shares, said a Reuters report.
Barclays Plc promoted investment banker John Miller as head of banking for the Americas division of the bank, according to an internal memo seen by Reuters.
KKR & Co LP, a US private equity fund, had acquired a substantial minority stake in Weststar Aviation valued USD200 billion, said a Reuters report.
Men's Wearhouse had rejected the takeover offer of Jos. A. Bank valued at USD2.3 billion in cash as the company deemed the bid to be inadequate, said a Reuters report.
After a Moody's advisory, Winsway was able to leverage a buyback of its bonds at a third of its original value.
For the price of USD1.6 million, Lionbridge Technologies gains a foothold in the Chinese market as well as expand its revenue clientele through the acquisition of E5 Systems.
