A spokeswoman for activist hedge fund Cevian said the fund had increased its holdings from less than 3% to 5.2% in German multinational conglomerate corporation ThyssenKrupp.
Investors
Newmont Mining eyes more gold or copper mine purchases
Newmont Mining Corp CEO Gary Goldberg said they were looking at potential mine acquisitions as the value of gold fell.
Alibaba looks to NY listing after HK IPO talks fail with regulators - report
A Reuters report cited two company sources who said Alibaba Group Holding Ltd would be going for a New York listing as plans for a Hong Kong initial public offering failed.
New York Life acquires Dexia Asset Management
The largest US life insurer New York Life Insurance Co purchases Dexia Asset Management. The largest US life insurer owned by policyholders, New York Life Insurance Co had entered into an agreement to acquire a Dexia SA unit worth EUR380 million or USD512 million.
Alibaba buys Kanbox, China's Dropbox
Chinese e-commerce giant Alibaba Group recently acquired similar Dropbox service Kanbox for an undisclosed amount.
Latest News
Lufthansa Chief Executive Officer Christoph Franz said the European airline had left its door open for the possibility of forging a future alliance with Gulf airline companies.
The fleet of Noble Corp would be separated between shallow water and deep water drill rigging equipment.
After the loss of equity due to S&P edict, Danske Bank issues a new bond to replace its 2037 issued bond.
YPF enters into a shale gas project development agreement with Dow Chemical at the Vaca Muerta formation.
Megafon is discussing with small lending institutions as to the eventual integration of banking services with its telecommunications services.
Seth Klarman's Baupost Group, for only the second time, would return money to its clients. One of the largest hedge funds in the world, Seth Klarman's Baupost Group has nearly USD28 billion in its portfolio, had laid out plans to return money to its clients by the end of 2013.
Subject to board approval, all preparations are being done for the IPO of the Moroccan unit of the Abu Dhabi Energy Corp.
After making its IPO intentions public, the choice of the bourse to register takes centerstage for microblogging service Twitter.
Hersha Hospitality agreed to sell 16 of its properties to a Blackstone Group affiliate. An affiliate of the Blackstone Group LP had agreed to purchase 16 hotels from the Hersha Hospitality Trust for the amount of USD217 million.
