Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.
Investors
Former Amazon CFO Joy Covey dies in bicycling accident
Joy Covey, Amazon's former CFO, has passed away. The former Chief Financial Officer of Amazon was killed while riding her bicycle on Wednesday afternoon.
Venture capitalists remember Joy Covey
Venture capitalists mourned the death of colleague Joy Covey, first CFO of Amazon. Venture capitalists remember Joy Covey as woman who steered Amazon through its toddler years.
Department of Telecom near release of policy guidelines for industry mergers and acquisitions
The Indian telecom department is nearing the completion of the new policy guidelines to govern the mergers and acquisitions in the industry.
L'Oreal acquires Cheryl's Cosmeceuticals for an undisclosed amount
In its first acquisition in the country, L'Oreal recently announced the acquisition of Cheryl's Cosmeceuticals to enhance its product line.
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South African billionaire John Rupert bought Mystery for ZAR 40 million. A billionaire bought a bull for ZAR 40 million or USD 4. 1 million. John Rupert, the richest person in South Africa, led a group that purchased Mystery, a Cape Buffalo bull.
Sources told Bloomberg that LVMH was already nearing a stake purchase in Anderson. Sources told Bloomberg that luxury goods maker LVMH Moet Hennessy Louis Vuitton was close to buying a stake in J.
Ballmer made an impassioned plea to investors of Microsoft stock as well as took stock of his work as CEO of Microsoft.
The Department of Transportation and Communications said the bidding for the PHP 17.5 billion airport project was set for November.
Global equity funds recorded the highest inflows the week before the US Federal Reserve announced its monetary policy.
Private equity firms would continue to be interested in investing in the luxury car business of China, said William Shen of Headland Capital.
JinkoSolar Holdings said it would be selling 3.8 million ADS. In an announcement, JinkoSolar Holding Co. Ltd said that its follow-on public offer of 3,800,000 American depositary shares or ADS.
The European Union and Singapore concluded a free trade agreement that would make doing business easier and more transparent for both countries.
The Canadian federal government together with two of the largest provinces are working towards a common securities regulator.
