Private equity firms would continue to be interested in investing in the luxury car business of China, said William Shen of Headland Capital.
Investors
Monte Paschi to announce turnaround plan to avoid nationalization-report
Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.
Billionaire Rupert purchases bull for ZAR 40 million
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.
LVMH in advanced talks to buy stake in J.W. Anderson- sources
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 does swan song as CEO before investors and analysts at Wall Street
Ballmer made an impassioned plea to investors of Microsoft stock as well as took stock of his work as CEO of Microsoft.
Latest News
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.
Real estate firm Foxtons debuted strong in the London bourse, with early trading placing the firm's value at GBP 788 million or USD 1.27 billion.
In a tell-all report, the Business Insider unravelled the sex scandals and the political intrigue that happen in the halls of Googleplex.
The Royal Bank of Scotland raised GBP 630 million by selling all the shares it holds in insurer Direct Line.
Apple Inc. launched the sale of its new iPhone handsets in China on the same day as other main markets.
Twitter Inc. had been in talks to add more banks to its upcoming IPO, said sources. Twitter Inc. had been in discussion to add banks to its underwriting syndicate.
Agilent Technologies announced a spinoff plan that would create two separate public companies. Agilent Technologies is the manufacturer of scientific-testing equipment spun off from Hewlett Packard Co.
