A bid for Alitalia was being reviewed by the Air France-KLM Group. The board of directors of Air France-KLM Group would meet on Sept. 23 to determine whether a bid for majority ownership over Alitalia SpA would be made.
Investors
London whale scandal cost JPMorgan USD1 billion in fines
JP Morgan Chase & Co. reached a milestone in cleaning up its legal affairs however it had also left the company a hefty USD1 billion settlement payments.
ClubCorp to price IPO shares below marketed range
In order to sell its shareholdings during its IPO, ClubCorp Holdings is pricing its shares below marketed price.
CHC Group set to conduct IPO
CHC Group Ltd, a company owned by First Reserve Corp, had filed documentation seeking permission to conduct an IPO of its shares.
Sentry Equipment acquires Accurate Tool Company
Sentry Equipment Corp. announced its acquisition of Accurate Tool Company assets. Sentry Equipment Corp is a leading worldwide supplier of industrial sampling products and systems.
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The forecast of increased revenues and profits had the share prices of United Utilities increase significantly.
Sweden's Finance Minister Anders Borg advised banks of a future of stricter administrative rules over their operations.
Jyoti Bansal, founder of AppDynamics, have built a company that helps firms manage their high volume data.
According to Ford Americas President Joe Hinrich, this investment would expand their Oakville plant near Toronto, Canada.
Kloevern AB gained the most after the firm was upgraded in status by Swedbank AB. The shares of Kloevern AB had jumped its highest in nearly five months in Stockholm trading.
The Re/Max Holdings IPO projected the revenues earned to reach USD241.5 million. The franchiser of real estate brokerages, Re/Max Holdings Inc. had filed documentation to raise as much as USD241.
The unions working for AMR Corp, the parent of American Airlines, and US Airways conducted a forwarded their displeasure on the suit filed by the antitrust division of the Justice Department.
Google has made a 'significant' investment in Calico, a company designed Google had announced its plans to form a new company to be named Calico.
James Gorman, the CEO of Morgan Stanley, said that he personally invest in municipal bonds, a biotech firm and for his children's accounts,in global equities.
