Zurich Insurance's Chairman Josef Ackermann resigned abruptly following the death of the company's CFO Pierre Wauthier.
Investors
Fears of anti-bribery legislations slows down M&A in India
Merger and acquisition deals in India had slowed down after fears on US and UK anti-bribery laws threatened investment.
America Movil says it would not raise KPN offer
Arturo Elias, Carlos Slim's chief spokesman said America Movil had no intentions of raising its offered bid for the remaining stake of KPN.
Countdown starts for U.S. airline merger trial in November
A US judge had granted the request of American Airlines and US Airways for an earlier trial against the US Justice Department that intends to block the two companies' planned USD11 billion deal.
AMC Entertainment seeks USD400M in new IPO
AMC Entertainment announced a new initial public offering as it sought to raise USD400 million. AMC Entertainment Holdings Inc. is the biggest movie theater operator owned by the richest man in China, Wang Jianlin.
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American Express was said to compete for a stake in Foursquare Labs. American Express Co. had been reported to compete for an equity stake in Foursquare Labs.
Zurich Insurance Group dispelled its concerns about the resignation of Josef Ackermann in the wake of its CFO's death.
Canada-based Demeure announced receiving USD4 million from its third round of seed funding. Travel marketplace Demeure had raised USD4 million in its third round of seed funding.
Private equity firms perform at higher levels in terms of buyout financing compared to the previous year.
According to a Bloomberg report, the potential nomination of a Federal Reserve outsider made investors scramble for advice on whether the news would have an effect in financial markets and monetary policy.
James Boyne, erstwhile Calamos Investments President and COO resigns to pursue non-profit work. In an announcement last Thursday, Calamos investments announced that the firm's President and COO would be leaving the company by September 30.
According to technology news site Techcrunch, Pure Storage's recent USD150 million funding was a step to dominate the flash storage market.
US District Judge Colleen Kollar-Kotelly said she wanted the trial against American Airlines and US Airways to be held before the US Justice Department's proposed March 3 date.
The Civil Aviation Authority of the Philippines said it is confident that the country would be able to regain its Category 1 rating when the US FAA would visit in the next two months.
