Zurich Insurance executive Josef Ackermann resigned from the company after its finance chief died of suspected suicide.
Investors
L'Oreal Ready to buy out Nestle stake in 2014
L'Oreal CEO Jean-Paul Agon said that the company would be ready to buy Nestle's stake in the company which was valued at EUR22 billion.
Another Asian financial crisis to hit in the next 12-18 months
A second financial crisis was predicted to hit Asia in the next 12 to 18 months that originated from the US after its Federal Reserve announced stimulus reduction.
Blackberry: Business as usual despite selling global operations unit
Blackberry, the leading mobile device in India, had announced selling its global operations unit but would remain business as usual to ease fears of Indian users.
Global Founders Capital reveals first three investments
Global Founders Capital announced today its first round of investments in three online startups which totaled over USD5 million.
Latest News
Two of the three bidders for BondDesk Group LLC have been identified. Tradeweb and MarketAxess, two of the leading institutional fixed-income trading platform providers, are two of the three bidders for BondDesk Group LLC.
The Carlyle Group and Townsend Group co-invested USD 200 million in a strategic partnership with Shanghai Yupei Group for a logistics platform in China.
A source told Reuters that the European Union Commission will approve Swedish oil refiner Nynas and Royal Dutch Shell's deal despite antitrust concerns.
For a Round-A venture capital investment, Vodafone Ventures Egypt would be taking a 22.22% stake in online pharmacy Agzakhana.com.
California-based Retention Science got more than USD 750,000 from Forerunner Ventures, an early-stage venture capital firm.
Alliance Global Group acquired Touch Solutions to facilitate the backdoor listing of its liquor unit.
Women's boutique retailer Francesca's Holdings Corp. has ousted Lululemon as the most attractive company to date to land private equity bids.
The partnerships of SAIC Motor Corp with Western car manufacturers helped boost its sales for the first half of this year.
A Philippine regulator said that the bidding for the LRT Line 1 Cavite extension project had failed.
