Pershing Square Capital Management LP's CEO Bill Ackman had agreed with JC Penny Co. on the sale of his entire stake in the company.
Investors
Structural adjustments needed for China’s economic growth
China's Vice Finance Minister says there is no need for Chinese government to stimulate the world’s No. 2 economy.
U.S. regulators discuss digital currency with Bitcoin Group
Bitcoin Foundation joins U.S. regulators in FinCEN-hosted discussion regarding digital currency. Financial Crimes Enforcement Network (FinCEN) director Jennifer Shasky-Calvery hosted a discussion with members of the Bitcoin Foundation.
Facebook privacy settlement approved by U.S. judge
U.S. judge approves USD20 million Facebook settlement on lawsuit over targeted ads. A U. S. judge granted final approval on Monday to Facebook's USD20 million settlement despite objections from plaintiff's that the lawsuit failed to cover children's privacy.
Stockholm Exchange nears high, IPO improves
The number of initial public offering in Sweden had increased while Stockholm's OMX All-Share Index had reached a record high, erasing market volatility in the country.
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BATS Global Markets Inc. and Direct Edge Holdings LLC said that it would commence the merger last Monday.
Titagarh Wagons Ltd. had decided to no longer push its demerger plans amid the sluggish order flows for wagons in the market.
An acquisition deal for a Chinese copper landmark had been placed at risk after the USD3 billion agreement was reviewed.
Globecomm Systems Inc. said that it had agreed acquisition from Wasserstein & Co for USD340 million.
The Reserve Bank of India had allowed non-resident Indians to purchase shares from Tai Industries and Madras Aluminum Company.
BBA and DAE discuss merger possibilities. The world's largest producer of bases for business jets, BBA Aviation Plc was in discussion with Dubai Aerospace Enterprise Ltd, an aircraft leasing company, as to the combination of their business enterprises.
ING Groep NV had sold its South Korean insurance unit for USD1.7 billion to MBK Partners Ltd. MBK Partners Ltd. is an Asian buyout company which was formed by ex-Carlyle Group executives.
Uralkali CEO Vladislav Baumgertner was held in custody after holding potash discussions in Belarus. OAO Uralkali Chief Executive Officer Vladislav Baumgertner was detained in Belarus.
Gold prices, after a previous period of decline, is now on the rise, recently topping the USD1,400 level.
