Virgin completes purchase of Tigerair's 60 percent stake naming chief executive John Borghetti chairman.
Investors
Ben-Tzvi investment decides Israel daily's future
Trustees will gain control over Ma' ariv if Shlomo Ben-Tzvi decides to stop backing the newspaper.
Alternative investment trusts can now be held in investment savings
Due to a newly created rule, alternative investment market trusts can now be captured in investment savings accounts.
J.P. Morgan: Dubai could raise US$1 billion from telecoms share sales
According to J.P. Morgan, Dubai Holding could earn about US$1 billion by selling its minority shares in two telecom firms.
US' richest universities venture in Africa
The United States' wealthiest universities are eyeing Africa as their latest investment nest. Several of the United States' most profitable universities are looking towards the other side of the world to acquire outsized investment returns for scholarship funding.
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Predixion raised US$20 million worth of Series C investments. (CORRECTION: Description of Accenture was changed from BPO powerhouse to Global consulting powerhouse.
Meta Pharmaceutical Services received a US$7.5 million loan from Praesidian Capital. Mezzanine capital provider for small and medium sized firms Praesidian Capital announced today that it steered a US$7.
Nippon Shikizai invested on its fourth plant in Japan. Nippon Shikizai Inc. , a makeup, cosmetics, and skin care producer from Japan, announced its plans to invest in a new plant in the country to be finalized early next year.
The UK NEST gave Legal and General Investment Management mandate over real estate asset allocation. The United Kingdom's National Employment Savings Trust or NEST deployed a scheme involving a 20% member asset allocation to a real estate fund.
Blackstone Group LP would expand its business by lending US$5 billion worth of distressed houses to landlords.
Japanese manufacturer is considering 100 billion yen share offering, the first in 32 years. Japanese manufacturer Olympus Corp is reflecting on releasing up to US$991 million (JPY100 billion) of new shares to finance the study of its endoscope business as well as further its medical business into developing nations.
Michael Dell's offer was backed by the Institutional Shareholders Services. Dell Inc announced today that proxy investment advisory firm ISS recommended the US$24.
The Philippines NEDA Director said that the administration will be easing its restrictions on foreign investments.
Investors from France are cutting back on investments due to fears of high interest and foreign competition.
