Steinway Musical Instruments is sold for $438 million to an affiliate of Kohlberg & Company. (Photo : Reuters)Steinway Musical Instruments is sold to Kohlberg & Company for $438 million.
Investors
American Realty Capital New York Recovery REIT Acquires Manhattan Property
American Realty Capital New York Recovery REIT buys property worth US$220.3 million from SL Green Realty Corp.
Morgan Stanley Raises US$770 Million Fund
Morgan Stanley had raised US$770 million fund to participate in the secondary market investments. (Photo : REUTERS)Morgan Stanley will shift the way advisers in its wealth management business are paid next year, cutting bonuses tied to the amount of revenue they bring in and rewarding them instead for growing assets and loans.
Z Capital Partners Becomes Sole Owner of Famous Brands
Z Capital Partners acquired sole ownership of Famous Brands when it bought the minority shares from The Carlyle Group.
Rainbow Chicken Increases Shares in Foodcorp
Rainbow Chicken increases its shareholdings in Foodcorp to 88.1% through an additional purchase of 23.9% share.
Latest News
Rosneft head Igor Sechin denies any takeover plans for PKN Orlen of Poland and Bashneft of Russia. (Photo : Reuters)The image is the Russian signage for Rosneft.
Conergy, in order to keep afloat, forges agreement with Asian investor on loan assumption as well as equity investment.
Alstom issued bonds while credit risk was at a reduced level. (Photo : Reuters)This is the logo of Alstom. Alstom SA sold bonds for the first time since October last year, with the cost of insuring debt against losses at the lowest level in two weeks.
Sinovel was charged with stealing AMSC's trade secrets and using the same illegally. (Photo : Reuters)Sinovel imported its wind turbines to the US.
China started its investigation on the "dumping" of EU wine in the country. (Photo : Reuters)Chinese authorities started probe on EU wine imports today.
United States' manufacturing activity improved while construction costs hit a four-year high on third quarter's kick off.
Peugeot Citroen's founding family admitted they did not consider arranging talks with Fiat and just resorted with GM.
PGGM would be selling its Wal-Mart stocks due to unresolved labor issues of the company. (Photo : Reuters)PGGM is a Dutch asset manager. Wal-Mart's silence regarding its labor relations in the US has prompted PGGM NV to stop investing in the company.
Lufthansa launched its revamped budget airline called Germanwings to take on the competition. (Photo : Reuters)The photo displays airplanes of Europe’s biggest carrier, Lufthansa.
