Blackberry received approval from U.S. District Judge Richard Sullivan for the dismissal of a shareholder lawsuit that was accusing it was seeking fraudulent obscurity of its falling market position.
Investors
Alupar to Offer IPO
Alupar would be raising nearly 1.16 billion reais for its IPO. Alupar Investimento SA is planning to raise 1. 16 billion reais or US$574 million in its initial public offering of shares of stock.
Telmex to Face Class Action Suit Instituted by Government Regulator
Telmex would be facing a class action suit for unwarranted charges filed by the government for an on behalf of its subscribers.
Lloyds Bank Beats Loans Projections for Manufacturers
Lloyds ceilings for lending to manufacturers with discounted interest rates. Lloyds Bank topped its own estimate of GBP1 billion loans for UK manufacturers before September 2013.
Russia Won't Help Cyprus Depositors
First Deputy Prime Minister Shuvalov said that the government will not provide assistance to Cyprus depositors who lost money, except in certain circumstances.
Latest News
Redknee has closed its deal to purchase the Business Support Systems business unit of Nokia Siemens Network.
Areva chief executive officer Luc Oursel told French newspaper Le Figaro that they have interest in acquiring nuclear fuel producer Urenco.
Sources say that KKR has been making a deal to buy a majority stake in French fashion brands Claudie Pierlot, Maje and Sandro
Names such as the Carlyle Group, KKR and the Moulin family are bidding for the controlling stake in Maje, Sancro and Claudi Pierlot.
The Appellate Court of New York heard the arguments on the proposal of Argentina to provide a mixture of cash and bonds to pay off bondholders.
In a harsh condition, nearly 60% of the value of deposits above Eur100,000 would be lost in the bailout package.
Michael Steinberg is the highest ranking SAC executive to be arrested for insider trading. Michael Steinberg, portfolio manager at SAC was charged with insider trading by US prosecutors.
Private equity firm KKR has entered into exclusive talks to buy a majority of French fashion brands Maje, Sandro and Claudie Pierlot, according to a source familiar with the transaction.
In line with its acquisition spree, Qatar National Bank purchases stake in Egypt's National Societe Generale Bank.
