Felony charges were filed against David Riley and Matthew Teeple for insider trading. A former executive at Foundry Networks Inc was charged with insider trading after tipping a California hedge fund analyst of the company's acquisition plans.
Investors
Canadian Gov't Urges Investors to Wireless Industry
Canadian Industry Minister calls out foreign capitalists to invest in the country's wireless industry.
Ericsson in Deal to Buy Microsoft's IPTV Business
Ericsson is making a deal to acquire the IPTV business of Microsoft in a bid to offer services to phone companies.
EADS approves buyback plan
EADS is now instituting changes such as a share buyback program and changes in its board. Investors of the European Aeronautic, Defense and Space Co or EADS gave their approval for the purchase of fifteen percent shareholdings at the price of Eur50.
Petrobras Auctions Nigerian Oil Field Shares
Petrobras is now setting up its plan for the auction of its shares in Nigerian oil fields Brazilian oil firm Petrobras has auctioned its interest in the oil fields in Nigeria that would draw up to $5 billion as the company aims to get cash and embarks on a capital spending plan, sources familiar with the matter told Reuters.
Latest News
The pending sale of Printemps has worried union representatives as to possible job cute. Printemps, the French department store, is now nearing completion of its sale to Qatari investors, The projected deadline is as early as this summer with the timetable for the deal now being prepared for the staff.
The French Ministry of Finance is selling 3.12% interest over the aerospace company Safran. The 3. 12% shareholdings of France in Safran is up for sale.
CBS and Lionsgate form a joint venture to acquire cable company TVGN and its website TVGuide.com. Lionsgate and CBS Corp have teamed up to operate the cable network TVGN and its website TVGuide.
Tata Steel is now in the process of finding banks to facilitate the sale of bonds for its debt refinancing purposes.
Protective Life is the leading buyer for assets of AXA Life amounting to US$1.5 billion. American insurer Protective Life Insurance is the frontrunner in the purchase of picking up AXA SA's life insurance assets.
With the warrants it holds, Warren Buffett can become the largest shareholder of Goldman Sachs. Berkshire Hathaway passed on a golden opportunity to become the largest shareholder in Goldman Sachs Group Inc.
HSBC winds up Hermitage Fund. HSBC Holdings Plc has closed down Hermitage Capital Management and its Russia Fund. The fund's co-founder, William Browder, is now facing charges of libel in London and concurrently being tried in Moscow for tax evasion.
The owners of the Atlantis in Dubai resorts have finalized a debt restructuring deal. In an announcement, Kerzner International Hotels Ltd has completed a deal to restructure its US$145 million debt.
Doha Bank releases two part issue to increase capitalization. Qatar's fifth largest lending institution in terms of market value has announced that its issue valued at QAR1.
