Regulators approves Glencore purchase of Xstrata Plc. The US$35 billion takeover of Xstrata Plc has been approved by the South African antitrust regulators.
Legal & Regulatory
Venture firm CMEA sued for sexual harassment, retaliation
Three executive assistants are suing venture firm CMEA and one of its former partners for harassment and retaliation, marking the third lawsuit in less than a year alleging unfair treatment of women in Silicon Valley's clubby world of venture capital.
Shareholder Recommends Smithfield Foods Split
Smithfields Food split recommended through letter by shareholder. One of the biggest shareholders in Smithfield Foods Inc has formally recommended to the board to split America's largest hog producer into three separate distinct units.
Hedge Fund Appeal against Porsche Dropped
Appeals by hedge funds against Porsche actions withdrawn in the US but case continues in Germany. In a recent move, a consortium of hedge funds has dropped their appeal in US courts but continue their case in Germany.
DLF to Issue Fresh Shares
DLF to comply with SEBI requirements needs to sell new shares. In an effort to dilute the promoter's shares held by a holdings group, realty giant DLF announced today the issuance of new equity shares to comply with new SEBI norms of 25% minimum public shareholding.
Latest News
MF Global Trustee agrees with JP Morgan for settlement. MF Global together with its creditors have resolved a point of conflict with JP Morgan Chase. This dispute stems from the valuation of intercompany claims in MF Global's estate.
Coach's financial performance makes it ripe for rival bids. Coach Inc, the maker of luxury handbags and heels are now giving bargains for its luxury brand.
The UK government is being urged by Bank of England head Mervyn King to break up RBS for financial stability.
Air Asia gets to second step in operating airline in India. Air Asia Bhd has been give approval by Indian regulators to enter into a joint venture for an Indian airline.
The Chinese Internet portal company is rejecting claims that it is in talks with investment banks over plans to make private.
Argentina's expropriation of Repsol stake in YPF subject to claim and clarification. Caixabank, a key shareholder in Spanish oil giant Repsol, is exploring avenues to seek compensation for the expropriation of the national oil company YPF.
Deutsch Telekom said in a statement it received no objection from DOJ as it completes merger between its T-Mobile and MetroPCS.
Verizon and Vodafone discussing future of Verizon Wireless. Verizon Communications Inc, which is now deep in a battle for control with Vodafone Group Plc, has proposed to dissolve their relationship through the wireless joint venture.
Nasdaq and SharesPost to create new market for privately held securities. A new marketplace for shares trading of unlisted companies would be rolled out as a joint venture between Nasdaq and SharesPost Inc.
