Mergers & Acquisitions
Merger activity rises as markets remain buoyant - report
According to a report by The New York Times, mergers are picking up activity as financial markets worldwide, including the US, are becoming stronger and more stable.
Royal Bank of Canada is top dealmaker on Canadian retail M&A- report
The top dealmaker for Canadian retail mergers and acquisitions for 2013 is the Royal Bank of Canada, data from Bloomberg revealed. RBC has held the top spot for the third straight year.
Google to shut down Bump, Flock after $30-$60M acquisition deal
Google Inc., which acquired startup Bump Technologies last year for $30 million to $60 million, will end the operations of smartphone file-sharing app Bump and photo-aggregating software Flock on January 31.
Revlon to shutdown operations in China months after Colomer Group buyout
New York-based cosmetics company Revlon, which has posted profit declines in 2011 and 2012, will close its operations in China, cutting at least 1,100 jobs. News of the shutdown came a few months after Revlon bought Spanish beauty care company Colomer Group.