Transocean Ltd announced on Monday its plans to appoint new members of its board of directors in Switzerland, an initial public offering of a Master Limited Partnership, and an equity payout of USD3 dividend.
North America
Mitel enters agreement to acquire Aastra for CAD392 million
Mitel Networks Corp's CAD392 million stock-and-cash acquisition of Aastra Technologies Ltd would create a major player in the communications technology and equipment market in Canada.
Democrats eye corporate tax breaks
Democrats urged Republicans to limit tax breaks, executive stock options and other tax preferences enjoyed by hedge fund managers and private equity advisers.
Dexus Property and Canada Pension Plan Investment Board purchase office trust from Commonwealth Bank of Australia
Dexus would be managing one fourth of commercial buildings in Sydney upon the takeover by CCPIB of the office trust held by the Commonwealth Bank of Australia.
Renaissance Investment Management bets on emerging markets, eyes stocks in Philippines
Analyst Andrew Temming of US-based investment firm Renaissance Investment Management said the firm had yet to find a stock on the Philippine Stock Exchange that they'd like to invest on.
Latest News
The Nikkei said the registration of Third Point LLC ownership in Sony was strategic as hedge fund manager Daniel Loeb intended to pursue management changes and shareholder resolutions in the electronics company.
Healthcare company Johnson & Johnson stopped selling some of its products to Amazon.com because of complaints about the site's third party sellers.
Vox Media bought the Curbed network for USD20 million to USD30 million using a combination of stock and cash.
A Wall Street Journal report said big banks were thinking of blocking traders from chat rooms as regulators intensify probes on market manipulation and collusion
Two unnamed sources said India would be selling 10% of its stake in Indian Oil Corp. India planned to sell 10% of its stake in Indian Oil Corp. That would amount to USD800 million, two sources familiar with the matter said.
Andreesen Horowitz, the venture-capital firm Marc Andreesen, sold 2.28 million of its Facebook shares.
The Bicycle Coalition of Greater Philadelphia requested for USD3 million funding from the Delaware Valley Regional Planning Commission for its regional trail network project.
Extreme athletics showcase Nitro Circus announced it would become one with the touring company that helped produce its live programs.
In an interview with GeekWire, PitchBook Founder John Gabbert said the company's online research tool would help venture capital and private equity professionals make better business decisions.
