In what is called a 'tax efficient spin off', National Oilwell would be letting its distribution business stand alone.
North America
New York Life acquires Dexia Asset Management
The largest US life insurer New York Life Insurance Co purchases Dexia Asset Management. The largest US life insurer owned by policyholders, New York Life Insurance Co had entered into an agreement to acquire a Dexia SA unit worth EUR380 million or USD512 million.
Prosper Marketplace gets USD25 million and Blackrock backing in new funding round
California-based peer-to-peer lending company Prosper Marketplace disclosed that it had received USD25 million in funding from investors including Sequoia Capital and BlackRock, Inc.
Noble Corp to push through with spin off
The fleet of Noble Corp would be separated between shallow water and deep water drill rigging equipment.
Baupost Group set to return money to clients
Seth Klarman's Baupost Group, for only the second time, would return money to its clients. One of the largest hedge funds in the world, Seth Klarman's Baupost Group has nearly USD28 billion in its portfolio, had laid out plans to return money to its clients by the end of 2013.
Latest News
Google Inc expressed its apologies in a blog post over email delivery delays in Gmail, its email product.
Novamax had share prices advance 66% of pre-IPO prices after close of trading. Novamax, the vaccine manufacturer, announced Tuesday that it is projecting to raise around USD82.
A security analyst told Neil Rubenking of PCMag.com's Security Watch that the TouchID was still a very convenient security feature for iPhones despite the technology being hacked by tech experts.
With an emphasis on speed, Apple Inc on Tuesday released its latest line of the all-in-one iMac desktop retailing at a starting price of USD1,299.
The sale of Illinois Tool Works' industrial packaging business would affect its overall revenues.
An estimated 12.6 million viewers watched the premier episode of NBC's "The Blacklist."
According to sources who were familiar with the matter, Dell Inc had been working with AlixPartners LLP to help the company turn its financial position around after its leveraged buyout by its founder and Silver Lake Management LLC.
Spanish telecoms group Telefonica had agreed on Tuesday to increase its stake in Telco, of which the latter is the controlling shareholder of Telecom Italia, via cash-and-share deals.
In a meeting on Tuesday, a whopping 96% of Smithfield Foods Inc shareholders voted in favor of the USD4.7 billion acquisition by Shuanghui International Holdings Ltd.
