The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: - Chinese state oil firm CNPC will buy a stake in Kazakhstan's giant Kashagan oil project, through back-to-back deals with Kazmunaigaz through which ConocoPhillips will exit, the Kazakh state oil firm said on Monday.
North America
BoxCast Receives Investment from JumpStart
BoxCast's technology has become important, making one venture capital take notice and provide finances for its further development.
CORRECTION: Vistria Group Launched with US$500 Million Fund
The Vistria Group was launched with a fundraising target of US$500 million. (Photo : Reuters)The image is President Barack Obama shooting a few hoops. (Correction: Removes the reference to Secretary Penny Pritzker, which was erroneously referred to as one of the founders of the Vistria Group.
NY Lawsuit against Sprint Nextel for Tax Fraud Charges Underway
Sprint Nextel face lawsuit for tax fraud in the state of New York (Photo : Reuters)The image is the facade of a Sprint store. Sprint Nextel is currently facing a lawsuit in the State of New York for charges that the telecoms company did not collect or pay millions of dollars worth of taxes for its cellular phone service.
NVCA Reports Strong 2nd Quarter for Venture Backed IPOs
Compared to the first quarter, 21 IPOs were backed by venture capitalists amounting to US$717 billion.
Latest News
American Realty Capital New York Recovery REIT buys property worth US$220.3 million from SL Green Realty Corp.
Morgan Stanley had raised US$770 million fund to participate in the secondary market investments. (Photo : REUTERS)Morgan Stanley will shift the way advisers in its wealth management business are paid next year, cutting bonuses tied to the amount of revenue they bring in and rewarding them instead for growing assets and loans.
Z Capital Partners acquired sole ownership of Famous Brands when it bought the minority shares from The Carlyle Group.
Aqua America spends a little over US$12 million for seven different acquisitions for its portfolio.
Icahn was able to finalize US$5.2 billion in loan commitments as it continues on its quest to acquire Dell from privatization.
Steinway Musical Instruments is sold for $438 million to an affiliate of Kohlberg & Company. (Photo : Reuters)Steinway Musical Instruments is sold to Kohlberg & Company for $438 million.
Best Buy obtains high ratings as well as record share values because of the latest moves done under the aegis of CEO Joly.
Sinovel was charged with stealing AMSC's trade secrets and using the same illegally. (Photo : Reuters)Sinovel imported its wind turbines to the US.
United States' manufacturing activity improved while construction costs hit a four-year high on third quarter's kick off.
