New job cuts in the offing for JP Morgan Chase. JP Morgan Chase has announced that it would be undertaking another round of layoffs, numbering between 3,000 to 4,000 employees in its consumer bank operations by 2013.
North America
Apple CEO to Face Shareholders
Apple CEO under fire for cash hoarding, falling shares and tepid growth. The shareholder meeting for Apple Inc shareholders would be held tomorrow at its headquarters in Cupertino, CA.
Tribune Engages Banks for Sale Assessment
Tribune Puts Up Assets for Sale The Tribune Corp has engaged the services of two of the top investment banks to assess sales opportunities for its newspaper unit.
Rabois Joins Khosla Ventures
Keith Rabois quits Square and joins Khosla Ventures. One of Silicon Valley's most well-known and most decorated executives and angel investor has resigned as Chief Operating Officer of Square.
Commonwealth REIT Value Increases
Commonwealth REIT stock offer opposed making share prices soar. (Photo : faqs. org) In its biggest gain in more than four years, Commonwealth REIT share prices increased after Related Cos and Keith Meister challenged the plan set by the company of selling shares.
Latest News
Potash Corp takeover bid for ICL still ongoing. Saskatchewan based Potash Corporation is serious in its bid to wrest majority control over Israel Chemicals Limited.
TPG purchases Assisted Living shares for US$278 million Investment firm TPG has reached an agreement with Assisted Living Concepts Inc for the sale of its senior living residence operations for US$278 million.
AT&T expands into Europe with wireless technology applications. The largest US phone company, AT&T would be expanding to Europe through licensing of its mobile home watchdog products.
Potash Corp. has been looking to boost its stake at the world's sixth largest producer of potash.
Carlyle expects interest from its larger rivals in the industry for its defense firm Arinc Inc. Private equity company Carlyle Group LP has been in preparation for the sale of aerospace and defense firm Arinc Inc.
Assisted Living Concepts reached agreement to be sold to private investment firm TPG for about $278 million.
First Quantum may slightly extend its offer for Inmet as it resolves regulatory barriers, its president, Clive Newall, disclosed.
The U.S. wireless service provider has reported a decline by 65% in its quarter net profit as it tries to close its merger deal with T-Mobile USA.
BH Media has announced that it bought the daily newspaper published by the Lortons in an undisclosed amount.
