Vanderbilt settles with New Mexico on unjust enrichment investments. In a settlement agreement, Vanderbilt Capital Advisors LLC has entered into a settlement agreement to pay New Mexico US$24 million.
North America
Best Buy Offers $100 Discount to Customers Buying Windows 8 Laptops/Computers
Best Buy attempts to help Microsoft increase touch-screen computing devices by offering $100 discount to customers purchasing Windows 8 computing devices.
SAP Acquires SmartOps
SAP acquires SmartOps for long term plans. SAP AG announced that it is in the process of acquiring SmartOps, a provider of inventory and service level optimization software programming.
Living Social Forced on Concessions
LivingSocial was coerced to swallow a bitter pill for more capital infusion. LivingSocial was forced to accept large concessions in order to convince its biggest investors to infuse another US$110 million for the second largest daily deal firm.
Einhorn Wins First Round Vs Apple
Greenlight Capital gets restraining order against Apple Inc. A US federal judge found credence to the arguments of hedge fund manager David Einhorn versus Apple Inc.
Latest News
Ford's novel annuity for lump sum swap increases funding for pension funds. Ford Motor Co. 's funding for its US pension funds had increased in 2012, as decreasing rates of interest offset the investment gains achieved in the year.
Cygnus putting its Agriculture Group up for sale. Cygnus Business Media has announced that it has retained the services of Corporate Solutions Inc in order to formulate strategic plans for its Agriculture Group.
Boeing purchases microprocessor unit of CPU Technologies. In its continued goal of protecting its fighter fleet from information lead attacks, Boeing has purchased CPU Technology Inc.
Elan profits from Tysabri sale offered to shareholders. Elan, the Irish drug firm has announced it would return US$1 billion to its shareholders from the proceeds of the sale of its stake in multiple sclerosis drug Tysabri to partner Biogen Idec.
Canada's OMERS pension fund poised to make major purposes in 2013. OMERS, one of Canada's leading pension funds, announced last Friday that it is now in the process of diversifying its portfolio away from traditional areas such as North America, the United Kingdom and Western Europe.
WSJ reports bid for Boston Globe pegged at US$100 million. According to a report from the Wall Street Journal, the New York Times Co received a formal offer on the Boston Globe in the amount of US$100 million.
Gardner Denver mulling over US$75 per share offer from KKR. Gardner Denver Inc. 's board would convene on Monday to consider the US$3. 7 billion offer by private equity firm KKR and Co.
No one is safe without the numbers, message sent to industry by Heinz buyout. The buyout of H. J. Heinz by Warren Buffett's Berkshire Hathaway and others have placed many food executives of known brands properly warned that they either shape up or be shipped out.
CPU Technology's Acalis microprocessor business has been acquired by Boeing which is seeking to address the need of its customers worldwide to protect war fighters from information-assurance attack.
