The former head of ORIX USA, Jim Thompson, has launched Preston Hollow Capital, an investment company that will target fixed income, venture capital and hedge funds.
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Bermuda's Hamilton Insurance Group Ltd names Weill as Chairman
Former Citigroup Inc head Sanford "Sandy" Weill was appointed as the Chairman of the Board of the reinsurance company Hamilton Insurance Group Ltd, Bloomberg reported.
Israel's Teva Pharmaceutical Industries names Erez Vigodman as CEO
The world's largest generic drugmaker, Teva Pharmaceutical Industries Ltd, has chosen Erez Vigodman to become its President and Chief Executive Officer beginning February 11, Bloomberg reported.
American rapper Diddy Combs acquires luxury tequila brand DeLeon
American rapper and producer Sean "Diddy" Combs struck a partnership with UK-based consumer goods firm Diageo Spirits to acquire the luxury tequila brand DeLeon in their second 50-50 joint venture.
Part 1: The Start-up of Russia. The Startup of Start-up Communities: The Power of Clones in Russia and beyond
2010 was a 'tipping point' for the start-up of Russia through two liquidity events and underlying forces in the country. First was the acquisition of the Russian Groupon clone called Darberry by Groupon.
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Instead of taking things easy on retirement, an increasing number of older Americans have become entrepreneurs and have taken the risk of forming their own companies, Bloomberg reported.
Ford Motor Co. chief executive Alan Mulally, once and for all, said that he will not replace Microsoft Corp.'s retiring CEO Steve Ballmer and will remain at the US automaker through 2014. Some prominent Microsoft investors had campaigned for Mulally's candidacy for the top job at the software giant.
For venture capital firm Atomico founder Niklas Zennström , Silicon Valley is not the only technology hub where great firms can come from. He says they can come from anywhere.
Citing sources, Bloomberg reported that Germany-based Deutsche Bank had hired Yusof Annuar Yaacob, Malaysia's Chairman for Corporate Finance of Goldman Sachs Group Inc, to become the lender's country head in Malaysia.
Private equity firm Blackstone Group, which has yet to do an Australian deal, has appointed it senior adviser James Carnegie as the new senior managing director of its Sydney office. Carnegie will be replacing Paul Costello, who resigned last year.
Billionaire John Malone is building a cable empire once more as the firms he is backing have announced or are cooking up acquisitions amounting to more than $80 billion, Bloomberg reported.
Struggling smartphone maker BlackBerry Ltd. has hired Ron Louks as head of its loss-making devices business. Louks had served as chief executive officer at OpenNMS Group and as head of technology at Sony Ericsson.
Former President of the United States Bill Clinton is the Honorary Chancellor of a controversial private equity-backed Laureate Education Inc, a for-profit company, Bloomberg reported.
The creator of the Cash Management Account which drove Merrill Lynch & Co to become a full-service financial provider passed away after years of battling Alzheimer's disease.
