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UPDATE: EBX Group collapses after Batista's exit

EBX Group's shares were considered worthless as the company officially breaks up today. (Photo : Reuters)This is Eike Batista. The exit of Brazilian billionaire Eike Batistsa from MPX Energia officially started the collapse of his former industrial conglomerate giant EBX Group.


Five Trio directors admit failure

Five directors of Trio Capital Limited accepted enforceable undertakings from APRA. (Photo : Reuters)This is the corporate logo of Trio Capital. In an announcement made by the Australian Prudential Regulation Authority or APRA today, five Trio Capital Limited directors have been relieved of their positions due to their admission of failure.

Argentina's Elsztain backs out of IDB investment

Investor Eduardo Elsztain withdraws his support for IDB Holding. (Photo : Reuters)This is Argentinian investor Eduardo Elszatain. Argentinian investor Eduardo Elsztain withdrew his planned backing of IDB Holding Corporation, a member of Nochi Dankner's portfolio of companies.

Mairs & Power Prepares for Bill Frels' Retirement

Mairs & Power Prepares for Bill Frels'Retirement (Photo : Reuters)This is the logo of Morningstar, who gave Mairs & Power Growth and Balanced funds a Silver Analyst Ratings under Bill Frels' leadership.


Latest News

George Foreman is Ziegler's new finance advisor. (Photo : Reuters)This is the company logo of Ziegler. Specialty investment bank and full service brokerage company Ziegler announced today that it has named George Foreman as its newest financial advisor.
Brazilian billionaire resigned from his company, MPX Energia. (Photo : Reuters)This is Brazilian billionaire Eike Batista. Brazil's richest man Eike Batista said today that he resigned as the chairman of MPX Energia SA.
Proctor & Gamble employed a Bollywood actress as new ambassador. (Photo : Reuters)Bollywood is a very influential industry in India. Proctor & Gamble employed a new strategy as it tries to penetrate the stronghold of Colgate Palmolive Co.
Ben S. Bernanke's, Federal Reserve Chairman, statement continued to rattle markets. Investors pulled out around US$60 billion.
Gulf Keystone appointed Simon Murray as new Chairman (Photo : Reuters)Gulf Keystone Petroleum appointed Simon Murray as new chairman Gulf Keystone Petroleum appointed former Glencore chairman Simon Murray as their new chairman.
Founder Steve Feinberg of Cerberus Capital Management LP decided not to go on with its planned bid for Freedom Group Inc said sources.
Fellow billionaire, Andre Esteves affected with Eike Batista's reversal of fortune (Photo : Reuters)Eike Batista's reversal of fortune affects fellow billionaire Andre Esteves Brazilian billionaire Andre Esteves is now feeling the effects of Eike Batista's reversal of fortune.
Billionaire Eike Batista pledged $1Billion of his personal wealth for BNDES Loan (Photo : Reuters)Billionaire Eike Batista pledged his personal wealth for BNDES Loan.
Zynga's newly hired CEO, Don Mattrick was lured in the company with a US$50 million compensation package.
Microsoft CEO Steve Ballmer gave Skype president Tony Bates acquisitions and relationship roles for the company.
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