Founder Steve Feinberg of Cerberus Capital Management LP decided not to go on with its planned bid for Freedom Group Inc said sources.
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India to draft new rules on surplus funds
India's CPSE was urged by the finance minister to either invest its surplus funds or give to those who will.
Ziegler names George Foreman as advisor
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.
Batista quits MPX
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.
P&G makes investment on Bollywood
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.
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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.
Michael Dell’s US$24.4 billion bid to take Dell Inc private mounted odds as the Institutional Shareholder Services firm lean against the offer and the company’s board urged the founder and his partners to increase their bid.
AMP Capital Investors Ltd resumed acquisition of Japan’s stock with expectations that Japan’s Prime Minister, Shinzo Abe would win upper house votes.
Roy Martin was appointed to head Truven’s Commercial Division. (Photo : Reuters)The image shows the logo of Truven Health Analytics, which recently appointed Roy Martin to head its commercial division.
JP Morgan Chase cleared Hannam of market abuse charges today. (Photo : Reuters)This is the logo of JP Morgan Chase. Ian Hannam said today that JP Morgan Chase & Company cleared him of any charges previously attributed to him.
Chinese entrepreneur Cai Rongjun became a billionaire after his touchscreen manufacturer company advanced its stocks.
