Speculations had it that SAC Capital Advisors LP will reduce the numbers of its staff but the firm's president denied said speculations through an e-mail sent out to workers.
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Apax and KKR Executives Leaves Financial Firms
KKR & Co. confirmed departure of one of its executives, Nicolas Cattelain while Apax Partners LLP refused to comment on said departure of its executive, Massimiliano Belingheri.
Wal-Mart Announces Share Repurchase Program Amidst Revelry
Wal-Mart celebrates its annual meeting and announces a share repurchase program. (Photo : Reuters)The image is the frontage of a Walmart store. Wal-Mart Stores Inc has announced plans to undertake a US$15 billion share repurchase plan during its annual workers meeting last Friday.
Football Hero Invests in Mining Project
Football star Didier Drogba invests in a mine in his home country of Ivory Coast as his latest move after his humanitarian work.
Marchionne Allays Fears of New Debt for Fiat
Marchionne discounts speculation that Fiat would accumulate more debts when it purchases the Chrysler stake of VEBA.
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Moneysupermarket.Com founder Simon Nixon sells nearly 15% stake of the firm, his first ever disposal since the company got listed in 2007.
CT Corp announces to buy 80% of Telkomvision stake in Indonesia for less than US$100 million deal. (Photo : Reuters)CT Corp Founder and Chairman Chairul Tanjung June 5, Indonesian billionaire Chairul Tanjung agrees to buy 80% stake in the second largest pay-TV operator in the country, Telkomvision.
Bill Gates leads investment of US$35 Billion for ResearchGate, a Berlin based network for scientists.
Canadian Industry Minister, Christian Paradis squashes Telus Corp's application for a takeover deal with Mobilicity following the Canadian ban for spectrum licenses acquisition from smaller rival companies.
Nathan Tinkler agrees to a settle a US$12 million agreement with Blackwood Corp Ltd for a lawsuit filed against him for insolvent trading.
President Xi Jinping offered a total of US$3 billion loans to 10 Caribbean nations however no direct confirmation was made by the Chinese government.
Steven A. Cohen is at the brink of cutting down a number of his staff after more investors are expected to pull out their money.
At age 69, the UBS wealth management senior vice president George Weiler III died after suffering a heart attack.
Shanghui International Holding Ltd. stated its key to success from acquiring Smithfield Food Inc. Wan Long, the chairman of Shuanghui International Holdings Ltd.
