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OfficeMax Faces Suit on Takeover

OfficeMax faces suit from investor for breach of fiduciary duties. An OfficeMax Inc shareholder has filed suit against the directors of the company as it seeks to stop the takeover by Office Depot Inc.


Buffett Says His Successor Would Have Better Pay

Speaking to Bloomberg from Omaha, NB, Berkshire Hathaway's Warren Buffett says his successor has been chosen by the board and he designed the successor's new pay scheme.

Sofinnova Ventures Announced its New General Partner

Sofinnova Ventures appoints Dr. Srinivas Akkaraju MD, PhD to become the company's General Manager.

Berkshire Hathaway's Stockholder Meeting To Be Spiced Up

Warren Buffett's Berkshire Hathaway would hold its shareholder meeting with a new twist on the festivities.


Latest News

Armstrong Asset Management appoints Yasushi Ujioka as its investment director. Armstrong Asset Management appointed Yasushi Ujioka as the new Investment Director of the Singapore based company.
Peter Larsen joins as principal in Atlantic-Pacific Capital. The biggest independently-owned global placement agent and consultancy firm, Atlantic-Pacific Capital, disclosed today the addition of Peter Larsen as its Principal.
James Breyer of Accel Partners would not stand for re-election to the board of social networking giant Facebook.
Bafin, the German financial markets watchdog, clears German Bank directors of any wrongdoing. Bafin, the German financial market regulator, have not come up with any proof that the directors of the German Bank are behind the manipulation of the standard interest rates, according to a top official of Bafin that the Wall Street Journal Deutschland had spoken with over the weekend.
In a move to help local Saudis, unused residential and military lands may be confiscated for that purpose.
Youku views mobile content as platform for profits for the firm. China's largest online video company, Youku Tudou Inc. , claims that original programming and a drive into mobile content will support the company as it looks into posting its first profit since its initial public offering in 2010.
Greek Finance Minister urged the legislative body to pass the reform measures required as a precondition to the release of the Eur2.8 billion tranche of bailout funds for the country.
McClendon, after his exit from Chesapeake Energy, is now undertaking a new venture, American Energy Partners.
Recent research indicate US investors are again looking to snap up real estate ventures and investments located overseas.
SEC Chair Jo White is caught between a promise made during her confirmation hearings and the ire of consumer advocates she has sworn to protect.