Beleaguered company J. C. Penney Co Inc has engaged the services of Blackstone Group LP's financial advisory arm for their expertise on how to best position the firm financially, according to sources.
People
Russia Retaliates to US Imposed Ban
Russia bans US officials and other Americans as a response to the ban made by US officials in related to the Magnitsky incident.
Deutsche Bank Changes Board
In a move to bolster investment banking projects, Deutsche Bank removes three supervisory board members and replaces them with known advocates of investment banking.
Ducati's current CEO frontrunner to be Alitalia's new CEO
Andrea Ragnetti may have to leave Ducati as CEO when asked to become Alitalia's new CEO. The chief executive officer of renowned Italian motorcycle builder Ducati, Gabriele Del Torchio is the top choice to take over the helm of ailing airline Alitalia.
Wyeth Investors Sues SAC Capital for Insider Trading
Public pension fund Birmingham Retirement & Relief System has sued SAC Capital Advisors LP over allegations of insider trading.
Latest News
Eurozones finance ministers will meet in Dublin on Friday to discuss a bailout for Cyprus, the cost of which has rise to 23 billion euros from 17.5 billion euros.
Investors continue to rush into U.S. stocks, pouring in more than $60 billion into mutual funds and ETFs.
Nasdaq OMX Group Inc's chief executive Robert Greifeld's 2012 annual bonus has been slashed over the mishandling of Facebook's Inc. initial public offering last year.
Kenneth Coleman joins Andreessen Horrowitz roster of advisers. Andreessen Horowitz, the venture capital firm has engaged the veteran expertise of Kenneth Coleman as one of its adviser on roster.
Yahoo!, the U.S. biggest Web portal, has engaged the services of private equity veteran Jacqueline Reses as it struggles to reinvent itself and stay relevant.
HG Data's new President is Tim Baskerville. In a press release, HG Data Company announced the appointment of Tim Baskerville as President. Since 2011, Baskerville had been on the Board of Directors of HG Data.
Private equity firm, Advent International, has opened an office in China, just like other big private equity firms The Carlyle Group CVC and Bain Capital.
Indian private equity investments decreased by a quarter in Q1 2013, according to the latest Quarterly Deal Report of VCCEdge.
KKR appoints Hirofumi Hirano as CEO and MD while former CEO and MD Shusaku Minoda becomes chairman.
