The Gores Group purchases Etrali Trading Services from France Telecom-Orange. The global investment firm, the Gores Group together with France Telecom-Orange, the worldwide telecommunications service provider, had announced the acquisition of Etrali Orange Business Services - Trading Solutions.

Zain would establish an Iraqi company to comply with IPO regulations in the country. The largest mobile company in Kuwait, Mobile Telecommunications Co, popularly known as Zain, is now in the process of creating an Iraqi company so that Zain Iraq would be able to comply with the regulations on public share sales.

Equilibria criticizes the executive pay plan, its former acquisitions and future ones to be done. (Photo : Reuters)The image is the corporate offices of RHJ International SA.

Grupo Gigante purchases Office Depot share in Latin American venture. The Mexican company that operates office supply stores, Grupo Gigante SAB, has agreed to purchase half of the venture of Office Depot Inc in the country worth 8.

Pirelli chairman seeks to include new investors after falling out with major partner in the Pirelli investment.

Salesforce purchases ExactTarget for US$2.5 billion. The largest maker of online sales management tools, Salesforce. com Inc, has announced it would purchase ExactTarget, the marketing software maker.

Emaar MGF, the joint venture between Emaar Properties PJSC and MGF Development Ltd is being accused of FEMA violations.

Cardio3 BioSciences is planning an IPO after a previous unsuccessful run. (Photo : Reuters)The image is the microscopic view of a stem cell sample. Cardio3 BioSciences, the heart drug specialist pharmaceutical firm from Belgium, is now in the midst of planning the stock market offer of its shares in the Brussels and Paris bourses.

BlackRock, in a bid to lower trading costs as well as attract more investors, is setting up the first European ETF.

IVG, the German property firm, is planning to present a restructuring plan to its shareholders for debt repayment.

Nestle SA has a AA credit rating from S&P, which would determine the future acquisitions it would be making.

Vodafone to put in another GBP900 million for the completion of the 4G network of the company. The second largest wireless company in the world, Vodafone Group Plc, has announced that it would be inreasing its UK investments by a whopping 50%.

McGraw Hill Financial, the parent company of Standard and Poor's is investing further in Indian credit agency Crisil.

PPR is preparing to spin off its Fnac book and electronics stores. (Photo : Reuters)The image is of PPR CEO speaking before shareholders. The French company that owns the Gucci brand, PPR SA, is in the process of spinning off its Fnac book and electronics stores.

Exor sells off its 15% share in SGS to help in the Fiat acquisition of Chrysler. (Photo : Reuters)The image is the corporate logo of Exor, the holdings firm.

Zain Saudi has entered into an agreement with the Saudi Arabian Ministry of Finance to defer payment of mobile phone license fees to 2021.

Severn Trent rejects the new offer made by LongRiver consortium as it says it does not recognize the long term value and potential of the British water utilities firm.

Khazanah, the Malaysian sovereign wealth fund has sold off part of its shareholdings in Tenaga Nasional Bhd.

UAE's top aluminium firms merge to create a more competitive firm in the Middle East. (Photo : Reuters)The image is the factory of Dubai Aluminium.

Mayor Kevin Johnson's efforts to retain the NBA franchise in the city of Sacramento succeeds after its approval by the NBA Board of Governors.

ENRC founders together with the Kazakh government is seeking to privatize the mining firm. The three pillars of Eurasian Natural Resources Corp is set to lead a consortium seeking to privatize the mining firm.

Murthy returns as Chairman of Infosys, a post he last held in 2011. Infosys Ltd, the second largest Indian IT services firm, has faced disappointing outcomes and decreasing market share in the past few months.

Telecom Italia Chairman Franco Bernabe, through an interview, updates the process of the buyout from Hutchison Whampoa.

Bilfinger is setting its sights to the Asian and North American markets for expansion. Bilfinger SE, the construction and industrial services conglomerate from Germany is planning to expand into Asia or North America through acquisitions.

After completion of prerequisites, the second tranche of the Euro bailout plan for Greece was released.

German, Belgian, French and other bonds have been falling in the world market. (Photo : Reuters)The image is a bond market trader grimacing at the numbers.

UBS AG France is under investigation for its bank practices. (Photo : Reuters)The image is the UBS sign on its corporate headquarters. The French unit of UBS AG has been placed under formal inquiry as part of an investigation started in 2012 over the practices conducted by the bank in France, according to a spokesperson.

ISS advises its shareholder clients to accept the bid of Softbank over Dish Network for Sprint. (Photo : Reuters)The image is the logo of the largest US proxy advisor firm, ISS.

IVG is seeking to lessen its overall indebtedness to retain a viable loan to value ratio. (Photo : Reuters)The image is the corporate log of IVG Immobilien IVG Immobilien, the property firm from Germany, said that it would need to lessen its liabilities by at least Eur1.

FreePort McMoRan acquires both Plains Exploration and Production and McMoRan Exploration Co. In an announcement last Friday, Freeport-McMoRan Copper & Gold Inc said that it had completed its purchase of Plains Exploration and Production, the American oil and gas producer.