Anadarko trades cancelled due to glitch in system. In an expected move, the New York Stock Exchange has announced it would be cancelling the trades of Anadarko Petroleum Corp after a glitch in the system had cut the market value of the firm by 99%.
Articles by Marc Castro
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In an announcement, oil blocks in Indonesia are now available for bidding. The Indonesian government announced the opening of a rights tender for twenty one oil and gas exploration blocks last Friday.
Yahoo has invited press to an event, rumors saying it is the announcement of the acquisition of Tumblr.
Univar purchases Quimicompuestos. The world renowned distributor of chemistry and related services, Univar Inc. , disclosed that it had concluded the purchase of the leading supplier of commodity chemicals in Mexico, Quimicompuestos.
Tableau IPO to raise US$254.2 million. In an announcement today by Tableau Software Inc. , it disclosed that the price of its 8,200,000 shares of its Class A common stocks tendered at its initial public offering is at US$31.
Caterpillar ends impasse with Mining Machinery for a lower price on purchase. The outstanding issues between Caterpillar Inc and Mining Machinery Ltd of China have been settled.
GM's current share values surpass the pegged price for its IPO back in November 2010. In an announcement, Detroit car giant General Motors Co said that its current share values have surpassed their 2010 IPO prices.
Altron offers to purchase all the shares it does not already own in Allied Technologies. Allied Electronics, a major player in the South African consumerelectronics market, has formally offered to purchase all the share capital in Allied Technologies Limited that it does not already have in its portfolio.
Tesla increases offers for debt and equity sales after strong investor interest seen. In a cavalier move reminiscent of the personality of its chairman Elon Musk, Tesla Motors has increased its debt and equity offers to capitalize on the increasing appetite of investors for high yield investments.
Syniverse and Mach agrees to conditions set by EU regulators. Syniverse Technologies, the US telecoms services firm, is preparing for the receipt of the European Union antitrust regulatory approval for the Eur550 million or US$710.
A new syndicated loan worth US$850 million has been approved to help refinance the debts of Atlantis, the Palm.
Marketo to sell off a total of 6.06 million shares of both company owned and shareholder owned shares at its IPO.
UMW Holdings to sell off 39% of its oil and gas subsidiary through an IPO. The Malaysian industrial to automotive conglomerate, UMW Holdings Bhd, is preparing plans to sell of 39% of its oil and gas production unit through an initial public offer.
Skymall merges with Xhibit Corp to form a world class platform of services and relationship. The Phoeniz. AZ based specialty retailer and partner for the loyalty marketplace, Skymall has entered into a merger agreement with a subsidiary of Xhibit Corp, the leading provider for digital marketing and advertising solutions.
Morrisons, the UK supermarket retailer signs 25 year deal with online grocer Ocado. British retail chain Morrison has invested more than GBP200 million for a twenty five year agreement with online grocer Ocado.
ECB cuts interest rates to nearly zero to help bank liquidity amidst the current Eurozone recession.
Shareholders vote for acceptance of TPG offer. In an announcement today by Assisted Living Concepts, Inc. , it was disclosed that its stockholders have voted to accept the earlier disclosed merger agreement with associates of TPG.
Skyword secures new US$6.7 million of capital funding. Skyword announced today that it was able to secure US$6. 7 million at the recently concluded growth capital round headed by Cox Media Group.
Budco announces the acquisition of South Shore Venture Enterprises. In an announcement by the leading company on marketing solutions, Budco, it disclosed today of the purchase of South Shore Venture Enterprise LLC.
Gildemeister has clarified the regulatory website information published as to the plans of Mori Seiki.
Snoro Lizingas UAB purchased from bankrupt Bankas Snoras by LHV Pank AS and RAZfin of Lithuania. Estonian banking group, LHV Pank AS together with RAZFin of Lithuania have agreed to purchase Snoro Lizingas UAB from bankrupt Lithuanian bank Bankas Snoras AB.
SEC Commissioner Gallagher says one cannot outsource their fiduciary duties. According to a high ranking US securities regulator, lawmakers should review the role that advisory firms play during corporate regulations and determine if regulatory measures are necessary to allow them greater roles during the process.
Scarosso, the high end shoe brand, announced that it has raised new funding from its Series A capital round.
Pebble announces the raising of US$15M in funds during Series A capital round. In an announcement by Pebble, the creator of the e-paper smart watch that links to Android smartphones and iPhones, disclosed that it was able to receive US$15 million in Series A growth financing round from Charles River Ventures.
Jain Irrigation and State Bank of India to provide assistance to Indian farmers. The largest lending institution in India, the State Bank of India, is working out a partnership with Jain Irrigation Systems Ltd, the largest irrigation equipment manufacturer in Asia, to provide planned assistance to Indian farms in the reduction of water usage yet at the same time increase productivity.
Corvex and Related Fund have been trying to takeover CommonWealth REIT but has been thwarted by the provisions in the REIT bylaws.
Sun Capital offers Emerald Performance for the tidy sum of US$700 million. Sun Capital Partners, the US private equity firm, is offering to sell specialty chemicals firm Emerald Performance Materials in a deal purportedly worth US$700 million.
Blackstone, believing in the high risk high reward appetite of the market, is creating a fund for the riskiest of trades.
The New York Life Insurance Co is set to divest itself of its Taiwanese business with the sale to be done.
S&P downgrades Berkshire Hathaway from AA plus to AA. Standard and Poor's, the renowned credit rating agency, has announced that it would be cutting Berkshire Hathaway's rating from 'AA plus' to 'AA'.