Glass Lewis joins ISS in supporting the split of Timken into its bearings and steel businesses. Glass Lewis, the activist proxy advisory firm, had told its Timken Co shareholders that the non binding proposal to break up the company's ball bearings and steel business is a good move.

GSK to sell off Lucozade and Ribena. GlaxoSmithKline (GSK) is going to sell its soft drink brands Ribena and Lucozade. The decision may result in GBP1.

In a warning report, Reuters has found that debt issuances by companies have reached near 2007 levels.

The fashion website Zalando continues in its growth path leaving the competition behind. German online retailer Zalando has announced that their firm would keep its focus in getting core markets to break a profit despite speculation that the fashion website would be listing itself by early 2014.

Noble Investment Group exceeds investment funding target. The Noble Investment Group was very pleased to disclose the success of its latest investment fund round.

Vaportherm receives US$29 million for its financial round. In a press release, it was disclosed that Vaportherm closed a US$29 million financial round last 12th of April 2013.

Citi hires Ben Story, former head of Deutsche Bank. Former Deutsche Bank head Ben Story has been appointed by Citigroup to become head of UK Investment Banking and Brokerage.

Rwanda prices Eurobond offer capped at US$400 million. The Republic of Rwanda, with a rating of B/B has offered to the market a ten year Euro denominated bond with a reoffer price of Eur98.

Continental Grain Co has criticized the continuous reply of Smithfield Foods. One of the biggest shareholders in Smithfield Foods Inc, Continental Grain Co has urged the meat company to add three new directors to its existing board.

Arabtec has gained approval for the purchase of 45% of EFECO from its shareholders. Arabtec would be purchasing 45% of Emirates Falcon Electromechanical Co or EFECO shares that the Dubai based builder does not already own.

Emirates NBD has repaid its bailout funds in the amount of 3 billion UAE dinars. Dubai's largest financial institution, Emirates NBD has repaid for April the amount of 3 billion UAE Dinars or US$816.

At the opening of market trading, Vodafone shares increased in light of rumored buyout offer from Verizon.

IHSI shares are now publicly traded in OTC Bulletin Board. The board of Intelligent Highway Solutions Inc has announced that shares of stock under the ticker symbol IHSI has been traded publicly in the OTC Bulletin Board.

Kawasaki Heavy Industries is open for merger option but has not made formal moves despite report from Nikkei newspaper.

In a surprising move, Ramky Enviro has suspended the scheduled IPO citing 'tepid market conditions.'

Potash Corp of Sasketchewan has formally withdrawn its takeover bid over Israel Chemicals. The Potash Corp of Saskatchewan Inc has cancelled a proposed takeover bid for Israel Chemicals Ltd after criticism of the deal was made by workers and politicians alike.

SDA rates cut by Bangko Sentral ng Pilipinas to limit inflows and increase outflows. For the third time this year, the Philippines has cut rates it pays on special deposit accounts in an effort to curb capital inflows and prevent asset bubbles.

Royal KPN is now selling shares at 62% value of closing price in the Dutch bourse last Thursday. Royal KPN NV is in the process of conducting a Eur3 billion or US$3.

Baidu has acquired PPS Net TV as reported by China Business News. The largest search engine of China, Baidu Inc is now processing the acquisition of PPS Net TV, a Chinese online video company.

Arseus acquires Freedom Pharma to create a global niche for drug compounding. Arseus, in an announcement, made public its acquisition of Freedom Pharmaceuticals.

The neighbors at the Formosa Strait are now in agreement as to oil and gas explorations in Myanmar. Sinopec Group, the largest Asian oil refiner, had announced last Thursday that it had entered into an agreement to sell its 30% shareholdings in an oil and gas block located in Myanmar.

With the T-Mobile USA and MetroPCS Communications deal, Deutsche Telekom finds a way to stage a comeback into US markets.

Atos is seeking for a minority investor for its electronic payments unit. Atos, a French computer services firm, has received informal bids from potential partners for its new electronic-payments unit.

Infosys, the paragon of market guidance, has now experienced the shock of falling share values because of failed earnings expectations.

Nexstar and Mission Broadcasting acquire television stations from Communications Corporation of America and White Knight Broadcasting.

Despite Nikkei highs, two major companies report losses for the period. The Nikkei index of Japan is now nearing a five year high as the share average jumped higher in the day's trading.

Verizon Communications has hired banking and legal advisers in preparation for a possible US$100 billion bid for Vodafone Group shares in their joint venture.

Integrated Asset Management Group and its affiliate closes US$15 million loan for Skyline Blue Mountain Village.

Wood and pulp producer Georgia-Pacific purchases Buckeye Technologies for US$1.45 billion. The US paper and pulp producer Georgia-Pacific LLC has agreed to purchase Buckeye Technologies for the price of US$1.

Intel Capital leads US$12 million fund round for Gengo, the translation company. Gengo announced today that its recent funding round closed US$12 million additional funding.