Tim Lee sits as chairman for GM’s Chinese unit

General Motors Co appointed Tim Lee as the new chairman of its Chinese unit as it gears up for expansion in its largest single market.


Illinois Tools sees USD6 billion buyback

Illinois Tools Works Inc. looked into buying back USD6 billion shares after investor Ralph Whitworth placed the company under pressure to increase its profit.

Terra Firma agrees selling Phoenix Energy to Hastings Funds

Terra Firma Capital Partners agrees to sell its gas distribution company to Hasting Funds Management Ltd for a deal valued at GBP7 million.

Barclays’s Donini to step down from office

Barclays Plc's COO Jerry Donini will step down from office making him the last of former CEO Robert Diamond's management team to leave the investment lender.


Latest News

ValueClick's shares plunged by 17% after the corporation missed the expectations of Wall Street.
Today, Actuant Corporation announced signing a deal to acquire Viking SeaTech for USD90 million. Actuant Corporation was established in 1910 and operates as a diversified industrial company with businesses in more than thirty countries.
Yes Bank Ltd announced that they are in the market to secure a US$250 million refinancing deal for the company's loans.
Google's Motorola Mobility launched the Moto X smartphone to revive the business. Today, the Motorola Mobility unit of Google Inc launched its flagship Moto X smartphone with customizable colors.
Crossroads C&I closed its buy of GlassCell Isofab, a Canadian thermal and acoustical insulation products distributor and fabricator.
Immofinanz announced that they are currently looking into the acquisition of more than 900 homes located in the northern part of Germany.
The federal and state regulators proposed remedies for Apple Inc's e-book price-fixing. On Friday, the US Department of Justice and 33 US states said that Apple Inc deserved a five-year ban from participating in anti-competitive e-book distribution deals.
Kabe Exploration announced today that it will invest in its joint venture partner International Equity Partners Oil and Gas Inc.
Pret A Manger, with the help of private equity firm Bridgepoint, acquires GBP375 million from debt recapitalization.
Indian Angel Network invested in IndiaCollegeSearch, an online search engine dedicated for Indian educational institutions.