Telefonica's merger with German KPN unit has posed a dilemma to the European Commission. Telefonica SA (TEF) and Royal KPN NV are testing European regulatory stipulations with their upcoming merger of mobile-phone units in Germany.
Sectors
TwinFocus establishes Private Equity unit
TwinFocus stated that it had established a Private Equity unit and brought in Orlando Mendoza to lead the newly formed unit.
Investel to buy Coastline Broadcasting
Investel Capital agreed to purchase British Columbia-based Coastline Broadcasting. Investel Capital Corp. , an investment fund with offices in Toronto and Vancouver, agreed to purchase British Columbia-based cable television provider Coastline Broadcasting of Black Creek for an unspecified amount.
Colonial Savings Appoints Davis DFW Commercial Bank President
Colonial Savings puts a financial services veteran as new DFW Commercial Bank President. Colonial Savings has named veteran financial services professional Brent Davis as the new DFW Commercial Bank President.
Summerhill rounds up Working Capital Exchange C2FO total to $18 Mln
Summerhill joins several investors in bringing up C2FO's total to USD 18 million, Canada-based Summerhil; Venture Partners has joined investment firm Mithril in raising C2FO growth funding to a total of USD 18 million.
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NatureBox Inc received USD 8.5 billion from investors Softbank Capital and General Catalyst Partners.
Vivendi SA is in talks with Emirates Telecommunications concerning its 53 percent stake in Maroc Telecom.
Snow leopards are being threatened by global cashmere demand. In the last two decades, the demand for cashmere almost tripled. UK was one of the top importer of cashmere, which was a multi-million dollar industry.
Messaging service provider Hall received USD 5.5 million from new and existing investors in series A funding.
Raising a prince was basically like raising ordinary children, except much expensive. The Duchess of Cambridge finally gave birth to a son, the prince of Cambridge, who was third in line to the throne.
Investors have now raised their longer-dated Treasuries after Bernanke appeased their worries. After Federal Reserve Chairman Ben Bernanke appeased worries about increasing interest rates, investors have now raised their holdings of long-dated Treasuries.
The Bank of Cyprus is thinking of restructuring its operations into retail and asset management. The Bank of Cyprus is considering the possibility of splitting its operations as part of its restructuring scheme.
PacWest Bancorp agreed to purchase CapitalSource for $2.3 billion in cash and stock. PacWest Bancorp (PACW), a California-based bank holding company, has agreed to buy commercial bank CapitalSource Inc.
The chairman of Vodafone said that he will seriously consider Verizon's offers for a buy out for as long as it gives value for its shareholders.
