On Friday, Vivus Inc said that three of the nine people were recommended to the company’s board of directors by First Manhattan Co’s proxy advisory firm, ISS.
Sectors
Ding Xuedong, New Chairman of Sovereign Wealth Fund CIC
China appointed Ding Xuedong as the new head of the country's sovereign wealth fund. Ding Xuedong was appointed as head of China's sovereign wealth fund.
Batista Halts Mine Operations to Save Empire
Billionaire Eike Batista halted operations in iron-ore mine Corumba to save his empire’s commodities.
Conergy fails to get US$338 million deal, files for bankruptcy
Conergy filed for insolvency after failing to get a deal with an investor who would finance its debts and operations.
Mobius Looks At Private Equity as Way to Access African Growth
Mark Mobius, CEO of Templeton Emerging Markets Group said that he has considered tapping growth in African emerging markets through private equity investments.
Latest News
Vodafone Group PLC was expanding its enterprise in Africa with the hope to provide better service in the nation after earning Euro 1 billion.
CleanTech will be changing its name to EQCO2 to better reflect its objectives and operations. CleanTech Transit, Inc. announced that it would change its name to EQCO2, Inc.
EQT hired Morgan Stanley for the sale of Swedegas, a Swedish gas grid operator, for a deal valued at Eur500 million.
British Land Co. bought assets worth GBP470 million equivalent to US$707 million in a land adjacent to London's Paddington Station.
3i and Allianz Capital Partners considered putting the auction for Scandlines on hold after failing to agree on a price with the remaining bidder.
Banks computed risks differently, according to Basel Committee. The Basel Committee said that results of its study show variations in how 100 banks compute risk.
The International Monetary Fund approved Pakistan's US$5.3 billion loan to help the nation stabilize its struggling economy.
Japanese consumer electronics company Panasonic announced acquisition of stake at Gorenje, one of the largest household appliance makers in Eastern Europe.
Higher US bond yields were good news for investors. According to Mike Howell of CrossBorder Capital's managing director, "A steepening yield curve in almost every occasion is a response to improved economic times.
