Proctor & Gamble employed a Bollywood actress as new ambassador. (Photo : Reuters)Bollywood is a very influential industry in India. Proctor & Gamble employed a new strategy as it tries to penetrate the stronghold of Colgate Palmolive Co.
Sectors
Banks to follow Goldman Sachs retail market hedge fund
A research analyst said that investment banks are eyeing a launch of hedge funds targeting the retail sector.
Actis Capital Gives Majority Stake Over To Illinois Tool Works Inc.
Actis Capital sold majority stake of Vesta to Illinois Tool Works Inc. (Photo : Reuters)This is the logo of Illinois Tool Works Inc. , which acquired Vesta, a Chinese kitchen equipment maker.
Batista quits MPX
Brazilian billionaire resigned from his company, MPX Energia. (Photo : Reuters)This is Brazilian billionaire Eike Batista. Brazil's richest man Eike Batista said today that he resigned as the chairman of MPX Energia SA.
US Stock Market, Best Place to Invest
The US stock market was the best-performing market and thus, the place to invest. (Photo : Reuters)The image shows traders at the New York Stock Exchange.
Latest News
FlyDuba said that AirBus and Boeing are in an 'open race' to supply them 50 narrow body aircrafts.
BlueCrest Capital Management's BlueTrend hedge fund slumped by 16.9% that was expected to reflect a US$2.7 billion loss in the main fund.
Idinvest's Prosensa Holding held its first trading day on the Nasdaq. (Photo : Reuters)This is the logo of Prosensa. Prosensa Holding, a biotechnology and life sciences firm from the Netherlands, initiated its first trading day on the Nasdaq New York.
Impetus Trust and PEF formed a new charity as they merged today. (Photo : Reuters)These is the logo of Impetus - PEF. Impetus Trust and The Private Equity Foundation announced today that they have merged, creating a new charity called Impetus - the Private Equity Foundation.
Brazil increased bid price for Libra, the world's largest oil find from US$4.6 billion to US$7 billion.
MTV Italy, which is owned by Telecom Italia Media, was sold to Viacom International Media Networks for Eur 10 million.
Fitch ratings for the transport infrastructure sector was mostly Stable Outlook. (Photo : Reuters)The image shows a building of Fitch Ratings, a global rating agency.
Yahoo's acquisition of Xobni was below its valuation and barely covered the amount venture capitalists invested.
Naftogaz is renegotiating its obligations with Gazprombank. (Photo : Reuters)The image is natural gas fuel burning in a stove. The national oil and gas company of Ukraine, Naftogaz, is undertaking negotiations to extend the demandable maturity date that it owes Gazprombank of Russia.
