JBS buys Seara Brasil and Zenda from its rival Marfrig

Marfrig gets rid of it $6.1 billion debt burden, through JBS buy-out. (Photo : REUTERS)JBS employee Seara Brasil and Zenda, Marfrig's subsidiaries are sold to its rival JBS.


Petronas Sees US$20 Billion Investment for Canadian LNG project

A US$20 billion investment is expected by Petronas for its LNG project with decisions to be finalized within this year.

Fannie Mae Shareholders Challenge US Takeover

Fannie Mae and Freddie Mac challenged the US through a lawsuit filed in the US Court of Federal Claims after stating that the takeover of the Federal Housing Finance Agency in 2008 was illegal and damaging to the companies.

Lululemon CEO to Retire

Lululemon Chief Executive Officer Christine Day is said to depart from the retail company after recent departure of the firm's chief product officer.


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Las Vegas Sands Corp asked trial judge in Nevada to cancel the US$101.6 million verdict award in favor of businessman Richard Suen.
Telus drops plans to buy-out Mobilicity. (Photo : REUTERS)Canada's 2nd largest wireless company The transfer of the license for Mobilicity's wireless spectrum to Telus was declined.
Japan's SoftBank announced on Monday an increase in their initial offer to counter bid by Dish Network.
Billionaire Lucio Tan is considering to exit the aviation industry by means of share sale after two decades in the business.
The Reserve Bank of India (RBI) fined three banks that includes Axis Bank, HDFC Bank and ICICI Bank for violating the "know your customer" policy.
Rio Tinto received numerous interested parties to purchase its stake after announcing to raise funds for debt payment.
Robert Ramnarine, former Bristol-Myers executive pleaded guilty to the insider trading charges filed against him.
Oil and Natural Gas Company (ONGC) India withdrew its statement last Monday after announcing a deal with Rovuma Area 1 in Mozambique.
The US Stocks were able to end up with little changes on Monday after the country's credit outlook was revised from negative to stable.
The following bids, mergers, acquisitions and disposals were reported on Monday. The following bids, mergers, acquisitions and disposals were reported on Monday.