GM rejoins S&P 500 replacing H.J Heinz Co. H. J Heinz Co. will be replaced by General Motors Co. (GM) in the Standard & Poor's 500 Index. This is after the trade closing on June 6.
Sectors
MAA to Buy Colonial Properties Trust for US$2.17 Billion
Mid-America Apartment Communities Inc. announced to buy Colonial Properties Trust for US$2.17 billion.
Two Courts Issued TRO for Royalty Pharma Bid on Elan
Two separate courts issued temporary restraining orders, restricting Royalty Pharma to bid for Elan.
Generali Sells Reinsurance Business to Scor
Generali agrees to sell its reinsurance business to Scor for EUR 579 million. Last Tuesday, Generali announced its agreement to sell its US life reinsurance business to Scor.
Asian Stocks, Swinging from Gain and Losses
Asian stocks swing from gains and losses while the US manufacturing unexpectedly contracted. Asian benchmarked stocks swung between gains and losses regardless of the optism that the Federal Reserves will keep its record of monetary stimulus.
Latest News
Australian surfwear company Billabong ended takeover talks and looks at its refinancing options instead.
President Xi Jinping offered a total of US$3 billion loans to 10 Caribbean nations however no direct confirmation was made by the Chinese government.
Sprint overthrows US$3.40 bid per share of Dish to a US$4.40 bid per share for Clearwire. (Photo : Reuters)People passing by a Sprint store in NYC. Sprint Nextel Corp has urged Clearwire Corp to reject the offered bid made by Dish Network.
AIG, GE Capital and Prudential Financial confirm receipt of notification for regulatory oversight. (Photo : REUTERS)American International Group Inc, the insurer rescued by the U.
Steven A. Cohen is at the brink of cutting down a number of his staff after more investors are expected to pull out their money.
Deutsche Annington is reportedly set for a market listing around July 4, a reliable source said on Monday.
Intercontinental Exchange Inc and NYSE Euronext has officially merged into a $20 billion worth company after their respective shareholders unanimously approved the deal on Monday.
Shire Plc (SHP) pulled off a settlement agreement with Teva Pharmaceutical Industries Ltd. (TEVA), enabling the later to manufacture cheap generic copies of Intuniv.
IVG, the German property firm, is planning to present a restructuring plan to its shareholders for debt repayment.
