Data from TrimTabs Investment Research showed that US-listed bond mutual funds and exchange traded funds or ETFs posted outflows of $34 billion in December, Reuters reported.
Sectors
Poland's Multimedia Polska adds cable firm Telektronik
Poland-based digital cable firm Multimedia Polska bought cable operator Telektronik from Reda for an undisclosed amount, making way for the addition of new services to its current portfolio.
Merrill Lynch & Co's Cash Management Account creator Thomas Chrystie passes away
The creator of the Cash Management Account which drove Merrill Lynch & Co to become a full-service financial provider passed away after years of battling Alzheimer's disease.
Carlyle, KKR in talks to acquire Brazilian healthcare firm Fleury for $1.2B
Private equity funds Carlyle Group LP and KKR & Co are in discussion to purchase troubled Brazil-based medical services provider Fleury SA in a deal worth BRL2.9 billion ($1.2 billion), according to three sources familiar with the matter.
Mobileye incorporates Collision avoidance system with Accel's VOYAGER connected car smartphone
Privately-held developer of Advanced Driver Assistance Systems Mobileye partnered with Israel-based Accel Telecom Ltd for the integration of its Collision avoidance system with Accel's VOYAGER connected car smartphone.
Latest News
Israel-based private equity firm Fortissimo Capital has bought one-third of online professional document translation services provider One Hour Translation in a deal valued at $10 million.
The state-owned pension fund of Indonesia plans to boost its holdings in equities and bonds this year in order to improve the company's earnings, Bloomberg reported.
Tech giant Apple has purchases Australia-based startup SnappyLabs, a one-man team behind the photo app that augments iPhone's camera, according to earlier reports by TechCrunch and Recode.
The price of Bitcoin went over $1,000 on Mt. Gox again today after Zynga Inc said it would be accepting the virtual currency, Bloomberg reported.
The $570 million debt settlement offer that will give control of Israel's IDB Holding Corp to Argentine businessman Eduardo Elsztain was approved by a court in Tel Aviv, Bloomberg reported.
Commerzbank is anticipating opportunities to expand its wealth management business after Swiss Credit Suisse Group sold its private bank in Germany to Bethmann Bank last month.
Alitala, Italy's flag carrier, has written to Italian banks UniCredit and Intesa Sanpaolo asking to extend an existing loan agreement by €50 million. This comes on top of the €200 million in bank loans agreed on in October.
JPMSL Copthall Mauritius Investment Ltd. has acquired a little over 1% stake in Cox & Kings by buying 6,84,216 shares on Friday and 8,13,172 shares the day before. Shares in Cox & Kings closed at INR136.15 apiece on Friday's trading.
GlaxoSmithKline has asked for the approval of India's Foreign Investment Promotion Board for its planned acquisition of a 24.33% stake in its Indian arm GlaxoSmithKline Pharmaceuticals Ltd. GSK will fund the stake hike by investing INR6,400 crore.
