Debenhams PLC, Britain's second-largest department store chain, on Thursday announced the resignation of its chief financial officer Simon Herrick. Herrick had quit his post two days after the retail chain issued its second profit warning in less than a year.
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Merger activity rises as markets remain buoyant - report
According to a report by The New York Times, mergers are picking up activity as financial markets worldwide, including the US, are becoming stronger and more stable.
Index shows small businesses in US increase borrowings in November
The Thomson Reuters/PayNet Small Business Lending Index showed that small businesses in the US increased their borrowings in November 2013 compared to that of the previous year, Reuters reported.
Zyden Gentec shares fall as Punjab National Bank offloads its 3% stake
Zyden Gentec Ltd.'s shares fell by 5% to INR15.25 per share after Punjab National Bank's recent stake sale. PNB had sold 335,141 of its shares in the pharmaceutical company, which represents a 3% equity ownership.
Report says Teva Pharmaceutical Industries to name Erez Vigodman as new CEO
TheMarker, a financial news website, said generic drugmaker Teva Pharmaceutical Industries is set to name Erez Vigodman as its new Chief Executive on January 13 at the JPMorgan Healthcare Conference in San Francisco, Reuters reported.
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The top dealmaker for Canadian retail mergers and acquisitions for 2013 is the Royal Bank of Canada, data from Bloomberg revealed. RBC has held the top spot for the third straight year.
The outflows of Jeffrey Gundlach's DoubleLine flagship fund in December last year amounted to $2.08 billion, according to research firm Morningstar's data, marking the seventh month in a row that investors have withdrawn money from the fund.
ARX Equity Partners, a private equity firm based in Czech Republic, has sold its controlling stake in film extruder Ergis-Eurofilms SA. Ergis claims to be the largest film extrusion group in the country.
After leaving digital news publication AllThingsD with owner News Corp, editors and founders Kara Swisher and Walt Mossberg are focused on building its newest online news site venture called Re/code.
Japan Australia LNG Pty, the venture formed by Japanese firms Mitsubishi Corp and Mitsui & Co, will not proceed with a prior deal to buy liquefied natural gas from Woodside Petroleum Ltd's Browse venture.
Pallonji Shapoorji Mistry was said to have earned $2.8 billion last year because of its holdings in Tata Consultancy Services Ltd and significant earnings in his construction group, Shapoorji Pallonji Group.
New York-based mass media company AOL Inc. reportedly sold media player Winamp and music service Shoutcast to Belgian online radio stations aggregator Radionomy. The deal is expected to be closed by the end of the week, said a TechSpot report.
Billionaire Warren Buffet is most likely going to fail in achieving his target for the first time since he took over Berkshire Hathaway in 1965, Bloomberg reported.
Plans to improve oil production facilities in Indonesia are underway to meet rising local consumption of oil and in effect, increasing drilling-related expenses reimbursed by the national government
