The U.S. Justice Department is probing Morgan Stanley for its hiring practices in China. The move comes as U.S. authorities expand their investigation into whether banks' hiring of politically connected Chinese employees may have breached U.S. bribery laws.
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CVS Caremark to acquire Coram infusion for USD2.1 billion from Apria Healthcare Group
CVS Caremark announced on Wednesday that it will be consolidating the Coram infusion business once the acquisition deal with Apria Healthcare Group will be finalized.
Indian company Bikaji Foods to auction off a minority stake, Tano Capital most likely to win - sources
Private equity firms who had been in talks with Bikaji Foods International were Norwest Venture Partners, Sequoia Capital, Lighthouse Capital and Tano Capital, three unnamed sources told The Economic Times.
FromAtoB gains seven-figure Series A funding to expand reach in international and mobile markets
German multimodal journey planner startup FromAtoB received a seven-figure Series A investment from investors French venture capital firm Seventure Partners and Chief Executive Officier of Ecommerce Alliance Daniel Wild.
UK economy recovers, credits house building and investments
New data released by the the Office for National Statistics in London today indicated a brighter economic outlook in the UK, thanks largely to an increase in business investments and home constructions.
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Cable and telecommunications investor Altice's acquisition of Orange Dominicana SA was made in order to expand its already growing empire in the media business in the Dominican Republic.
Royal Bank of Scotland said it sold its remaining stake of about 20 percent in WorldPay to the payment processing firm's majority shareholders, private equity firms Advent International and Bain Capital.
Vincent Bollore will be elected as the new Chairman of the Paris, France-based company Vivendi SA after the spin-off of its telecommunications business will be finalized.
China Everbright Bank Co is set to raise USD 1.5 billion in its initial public offering in Hong Kong, based on calculations done on the lender's sale document.
Moncler will be making a second attempt at an IPO, and is seeking to raise EUR 783 million or USD 1.1 billion in the share sale. Moncler is an Italy-based maker of ski wear.
As the new administration under Prime Minister Erna Solberg reviews the current investment mandate of its USD800 billion wealth fund, top officials like Norway central bank Governor Oeystein Olsen were pushing for a diversification of investments.
Florence Yip Chiu Kwai-fong, a member of the Financial Services Development Council, said the Hong Kong government needs to make changes in the law that will allow private equity funds to be set up as limited partnerships to enhance the city's fund industry.
In order to improve its finances and increase profits, European insurer Assicurazioni Generali said it plans to cut costs further by 2015 and bring down debt.
Rumors of coercion by the Russian government and President Vladimir Putin on local wealthy industrialists had been shut down by Deputy Prime Minister Dmitry Kozak, who said the moguls enjoyed good deals out of their investor participation for the 2014 Winter Olympics.
