Rumors of the sale of UBS wealth management subsidiary quashed by CEO remarks. This was the statement from Chief Executive Officer Sergio Ermotti when asked if UBS was planning to sell its wealth management arm.
Tags: CEO
KKR Appoints New Leadership in Japan
KKR appoints Hirofumi Hirano as CEO and MD while former CEO and MD Shusaku Minoda becomes chairman.
Dell Would Walk Away if other Deals Accepted
Dell would walk away if he is not retained as CEO. Michael Dell, in a statement, would only consider a buyout plan with Blackstone Group if the private equity guarantees that he remains as its CEO.
Toys R Us Withdraws IPO Proposal
Due to internal issues and weak market conditions, Toys R Us withdrew its IPO proposal. Toys R Us Inc formally withdrew its initial public offering proposal last Friday.
Shire Makes Second Ophtha Purchase
Shire pay US$160 million for SARcode Bioscience. Shire recently announced its purchase of privately owned US biotech firm SARcode Bioscience. The acquisition was worth US$160 million and central to the deal is the rights over a new drug in the late stages of development that helps cure dry eye disease.
Latest News
Xstrata CEO to set up private mining fund when he leaves company after Glencore takeover. After Glencore International takes over Xstrata Plc, former top management of Xstrata are planning their next move.
Apple Inc executives met with Beats LLC executives for Project Daisy. Apple Inc, after its shareholder meeting, is now keen on doing business and one of its projects is its current discussions with Beats Electronics LLC.
Arabtec to have bond issue and share sale to raise capital for 2013. Arabtec, the Dubai based construction firm went through a major management shakeup last week.
Best Buy closes chapter on Schulze takeover bid. With the clock passing on the deadline for the Richard Schulze offer to be filed, Best Buy is now going with the turnaround plan proposed by current CEO Hubert Joly.
Barnes and Noble Chairman to decide future of the book retailer. A bloc stakeholder in Barnes and Nobles retail stores, Liberty Media Corp, has said it has the power to veto a sale of assets of the company.
Man Group revamp seen to buoy Fund recovery. Man Group is depending its future on its fund manager AHL as it reports its current status as the leadership of new CEO Emmanuel Roman begins.
Endo gains strength with new CEO. The share values of the maker of the popular Percocet, Endo Health Solutions Inc increased after a month in the doldrums after the announcement of the appointment of its new CEO.
