Today, Walker Digital and GlobalOptions Group announced that the two firms had completed its previously agreed merger which formed the new entity called Patent Properties Inc.
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Approvals of new swap execution facilities issued by CFTC
The Commodities Futures Trading Commission had announced the approval of the applications to operate swap execution facilities for TruEX Group LLC and IntercontinentalExchange Inc.
Tata Group signs MOU with Singapore Airlines
A memorandum of understanding was finalized between Tata Group and Singapore Airlines leading the way to the formation of a new airline to service the Indian market.
Eurus Energy buys wind farm in Uruguay
The Minas wind farm in southeastern Uruguay was purchased by Eurus Energy, a jointly owned company by Tokyo Electric and Toyota Tsuhu.
Swedbank projects great mergers and acquisitions possibilities in the market
Kloevern AB gained the most after the firm was upgraded in status by Swedbank AB. The shares of Kloevern AB had jumped its highest in nearly five months in Stockholm trading.
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The tripartite auto manufacture promises to corner 40% combined share of the Russian market. The partnership between Renault SA and Nissan Motor Corp had resulted in the creation of a parts procurment venture with Russia's largest automaker, OAO AvtoVAZ, This is one cost cutting measure as all three are seeking to expand their markets through a three way tie-up.
CME planning to create a platform SEF from the CFTC. The world's largest futures market, the CME Group Inc, had applied to create a new kind of platform known as a swap execution facility and this would focus on trading commodities derivatives.
Morgan Creek Capital Management opened a new class of fund called Morgan Creek Tactical Allocation to allow retail investors access to exclusive investment portfolios.
Perion Network's share prices declined as the promised premium for the merger was lost. The share price for the Perion Network Ltd had its largest decline in more than three years as its investors were disappointed with the lack of a premium for its merger with Conduit Ltd's Client Connect business.
In its latest funding round, Okta raised USD27 million from investors headed by Sequoia Capital. In an announcement, Okta said it had completed a Series D funding round where it raised a total of USD27 million.
The experience of some Muslim dominated countries as to tapping Islamic pension funds for capitalization had reaped benefits.
Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.
Tata Capital had been planning to launch a private equity fund in the African region. Tata Group's financial services unit, Tata Capital had been planning to launch an Africa-focused private equity fund.
Virgin Mobile Middle East and Africa had introduced new telecom services in Malaysia. Virtual telecommunication services in Malaysia was recently launched by Virgin Mobile Middle East & Africa in partnership with the Southeast Asian countries fourth largest telecoms operator U Mobile.
