News by Industry

Financial Markets

Releases published in the last 30 days.

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We’ve launched our China SME Confidence Index
We’ve launched our China SME Confidence Index
9/18/2014 4:20:48 PM
Standard Chartered today launched its China SME Confidence Index (SMEI). Initially launched in October 2011 as the first confidence index targeting SMEs developed by an international bank in China, SMEI has been substantially revamped in order to give a deeper understanding of the activity and sentiment among small and mid-sized Chinese companies. SMEI is designed to provide …
Graystone Consulting Expands Presence in the Midwest and Adds Institutional Consulting Team
9/18/2014 4:11:51 PM
Based in Birmingham, MI, the team includes two Institutional Consulting Directors: Brian and Tim Brice, both Managing Directors.  They will be joined by Rebecca Wolfe, Vice President and Group Director; Ray Fortin, Vice President and Business Development Director;  Stephanie Mills, Institutional Consulting Associate; Diane Roegner, Senior Client Service Associate and Julie …
Allianz repositions its commercial P&C business in the United States
Allianz repositions its commercial P&C business in the United States
9/18/2014 1:23:47 PM
The Fireman’s Fund commercial property and casualty (P&C) business will be integrated into Allianz Global Corporate & Specialty (AGCS), the global corporate insurance company of Allianz. The integration further strengthens the Allianz brand in its US commercial P&C business. This move follows the 2009 transfer of the Fireman’s Fund Marine business to AGCS, …
Toshiba to Restructure PC Business to Secure Consistent Profit
9/18/2014 10:51:57 AM
Toshiba Corporation (TOKYO: 6502) today announced that it will accelerate the restructuring of its PC business to focus on the profitable B2B field,  and to control volatility in the B2C business by significant downsizing measures, including withdrawal from certain B2C markets. These moves are expected to support the business in securing consistent profit in the future. In the …
FedEx Corp. Earnings Surge in the First Quarter
9/17/2014 11:22:04 AM
FedEx Corp. (NYSE: FDX) today reported earnings of $2.10 per diluted share for the first quarter ended August 31, up 37% from last year’s $1.53 per share. “FedEx Corp. is off to an outstanding start in fiscal 2015, thanks to very strong performance at FedEx Ground, solid volume and revenue increases at FedEx Freight and healthy growth in U.S. domestic volume at FedEx Express,” …
Hans van der Noordaa to leave ING to become CEO of Delta Lloyd
9/16/2014 10:57:57 AM
Hans van der Noordaa, member of the Management Board Banking will become the Chief Executive Officer of Delta Lloyd N.V. as of 1 January 2015. He will therefore step down from the Board per 1 October 2014. Hans van der Noordaa was appointed to the Executive Board of ING Group in April 2006 and in 2009 became a member of the Management Board Banking with responsibility for …
IFC Invests in Virgin Mobile to Expand Affordable Access to Broadband Mobile Services in Central and Eastern Europe
9/16/2014 8:53:12 AM
IFC, a member of the World Bank Group, together with the European Bank for Reconstruction and Development (EBRD), Delta Partners Emerging Markets TMT Growth Fund II, and CEE Mobile Capital LLC (spearheaded by Dick Kiphart of KGC Capital LLC), will provide €40 million of growth capital to Virgin Mobile Central and Eastern Europe (VMCEE) to boost access to affordable broadband …
Robert A. Needham, JD releases Collaborative Commonwealth, a Detailed Reformation of US Economics and Governance
Robert A. Needham, JD releases Collaborative Commonwealth, a Detailed Reformation of US Economics and Governance
9/15/2014 8:25:25 PM
September 15, 2014 – Robert A. Needham, JD, President of Spectrum Advanced Markets, Inc. with over 27 years of Advisory, Management, and Consulting to small and large businesses including over 300 business concepts in 90-plus industries, has released what may become a major catalyst in the reformation of US economics and governance titled, Collaborative Commonwealth. In …
Funds advised by Apax Partners agree to sell their majority stake in the TriZetto Corporation to Cognizant Technology Solutions
9/15/2014 1:17:04 PM
Funds advised by Apax Partners (“Apax”) today announced that they have agreed to sell their majority ownership stake in the TriZetto Corporation (“TriZetto”).  TriZetto, a provider of world-class healthcare information technology and service solutions, will be sold to Cognizant Technology Solutions Corp (“Cognizant”) for $2.7 billion in cash, subject to customary adjustments. …
Geneva Ukraine Initiative: Business Leaders from Ukraine, the Russian Federation, Europe and the United States work out common ground principles
9/15/2014 1:14:28 PM
A select group of top global business leaders from Ukraine, the Russian Federation, Europe and the United States met in Geneva on September 14th to discuss the conflict in Ukraine. The group aligned around a common approach,  summarized in 10 proposals , to help resolve the conflict and advance the reconciliation process, focused on re-establishing collaborative relations …
Minecraft to join Microsoft
9/15/2014 11:18:36 AM
Microsoft Corp. today announced it has reached an agreement to acquire Mojang, the celebrated Stockholm-based game developer, and the company’s iconic “Minecraft” franchise. The Mojang team will join Microsoft Studios, which includes the studios behind global blockbuster franchises “Halo,” “Forza,” “Fable” and more. Microsoft’s investments in cloud and mobile technologies will …
Bosch intends to acquire all shares in ZF Lenksysteme
9/15/2014 9:37:22 AM
ZF Lenksysteme: approximately 4.1 billion euros in sales, more than 13,000 associates in eight countries in 2013 Sales of electric steering systems growing Products for more efficient, automated, and connected vehicles Bosch is planning to increase its stake in ZF Lenksysteme GmbH (ZFLS) to 100 percent. On September 15, 2014, Robert Bosch GmbH and ZF Friedrichshafen …
The Attachmate Group Enters into Agreement to Merge with Micro Focus
9/15/2014 9:08:36 AM
The Attachmate Group a privately-held software holding company owned by an investment group led by Francisco Partners, Golden Gate Capital, Elliott Management and Thoma Bravo, today announced that it has entered into a definitive agreement to merge with Micro Focus. The transaction is expected to close on November 3, 2014. It is subject to customary closing conditions, …
Electrolux leads Household Durables in Dow Jones Sustainability Indices
9/12/2014 5:28:09 PM
Electrolux has been included in the prestigious Dow Jones Sustainability World Index (DJSI World) for 2014, and retained its position as Industry Leader in the Household Durables category for the eighth consecutive year. In this annual assessment, published by RobecoSAM, Electrolux was also included in DJSI Europe. “Sustainability is an integral part of the Electrolux …
Merrill Lynch Study Finds Health Is the Cornerstone of a Happy Retirement, and Greatest Financial Worry
9/12/2014 4:21:56 PM
New Merrill Lynch research, conducted in partnership with Age Wave, finds that 81 percent of retirees cite health as the most important ingredient to a happy retirement, followed by financial security (58 percent), loving family and friends (36 percent), and having purpose (20 percent). The research explores three major forces that are redefining how individuals plan for …
Santander and American Express Announce Partnership to Issue Credit Cards in Mexico
9/12/2014 12:26:16 PM
Santander and American Express today announced a partnership to launch the Santander American Express® Credit Card in Mexico. This card offers an innovative way for Card Members to quickly earn rewards on their daily purchases. The new Santander American Express Credit Card, issued by Santander, focuses on rewarding Card Members for their daily spending in department stores … Announces Series A Funding Round Led By Discovery Communications; Raises Just Under $5 Million
9/12/2014 10:41:42 AM
The Dodo announced today a $4.68 million Series A funding round led by Discovery, with participation from existing investors SoftBank Capital, Greycroft Partners, RRE Ventures, Sterling Equities and Bruce Wilpon. The company previously raised a $1 million seed round in September 2013, led by Lerer Hippeau Ventures, with participation from SoftBank Capital, Greycroft Partners, …
Telogis Announces Strategic Investment from Fontinalis Partners
9/12/2014 10:02:14 AM
Fontinalis Partners, LLC, a Michigan-based strategic investment firm, announced today that it has invested in Telogis, Inc., a global provider of cloud-based software products and services designed specifically for companies with mobile workers, vehicles and other mobile assets. Telogis’ solutions, mobile applications and professional services help companies improve …
Alliance Data to Acquire Ad Tech Leader Conversant for Approximately $2.3 Billion
9/12/2014 9:57:31 AM
Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, and Conversant, Inc. (NASDAQ: CNVR), a leading digital marketing company, today announced the execution of a definitive agreement whereby Alliance Data will purchase Conversant. Under the terms of the agreement, Alliance Data will acquire all outstanding …
PSE, Philam Foundation partner for a school building project in Cebu
PSE, Philam Foundation partner for a school building project in Cebu
9/11/2014 6:56:03 PM
The Philippine Stock Exchange (PSE), through the PSE Foundation, has partnered with Philam Foundation for a school building project in Bantayan Island, Cebu, one of the areas severely affected by Typhoon Yolanda. The PSE will use a portion of the donations it gathered from ASEAN stock exchanges and trading participants to fund the construction of a one-storey two-classroom …