Business software maker Oracle Corp, which is seeking to expand its cloud business, has agreed to buy Israeli cloud software company Ravello Systems, the two firms said on their websites on Tuesday.
2 min read · 23 February 2016
Equity funds that can profit from both rising and falling markets and rivals betting on macroeconomic trends are expected to outperform in 2016, a Deutsche Bank survey of hedge fund investors managing US$2.1 trillion in assets showed. Over half of investors felt the United States/Canada would be in their three best-performing regions.
1 min read · 23 February 2016
Canada's Brookfield Asset Management Inc (BAMa.TO) and its Australian rival are weighing a joint A$9 billion ($6.5 billion) bid for Australia's biggest rail and port operator, an unusual measure aimed at ending the fiercest takeover battle now raging in the Asia Pacific after seven months.
2 min read · 23 February 2016
Brookfield Asset Management and its rival are weighing a joint US$6.5 billion bid for Australia's biggest rail and port operator, a measure aimed at ending the takeover battle that has raged for seven months, Reuters reported. Target business Asciano Ltd revealed that Brookfield and the company it has been bidding against, Australia's Qube Holdings Ltd, have entered talks about a possible joint offer.
3 min read · 23 February 2016
Alken Asset Management, one of the biggest shareholders of hard-disk drive maker Western Digital Corp, has asked the company to consider cancelling its deal to buy SanDisk Corp, citing a high purchase price, Reuters News reported.
1 min read · 23 February 2016
Alternative asset manager Carlyle Group LP said on Monday it would shut its hedge fund-of-funds manager Diversified Global Asset Management Corp (DGAM), two years after it added the unit to its investment platform.
2 min read · 23 February 2016
German wind turbine maker Senvion plans to list on the Frankfurt stock exchange in the first half of this year, it said on Monday, seeking funds to finance expansion overseas.
2 min read · 23 February 2016
Debevoise & Plimpton has recruited former Securities and Exchange Commission enforcement attorney Julie Riewe to serve as a partner for the firm's white collar and regulatory defense practice, Reuters News reported.
2 min read · 22 February 2016
Epiq Systems Inc is in new talks to sell itself, as a drop in the value of the U.S. legal software company's shares has made it attractive to potential buyers, Reuters News reported.
2 min read · 22 February 2016
Logistics company ZTO Express is planning a U.S. initial public offering that could be the biggest U.S. listing by a Chinese company since ecommerce giant Alibaba Group Holding Ltd's (BABA.N) $25 billion IPO, the Wall Street Journal reported.
1 min read · 22 February 2016
