Several big vendors including Red Hat, Oracle, Cloudera and Citrix have made announcements this week that show software support is on its way for 64-bit ARM hardware The companies all announced development plans for 64-bit ARM hardware. ...
Tags: 64 bit, ARM, Citrix, hardware, Oracle, Red Hat, software
THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
The US conglomerate Illinois Tool Works is set to sell a 51% stake in its Decorative Surfaces division to the private equity firm Clayton, Dubilier & Rice (CD&R). ITW and CD&R announced that an agreement to this effect had been signed on 16 ...
Interbrand Releases 13th Annual Best Global Brands Report Despite the current economic landscape, all of the luxury brands in the 13th annual Best Global Brands report released by Interbrand increased their brand value. As the meaning ...
Tags: Brand, Louis Vuitton, Gucci
The facility, initially planned for an amount of Euro 1 billion, was significantly oversubscribed with bank commitments reaching in excess of Euro 2.2 billion. This enabled Saint-Gobain to increase the size of the facility to Euro 1.5 ...
Tags: credit facility, construction markets, building materials
The two companies will form a combined company to create a global provider of device lifecycle services and applications for the mobility industry Technology distributor and supply-chain services provider Ingram Micro has signed an ...
Tags: lifecycle services, Ingram Micro, wireless industry, BrightPoint
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: insurance-claims, CVC Capital Partners, Fairfax, insurer
The US Department of the Treasury has launched an underwritten public offering of $18bn of its American International Group (AIG) common stock, of which AIG is likely to purchase $5bn of the stock at the initial public offering price. The ...
Tags: Treasury, American International Group, underwriters, sale of securities
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: CVC, Bes, board of directors, insurance
American International Group (AIG) said that the US Department of the Treasury has set an offer price of 30.50 per share for its 163,934,426 shares. The recent move to offload the AIG's share is a step ahead to free the money, it invested ...
Tags: American International Group, underwriter, Stock, insurance
Research-based pharmaceutical and healthcare company GlaxoSmithKline (GSK) has completed acquisition of Human Genome Sciences (HGS) for $3.6bn on an equity basis, or approximately $3 billion net of cash and debt. With the acquisition, all ...
Tags: GSK, GlaxoSmithKline, Human Genome Sciences
The UK underwriter Aviva and CIMB have requested bidders to submit binding bids to acquire their Malaysian insurance joint venture by 29 October. Three underwriters including Prudential, Manulife Financial and Sun Life Financial are the ...
Tags: Aviva, CIMB, insurance, insurance product
Mutual of Omaha has appointed Brian Armstrong and Oliver Schulz as regional sales managers for its Retirement Plans division. Armstrong, in his new role will cover the Central and South Florida market and is based out of Tampa while ...
Tags: Mutual of Omaha, sales manager, Retirement Plans, insurance product
PTI quoted Morgan Stanley as saying that India is expected to register a gradual recovery in the economic growth rate to 6.1% in 2013 driven by positive impact from policy actions and acceleration in farm output growth. The report said ...
Tags: Morgan Stanley, India, farm output growth
Global travel firm Carlson Wagonlit Travel(CWT)has appointed Kevin O'Connor as its executive vice president and chief information officer. O'Connor,formerly CIO at online gambling firm Paddy Power and,more recently,at the technology arm ...