Month: December 2012

The Blackstone Group LP ( BX ) reached an agreement to acquire Intertrust – a trust and corporate management company – from Holland-based Waterland Private Equity Investments. The deal is anticipated to close in the upcoming months after receiving regulatory approvals. The financial details of the transaction were undisclosed […]

Yahoo Inc. ( YHOO ) recently announced that it had acquired a video chat startup company, OnTheAir, to boost its mobile offerings. The terms of the deal were not disclosed […]

Specialty chemical company Air Products & Chemicals Inc. ( APD ) announced the launch of a new microsite, containing information about food processors, engaged in producing freezing products. […]

International Business Machines Corp. ( IBM ) has completed the $1.3 billion acquisition of Kenexa. […]

HSBC Holdings plc ( HBC ) is likely to settle money laundering charges with the U.S. law enforcement authorities next week, according to a Reuters report. […]

Broadcom Corporation ( BRCM ) recently updated its guidance for the fourth quarter of 2012. The company expects revenues to come between $2.0 billion and $2.10 billion compared to the previous guidance of $1.95 billion – $2.10 billion. The increase in guidance was attributable to slightly better-than-expected revenue in the Mobile & Wireless business. […]

Compuware Corporation ( CPWR ) recently announced that its Compuware Application Performance Management (APM) solution has been adopted by REALTECH AG. With this venture, REALTECH is deploying Compuware’s dynaTrace Data Center Real User Monitoring (DC RUM) services in its newly launched theGuard! Service Management Center. This was done with the clear intent of improving end-user experience and maximizing the performance of various applications including SAP, web, non-web and cloud services. […]

We have another reassuring read on the nation’s labor market through a material drop in the weekly Jobless Claims data, which sets us up for the November non-farm payroll numbers coming out tomorrow morning. This indicates that the recent weak weakness in the labor market was mostly due to the effects of Sandy. Elsewhere, the European Central Bank meeting produced what the market was expecting – no changes to interest rates. […]

NCR Corp. ( NCR ) recently commenced an offering of senior unsecured notes worth $900.0 million for institutional buyers in the U.S. The notes will mature in 2021 […]

Fossil Inc. ( FOSL ) has authorized a new share buyback program to repurchase up to $1.0 billion of its outstanding shares, reflecting the company’s strong balance sheet and robust cash flow. […]

Brazilian state-run energy giant Petroleo Brasileiro S.A. , or Petrobras ( PBR ) announced the discovery of light hydrocarbons in the Sergipe-Alagoas basin offshore Brazil. Light oil was revealed while drilling well 1-SES-172, which is also known as Muriu […]

Almost two years after its formation; Raizen, the joint venture between Brazil’s sugar and ethanol manufacturer, Cosan Limited ( CZZ ) and Royal Dutch Shell plc, received unconditional approval from the country’s antitrust regulatory body, the Brazilian Economic Defense Administrative Board (CADE). Raizen, a combination of Portugese words for root and energy, was formed on August 25, 2010 through a binding agreement between Cosan and Shell. The primary focus of the combined entity was the production of ethanol, sugar and power along with the supply, distribution and retail of transportation fuels […]