Bill Gross surprised investors yesterday by announcing that he was leaving PIMCO, the firm he co-founded in 1971, to manage the Janus Global Unconstrained Bond fund. 496 more words
Tags » Investments
German enterprise software major SAP has entered into an agreement to acquire Nasdaq-listed Concur Technologies Inc., a travel and expense management solutions firm co-founded by its Indian origin chief Steve Singh, for approximately $8.3 billion. 153 more words
Nope, it’s not rosy girlish issue about fashion IPO, it’s about possible opportunities for the company and high yield for investors like me.
Jimmy Choo may begin its initial public offering in London as soon as this month amid rising demand for designer footwear, planning to sell about 25% stake, the company has hired Bank of America to manage the sale and is seeking a valuation of about $1bn. 309 more words
Yesterday, after concluding its two-day meeting, the FOMC formally announced its current interest-rate policy. The current policy is known as ZIRP (zero interest-rate policy), and is essentially the same interest-rate policy the Fed has maintained since the depths of the Great Recession. 492 more words
Wipro, the Bangalore-based information technology major, is trying to boost internal innovation. The country’s third largest IT services company has identified focus areas for initiatives in this regard and has also allocated budgets for these. 170 more words