Leading cloud application platform-as-a-service (PaaS) provider Heroku has launched a Facebook App Package and guide for building Facebook applications on Heroku's PaaS. If you're in the market for building Facebook apps, Heroku a new Facebook App Package may be worth checking out. Facebook is the most popular social platform for...

Italian government has cleared the sale of designer Gianfranco Ferré, one of the most famous fashion house of the last decade, to U.S. private equity firm Prodos Capital Management, parent company IT Holding. The government is pushing to keep the jobs and manufacturing tied to Ferré’s business in Italy after...

Lions Gate Entertainment (LGF) has met with Metro-Goldwyn-Mayer (MGM) to present a proposal to combine the two studios once MGM emerges from bankruptcy. Lions Gate vice chairman Michael Burns confirmed on CNBC the studio has been holding talks with Investor Carol Icahn, who owns 33.5 percent stake of Lions Gate....

Keith Olbermann, host of MSNBC's 'Countdown' show, will return to the MSNBC, four days after the cable news network suspended him without pay 'indefinitely' last week for giving money to three Democratic politicians, which was judged by NBC executives a violation of rules governing journalists' conduct. The controversy arose when...

Sandler O’Neill + Partners, L.P., an investment bank focused on financial services, is selling a minority stake to private equity firms Carlyle Group and Kelso & Co to help fund growth. The investment bank's current management team, led by James Dunne and Jonathan Doyle, will remain in place after the...

Casey's General Stores Inc (CASY), the operator of over 1,500 stores convenience stores in the U.S. Midwest, rejected a $43-a-share offer by 7-Eleven Inc. Casey board decided 7-Eleven's revised offer did not reflect its full value and growth opportunities and wasn’t in the best interest of shareholders. Goldman, Sachs &...

Mercuria Energy Group Ltd, one of the world's largest independent energy traders, located in Geneva, Switzerland had bought Florida-based carbon offset project developer MGM International from investment bank Morgan Stanley (MS). Under the terms of the transaction, Mercuria has purchased all of the equity in MGM International Group from Morgan...

Toronto-Dominion Bank (TD.TO) has named Mike Pedersen to head its wealth management division, replacing Bill Hatanaka. Mike is responsible for TD’s wealth management businesses as well as the bank’s direct channels (online, phone, ATMs) and corporate shared services (IT, real estate, strategic sourcing, corporate security, and the project management office)....

Qatar Airways' chief executive Akbar Al Baker called for greater access for the rapid expanding Qatar Airways to the Canadian market, We have Canadian companies trying to sell us equipment. But trade is a two-way street. We will give them trade, in return we want to access their markets. "They...

Japanese social media website operator, DeNA Co., is to acquire ngmoco Inc for $400 million, an unlisted U.S. developer of games and applications for smartphones. DeNA's acquisition of ngmoco will fuel its rivalry with US firm Zynga - set to become one of the defining battles of cross-platform social gaming...