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....

Brazilian aircraft manufacturer, Empresa Brasileira de Aeronáutica, S. A. (Embraer) is building a 150,000-square foot business jet assembly facility at Melbourne International Airport in Florida. Florida based assembly facility will produce up to eight of Embraer’s popular executive jets known as the Phenom 100 each month for U.S. customers. Embraer’s...

India is poised to become one of the most important markets in the Defence Sector, defence and aerospace vendors make a way for India, Andhra Pradesh government goes all out to attract investors, by projecting its capital Hyderabad as the best destination for aerospace investment. The Indian Information Technology (IT)...

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...

French hotels company, Accor SA, Europe’s largest hotelier will replace Gilles Pelisson as chief executive officer after the current CEO had differences with the board, Europe head Denis Hennequin as new CEO. Board of Directors meeting on November 2, 2010, the Board and Gilles Pélisson, Chairman & CEO of Accor,...