Fullerton Fund Management Co., owned by Singapore’s Temasek Holdings Pte, bought a stake in Indian film distributor Eros International Plc, gaining a foothold in the local movie industry known as Bollywood.
Oxford Immunotec Global Plc, a U.K. maker of a test for latent tuberculosis, raised $64.3 million in a U.S. initial public offering today, adding fuel to a rebound in listings this year among European biotechnology companies.
Goldman Sachs Group Inc., the Wall Street firm with the biggest revenue decline last quarter, said its currency trading business didn’t incur a loss in the period as the bank sought to clarify a figure in a regulatory filing.
Greenlight Capital Inc., David Einhorn’s hedge fund, sold shares in Aetna Inc. and Cigna Corp. last quarter, trimming holdings of insurers before the rollout of President Barack Obama’s health-care reform.
Thousands of brick houses line the streets of Huber Heights, a leafy suburb of Dayton, Ohio, named for the builder who developed it in the 1950s and nurtured its growth. Until this year, his family was the town’s biggest landlord, with a third of all rental housing. Now the tenants’ payments are being routed to a $9 billion hedge fund.
Berry Petroleum Co. said its $2.12 billion takeover by LinnCo LLC, the subject of an inquiry by the U.S. Securities and Exchange Commission, won’t be done by Oct. 31, after which either party can walk away from the transaction.
LinkedIn Corp. will start to disclose new details about its mobile and non-U.S. businesses as soon as next week after the Securities and Exchange Commission told the professional network the information was “material” to investors.
Singapore’s state-owned investment company, or one of the companies it has an interest in, sold entire stake in Cheniere, comprising 9,173,487 shares, during second quarter, according to 13F SEC filing. * Cheniere shares gained >65% between May 7, 2012, when Temasek and RRJ Capital announced equity investment, and end of 2Q: LNG US <Equity> GP <GO> * Link to SEC filing: FIFW NSN MRIOR83PWT1D <GO>
Marrone Bio Innovations Inc., a maker of biological weed- and pest-killers that sold shares in an initial public offering this year, spurned takeover approaches in a bet that it can grow faster independently in its booming niche market.
Van Eck Associates Corp. is moving ahead with an exchange-traded fund focused on Puerto Rico and other U.S. territories, the first of its kind, even amid the biggest losses for the island’s securities since at least 1999.