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New funds: Nov 23
●Earth Capital Partners is launching the ECP Renewable Energy Fund to invest in solar, biogas and biomass projects,
Rio Tinto bolstered by US coal sale
Rio Tinto, the global mining company that faced a huge debt burden a year ago, continued its recapitalisation drive as it
Gartmore to cut debt with £250m IPO
Gartmore, the asset management group, is to float on the London Stock Exchange, raising at least £250m by issuing new shares
Matalan draws buy-out groups
Five heavyweight private equity groups are among the first-round bidders for Matalan, the privately owned discount clothing
AOL to slash workforce by a third
AOLon Thursday said it would cut a third of its global workforce, or about 2,500 jobs, in an effort to save $300m
AOL
A business cannot be anaesthetised, so in cases of corporate gangrene it is best to cut quickly and decisively. Thursday's
AOL to slash a third of workforce shine to
AOL yesterday said it would cut a third of its global workforce, or about 2,500 jobs, in an effort to save $300m
Small steps to reopen commercial bond market
Bank of America plans to sell $460m of commercial mortgage bonds backed by properties owned by Fortress Investment Group as
US retailers use apps to target festive shoppers
Leading US retailers are expanding their Christmas sales drive by targeting smartphone users through the new generation of
Europe puts stress on R&D spending
Corporate spending on research and development has held up better in Europe than in the US, at least in the early months of
