Chieftain Capital Management, an investment firm with about $3 billion in assets, is breaking up following a rift among its managers, the Wall Street Journal reported on its website on Sunday.
After making news in recent year with high-profile foreign acquisitions, Tata Steel and Tata Motors are seeking to turn around their businesses in the wake of the global crisis. As they report results this week, investors will be keen to see how much restructuring has paid off.
General Electric, Siemens and Philips have long been rivals. But recently a new front has opened between the industrial groups and it promises to be the hardest-fought competition of all over the title of the biggest seller of green products.
The vampire romance "The Twilight Saga: New Moon" sucked up $140.7 million in its first three days and pulled in a total of $258.8 million worldwide, according to studio estimates Sunday.
The private sector investment needed to tackle climate change will not be made without a binding international deal on carbon emissions, according to the head of a big business coalition.
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