Bain Capital raises $720 million for life sciences fund
May 23 Private equity firm Bain Capital LP said on Tuesday it had raised $720 million for its first investment fund focused exclusively on the life sciences sector.
JERUSALEM Aug 7 Israel Chemicals plans to list its shares on an unnamed international stock exchange and target regular distribution of dividends of up to 70 percent of net income depending on market conditions, Chairman Nir Gilad said on Wednesday.
After reporting a 23 percent drop in net profit in the second quarter, ICL also said share repurchases or a one-time dividend of up to $500 million were under review.
It declared a dividend of $221 million, or 17.4 cents per share, for the second quarter, up from 16.7 cents a share in the first quarter.
May 23 Fabric, a web-based insurance agency that promises new parents accidental death coverage in two minutes, opened for business in New York on Tuesday following the state's approval of its key product, the company said.
NEW YORK, May 23 Ford Motor Co's unexpected decision to replace its chief executive officer on Monday may not be the catalyst that revives its slumping share prices.