DealZone

Deals wrap: Fiat speeds toward control of Chrysler

A new model of the Fiat 500 is pictured on display at the launch of Chrysler's flagship showroom in Los Angeles November 16, 2010. REUTERS/Mario Anzuoni Fiat will pump another $1.3 billion into Chrysler this quarter as it moves closer to its target of owning a controlling stake in the U.S. automaker. The deal will take Fiat’s holding in the company to 46 percent, just 5 percent shy of the 51 percent it needs to assume full control.

Read the politically charged, behind-the-scenes story of how the Singapore Exchange failed in its bid for a full takeover of Australian stock exchange operator ASX.

The prosecution amped up the tone of its attacks on Raj Rajaratnam in closing arguments at the insider trading trial of the hedge fund manager on Wednesday, saying the Galleon Group founder wanted to “conquer the stock market at the expense of the law.” The jury is expected to begin deliberations once the defense wraps up its closing arguments either Thursday or next Monday.

In an interview with CNBC, NYSE Euronext chief Duncan Niederauer explains why a merger with Deutsche Boerse would better suit his company’s expansion strategy than one with competing bidders Nasdaq OMX and IntercontinentalExchange.

Deals wrap: Consolidation wave to grow for exchanges

Professional surfer Kelly Slater (L) catches a 40 foot wave beside Grant Baker during the Eddie Aikau Big Wave Invitational surf contest at Waimea Bay on the North Shore of Oahu in Haleiwa, Hawaii December 8, 2009. REUTERS/Hugh Gentry “The mergers of exchanges have only just begun as growing competition and even new regulation drive them closer together, irrespective of national borders,” write correspondents Luke Jeffs and Rachelle Younglai from the Reuters Future Face of Finance Summit.

As talk of future exchange deals swells, the CEO of the Singapore Exchange said he’s not planning any more concessions to Australian officials to win approval for his exchange’s $7.7 billion bid late last year for that country’s bourse operator ASX.

J. Crew will once again be a private company after shareholders approved a $2.86 billion deal for the retailer to be acquired by TPG Capital and Leonard Green & Partners.