BRIEF-Automotive Finco Corp announces dividend increase and $40 mln financing
* Automotive Finco Corp. Announces significant transaction, dividend increase and $40 million financing
SAO PAULO Dec 14 The pension fund for oil company Petroleo Brasileiro SA's employees called on Wednesday for securities industry watchdog CVM to investigate some of Brazil's largest asset managers over allegations of irregularities, a statement said.
Walter Mendes, president of Fundação Petrobras de Seguridade Social, commonly known as Petros, asked CVM to probe the reasons for losses in investments managed by asset management units of Banco Bradesco SA and Caixa Economica Federal. (Reporting by Tatiana Bautzer)
AMSTERDAM, May 29 A Dutch court on Monday rejected a request by Akzo Nobel investors for it to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries, handing the Dutch company a victory in its efforts to repel the U.S. firm's 25 billion euro ($28 billion) proposed offer.