Finance/Venture

Blackstone Group LP

Blackstone chases Buffett with 'core' private equity

Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10-year private equity fund, according to people familiar with the matter

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Alibaba Group

Alibaba's Ma: financial services IPO 'definite', eyes China mainland listing

Alibaba Group Holding Ltd's (BABA.N) finance services arm "will definitely go public," Executive Chairman Jack Ma said on Tuesday, eyeing a mainland China listing for the e-commerce company's crown jewel.

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Wall Street sign

Sunset Capital Assets, Inc. (SSBN) Announces Release of Audited Financial Statements for the Years Ending December 31, 2012, and December 31, 2013

Sunset Capital Assets, Inc., (OTC: SSBN), announced today that it has released Audited Financial Statements for the years ending December 31, 2012 and December 31, 2013 as part of the Firm's continued commitment to transparency.

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Serco

Serco plans rights issue after 1.5 bln stg impairment charges

Britain's Serco is to raise up to 550 million pounds ($874.5 million) through a rights issue after cutting its profit forecast for this year and next, and writing down the value of its business by 1.5 billion pounds.

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MoneyGram

Kenya's Safaricom, Moneygram sign money transfer deal

Kenya's Safaricom (SCOM.NR) and U.S. company MoneyGram International (MGI.O) have agreed a deal for money to be sent from abroad to Kenya through their money transfer services, targeting more than $1 billion sent in remittances every year.

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Monte Paschi

Monte Paschi unions say EU pushing for merger

Labor unions at Italy's Monte dei Paschi di Siena (BMPS.MI) on Thursday urged the Italian government to resist what they said was pressure from the European Union for the bank to merge with another group.

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Monte Paschi

Monte Paschi approves capital increase for up to 2.5 billion euros

Monte dei Paschi di Siena (BMPS.MI) will tap investors for up to 2.5 billion euros next year to fill a capital deficit laid bare by recent stress tests and pay back state aid in a move bankers said would prepare the Italian lender for a likely takeover.

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AbbVie

Elliott Associates may sue AbbVie over scuttled deal

Hedge fund Elliott Associates may take legal action against pharmaceuticals company AbbVie Inc for scuttling a merger deal with Shire Plc.

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BoJ Kuroda

Bank of Japan Governor Haruhiko Kuroda's speech in Tokyo Ensures Achievement of the Price Stability Target of 2 percent through QQE

Bank of Japan Governor Haruhiko Kuroda delivered a speech at the Kisaragi-kai Meeting in Tokyo on 5th November 2014. He mainly spoke about ensuring achievement of the price stability target of 2 percent.

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Mergers

Dresner Partners Hires Nishant Bubna as Vice President

Dresner Partners announced today that it has hired Nishant Bubna as Vice President. Mr. Bubna has more than 12 years of finance experience, including nine years in investment banking. He has assisted transactions in the business services, consumer, industrials, healthcare, and technology sectors.

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Virgin Money

Virgin Money seeks to resume 2 billion pound London listing

UK lender Virgin Money is seeking to go ahead with its postponed London stock market listing amid firmer market conditions by the end of next week, two sources familiar with the matter said on Monday.

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JPMorgan Chase & Co

J.P. Morgan found hackers through breach of corporate event website: media

J.P. Morgan Chase & Co learned about hackers who stole the bank's contact information for 76 million households and 7 million small businesses through a corporate event that it sponsors, the New York Times and Wall Street Journal reported, citing people familiar with the matter.

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General Electric Co

GE plans stake sale in two South Korean finance JVs

General Electric Co is planning to divest stakes in its joint venture auto-financing and credit card businesses in South Korea, people familiar with the matter told Reuters, as the U.S. conglomerate continues to trim its exposure to the financial services sector.

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JPMorgan Chase & Co.

Investor to object to proposed $4.5 billion JPMorgan settlement

A group of funds that threw a monkey wrench in Bank of America Corp's (BAC.N) proposed $8.5 billion settlement with investors in mortgage-backed securities will object to JPMorgan Chase & Co's $4.5 billion offer to settle claims over similar investments, according to the lawyer that represents them.

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Mergers

Woodbridge International Opens Office in France

Woodbridge International, a global mergers and acquisitions firm specializing in middle-market companies, is pleased to welcome Sophie Sauvage as the firm's new Senior M&A Advisor heading up Woodbridge's office in Lyons, France.

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