A total of USD13 billion is to be paid out by JPMorgan under the tentative settlement agreement forged with US authorities related to mortgage backed securities.
Archives
Alico heirs to sell off shares
Two agribusiness firms scramble to purchase shares in Florida citrus grower Alico. The heirs of Ben Hill Griffin Jr have sold off their shares in the market leading Florida based citrus company.
BP CEO Dudley advocates free market pricing for India's natural gas
In a speaking engagement in India, BP CEO Bob Dudley said market pricing of natural gas in the country is the proper way to do it.
Business by Design to wind down - SAP
According to German software giant SAP, its Business by Design module for small and medium businesses would not be further developed but current users can still utilize its online services.
Pope Francis sits down with ECB head Mario Draghi
Pope Francis meets with ECB President Mario Draghi for unspecified matters. The head of the Roman Catholic Church, Pope Francis, had held discussions with European Central Bank President Mario Draghi during a private audience held last Saturday.
Latest News
According to banking sources, the Financial Times said the IPO of UK's Royal Mail was underpriced.
Bernie Madoff's sons were vindicated for the civil case over the properties of their father in the UK.
The five year ban on holding public office for Silvio Berlusconi was upheld but reduced from five years to two years.
Software maker SAP on Saturday said it would be reducing the development capacity of Business By Design, a software product targeted to small and mid-sized business customers.
Artworks of British renegade graffiti artist Banksy became popular overnight in New York as city authorities had tried in vain to catch him for vandalism charges.
Twitter's major stakeholders would benefit from the initial public offering should the social media company's debut would succeed.
Yahoo decided to keep more of its stake in Alibaba after the latter would go public. Yahoo amended its planned share sale of its holdings in the Alibaba Group and decided to keep a larger stake of the Chinese e-commerce firm.
Rivalry between Google Inc and Facebook Inc seemed to have thawed after the former announced its partnership with the latter on aiding clients to purchase ad inventory.
Chancellor of the Exchequer George Osborne is planning whether toxic assets of RBS would be put into a bad bank.
