Daniel Janes stepped down as co-head of investment banking for Barclays PLC to "pursue new challenges," according to an internal memo held by Reuters.
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USD 40 million earmarked for Credorax from investments
Credorax receives USD40 million equity investment for its expansion Online retailer acquirer and Payment Service Providers, Credorax, announced a USD40 million growth equity investment which would be used to support continued expansion of its platform.
Ashok Vemuri resigns from Infosys board
Despite being next in line as chief executive of Infosys Ltd, Ashok Vemuri resigned from the company's board.
Frankfurt court clears Deutsche Telekom of overcharging
Deutsche Telekom was cleared of any wrongdoing in lawsuit filed by Kabel Deutschland. Deutsche Telekom emerged victorious when a Frankfurt court dismissed an overcharging case filed against the telecommunications company.
Seadrill expects high profits in coming years
Seadrill would be expecting soaring profits in the next few years as energy companies venture into difficult waters.
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The Syrian Electronic Army took responsibility of hacking sites like the New York Times and Twitter by targeting host Melbourne IT.
Three Suntech Power Holdings Co Ltd directors resigned amid the company's struggling financial difficulties.
A PricewaterhouseCoopers (PwC) pension fund had been talking with CA Immo on buying a stake in Tower 185, Germany's fourth-tallest skyscraper.
Standard and Poor's (S&P) had concluded that Playboy Enterprises Inc would likely be under pressure from its USD185 million loan-covenant to reduce its loans and increase its earnings.
Styrolution Group Chief Executive Officer Roberto Gualdoni had said that joint venture company Styrolution Group could hold an IPO in two years.
A 2009 lawsuit brought against Charles Schwab & Co Inc had been revived by a New York state appeals court.
A source told Reuters that JPMorgan has bee pressured by finance authorities to settle at least USD6 billion in mortgage claims.
Crowdfunding sites like Kickstarter would now be used by entrepreneurs to find testers for their products.
Australia's AGL Energy Ltd said that weakened demand prompted the company to delay the development of its power plants.
