mFounder has agreed to use MasterCard's MasterPass for its bank customers. mFoundry and Mastercard have reached agreement to avail MasterPass-connected wallets to nearly 900 bank customers of mFoundry.

Goldman Sachs to lay off employees again. Goldman Sachs is undertaking cost cutting measures in light of issues with its bottom line. Job cuts are in the offing, with some getting the axe as early as this week as the business continues to face rough waters.

Share values fall on rumors of sales of pledged stocks. Share values fell for small and midsized companies on rumors that pledged shares of specific companies were being offered for sale.

Global alternative asset manager The Carlyle Group, today announced that Jacques Chappuis will join the firm as Managing Director and Head of the Solutions business segment

The Malaysian company reported net profit of 1.08 ringgit for the quarter ending on December 31. (Photo : Reuters) Asian lender CIMB Group Holdings Bhd reported that its net profit for fourth-quarter declined by 4.

Barclays to issue convertible bonds for more capital. Barclays, in a move to address possible concerns, is formulating a plan to seek shareholder approval to sell bonds that are convertible to shares should the bank hit troubled waters.

Apache partners, a UK-based investment advisory firm, will be setting up a fund with main focus equities and fixed income in key markets.

Greenbriar has been negotiation to buy solar product properties as it focuses on expanding real estate business.

The auto maker is not expecting China Investment Corp. to buy 10% in the company (Photo : Reuters) Bodo Uebber, chief financial officer of Germany's car manufacturer Daimler, said that they are not expecting sovereign wealth fund China Investment Corp.

Richter has said that it has formed a new joint venture with its marketing partner to improve direct presence in the Chinese pharmaceutical market.