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Claims of money laundering haunt Urban Cooperative Banks

A meeting of local and state financial authorities relate the possible misuse of Urban Cooperative Banks by unscrupulous money launderers.


Clariant agrees to sell leather unit to Wendel's Stahl

Clariant and Wendel's Stahl reached an agreement with former to receive millions and shares. Clariant AG, Swiss maker of specialty chemicals, had agreed to sell a leather-treatment unit to French investment company Wendel SA's Stahl, according to a report by Bloomberg.

Apple leaks public transit feature for Maps via job listing

Apple would be adding public transit directions in its Maps software soon. A job listing for a developer accidentally leaked Apple Inc's plans for its mapping software by mistake.

Asurion acquires Soluto in USD130 million deal

Asurion's acquisition of Israel-based startup Soluto would reportedly help the former improve its software-centered services.


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Blue Solutions rose as high as USD18.64 per share in the first day of its initial public offering. Blue Solutions saw its shares jump 30% from issue price in the first day of its initial public offering.
PricewaterhouseCoopers (PwC) would be acquiring Booz & Co for an undisclosed amount. A Reuters report said UK accounting firm PricewaterhouseCoopers (PwC) entered into an agreement to purchase a corporate consulting firm.
Paracetamol is an active ingredient in many drug formulations which now is subject to a USD787 per tonne anti-dumping duty.
Beijing-based wind farm operator China Longyuan Power Group Corp won a bid to jointly develop wind farms with local companies in South Africa.
Leighton Holdings got sued by own shareholders after the latter claimed they were misled with financial projections.
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
Tablet and mobile maker hired Ashton Kutcher to provide design and marketing inputs in attempt to steal away Apple consumers.
Owners of Tesla Model S cars could now drive from the Mexican border to Vancouver thanks to the Tesla Supercharger station network.
UPS' new navigation system helps drivers use less fuel. United Parcel Service Inc. (UPS), one of the world's biggest package shipping company, uses customer data, drivers, and vehicles for its new route guidance system, according to a report by Bloomberg.
Google Inc had been going to extreme lengths to keep the purpose of its new infrastructure secret. In a report by Reuters, Google Inc went to great lengths keeping its latest infrastructure project under wraps.