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.
Deals
Caesars removes Ganesvoort Hotel from future project
Because of findings by gaming authorities as to alleged Russian mob ties, Caesars Entertainment drops Ganesvoort Hotel from its partner-investors listings.
JPMorgan reaches tentative settlement agreement
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.
Royal Mail undervalued - Financial Times
According to banking sources, the Financial Times said the IPO of UK's Royal Mail was underpriced.
Madoff sons vindicated
Bernie Madoff's sons were vindicated for the civil case over the properties of their father in the UK.
Latest News
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.
Investors welcomed Yahoo's plans to sell fewer shares when Alibaba goes public. News of Yahoo Inc's plans to retain a larger stake than what it had originally announced was welcomed by the company's investors.
A report from the Daily Telegraph said the UK government would be deciding on the future of Royal Bank of Scotland by next month.
Lia Forcina, Alidod Shirinbekov and John Levavasseur left SAC UK for greener pastures. SAC Capital Advisors LP's Lia Forcina had managed over USD700 million during her stint in the firm.
Bondholders were sought protected by Mario Draghi through the European Central Bank. The European Central Bank head Mario Draghi informed the European Commission last month requesting that bondholders be spared any losses in the event a bank rescue occurs until such time an EU banking union is put in place.
TPG Capital agreed to buy a stake in Phoenix Satellite Television from Star Entertainment for a price tag of USD 214 million.
The CEO of India's largest commodities bourse quit his job as CEO. Last Saturday, the Multi Commodity Exchange of India Ltd had announced its Managing Director and CEO Shreekant Javalgekar had formally submitted his resignation from the company.
Fresh investments were promised by BP and Reliance Industries in oil and gas. The top executives of BP and Reliance Industries, CEO Bob Dudley and Chairman Mukesh Ambani respectively, jointly promised fresh investments worth up to USD10 billion in oil and gas.
