To address wrongdoing in the 'London Whale' scandal, JP Morgan enters into a settlement agreement with the CFTC.
Deals
Doubt rises on Treasury capacity to pay USD120 billion on US securities
Investors remained anxious even if US Treasury Secretary Jacob Lew announced last week in Congress that the department had the capacity to pay US Treasury bill holders.
Batista dismisses OGX Oil chief as bond default woes persist
Luiz Carneiro was fired as chief executive of his OGX Petroleo e Gas Participacoes SA by Eike Batista, whose commodity group owned the oil and gas company.
Softbank in talks to buy stake in Brightstar Corp
A regulatory filing by Softbank Corp had confirmed rumors of the Japanese company purchasing a stake in US mobile distributor company Brightstar Corp.
Greenwald to join Omidyar media venture after Guardian exit - sources
UK newspaper The Guardian had confirmed the departure of American journalist Glenn Greenwald, who is rumored to be joining a new media venture backed by eBay founder Pierre Omidyar.
Latest News
Jury deliberations on the insider trading case against Mark Cuban started Wednesday. The jury had begun deliberations for the insider trading case of NBA Dallas Mavericks owner Mark Cuban.
In its amended IPO filing, Twitter would be listed with the NYSE and also reported increased revenues and user base despite mounting losses.
The Aluminum Corporation of China Ltd or Chalco had announced the sale of its shareholdings in the Guinea venture with Rio Tinto.
Known institutional investor Cerberus Capital Management is studying its options to determine if it would make a bid for BlackBerry.
KB Home set to offer bonds as well as notes issued to assist its plan to retire soon to be maturing debt.
A second project between Dow and ERB has been agreed upon where the power plant would utilize sugar cane residue as fuel for electrical power.
ICIG purchases Clariant AG unit focused on detergent and other intermediate chemicals. The plan of Clariant CEO Hariolf Kottmann of focusing the Swiss company to high yield markets would be one step closer to realization.
The plan is to raise funds from a share sale of Huaneng Renewables Corp. Wind farm operator from China, Huaneng Renewables Corp, is planning to raise HKD1.
A number of top notch companies have sent their bids to build Mongolia's Tavan Tolgoi Power Plant.
