JPMorgan Chase & Co are deep in the negotiations to settle the probes conducted at the state and federal levels.
Deals
TVV Capital acquires Pitonyak Machinery Corp
TVV Capital's acquisition of Pitonyak Machinery Corp serves to complement an earlier acquisition for the buyout firm.
Abu Dhabi's Executive Council earmarks funds for hospitals and roads
The executive council had earmarked funds for construction of hospitals and roads in Abu Dhabi. The executive council of Abu Dhabi last Wednesday approved funds worth AED15.
Sofitel set to expand in the Gulf region
Sofitel would be opening hotels in Qatar and Saudi Arabia. Sofitel, the luxury hotel brand, is owned by French company Accor, was said to be in active discussion to sign new hotels located in Qatar and Saudi Arabia.
RidePal scores USD 3.2 million in Series A round
RidePal gathered USD 3.2 million for its Series A round. San Francisco-based shuttle service provider RidePal announced that it was able to score USD 3.
Latest News
In an announcement today, fashion retailer JustFab said it had raised USD40 million in investment commitments from investors like Shining Capital and Rho Ventures.
In a statement today, ebay Inc announced that it had agreed to acquire Braintree for around USD800 million in cash.
On Thursday, stock exchange SecondMarket launched the first virtual money investment fund in the United States.
Lone Star Funds' Southeastern Grocers filed for a USD 500 million IPO. A regulatory filing showed Southeastern Grocers would be filing for an initial public offering (IPO) to raise up to USD 500 million.
American Industrial Partners would be acquiring Flow International Corporation in a deal worth more than USD 200 million.
In a Bloomberg report, the news agency said that Applied Materials Inc Chief Executive Officer Gary Dickerson's dedication to close his company's USD9.39 billion Tokyo Electron Ltd acquisition would lead him to, according to sources, move his family to Tokyo.
Sources told Bloomberg that Royal DSM NV was already in the second round of bidding for its caprolactam business.
Cramo Oyj experienced a 7.8% decline after its main stakeholder, the Hartwall family, sold half of its stake in the firm.
Oaktree Capital Management's Stock Spirits Group announced plans of a share sale to raise GBP 52 million.
