OneWest Bank is planning a dividend payout of USD 1 billion to its investors before it holds an initial public offering next year, according to sources who have knowledge of the matter.
Firm Management
Exxon to exit from its utility and power unit in Hong Kong for USD3.4 billion
According to a Reuters report, the sale of Exxon Mobil Corp's controlling interests in utility and power firms Castle Peak Co Ltd and Hong Kong Pumped Storage Development Co would help the global oil firm return money to investors and focus more on its core businesses.
Google Ventures-backed startup Trada for sale or in bankruptcy -source
Google Ventures-backed search-advertising startup Trada was said to have laid off most of its staff. An unnamed source said that the company might be anticipating a sale or shutdown.
Bashneft to go public fall of next year - report
A most notable reason of Russian oil company Bashneft planned to launch an initial public offering was to avoid the chances of a hostile takeover by a potential investor, said one investment firm analyst.
JP Morgan backs out from China Everbright Bank IPO
The Wall Street Journal said it was highly unusual for a bank or an entity to withdraw from its role as an underwriter for an initial public offering or any similar deal, much less weeks before the deal is scheduled to begin.
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An analyst said that the involvement of Bitcoin in the Silk Road online marketplace scandal provided enough boost for the digital currency to receive support from the market, and even US government agencies, as an accepted investment and payment technology solution.
When companies see activist investors as a threat before, a Reuters article said companies are now treating these types of investors as a catalyst for corporate change.
A trend in hiring former government officials in executive roles had been seen in investment firms, said a Bloomberg report. Recently, Warburg Pincus LLC appointed former US Treasury secretary Timothy Geithner as its new president.
Google Inc will be increasing its marketing reach by opening Winter Wonderlabs in six cities. The outlets will feature the search giant's products like the Nexus 7, Chromebook and Chromecast.
The government of the Philippines would be launching an online portal designed to provide information on how foreign assistance had been spent, especially for the government's response to help the victims of Typhoon Haiyan.
US investigators assigned to the hacking incidents done by Anonymous have yet to determine the scope of the cyber campaign of the hacker collective on the state's government agencies.
US Federal Reserve Vice Chair Janet Yellen showed strength and loyalty in a two-hour confirmation hearing with the US Senate Banking Committee regarding her nomination for the Fed Chairman role.
Data released by mutual group Investment Company Institute showed an overall drop of money market mutual fund assets in retail, institutional, taxable funds, and tax-exempted fund segments.
Social media giant Twitter Inc announced it will introduce self-service advertisements for small- and medium-sized businesses (SMBs) in Canada, Ireland and the United Kingdom starting this week.
