John Mattera, former hedge fund manager of Praetorian Global Fund Ltd. was sentenced 11 years of imprisonment after pleading guilty to Facebook and Groupon scam.
Industry
Putin Announces Investment Plan
Russian president Vladimir Putin announced US$13 billion investment plan on Friday during the annual business forum held at St. Petersburg.
Trio Merger Stockholders Approve Merger with SAExploration
Stockholders at Trio Merger approved merger with SAExploration during the special meeting held today by the company.
Jefferies Prepares Loans for Icahn's Dell bid
Jefferies & Co backed billionaire Carl Icahn's bid for the computer maker Dell Inc. with US$5.2 billion loan.
SBI Needs Rs3000 Crore to Merge One Associate Bank
SBI chairman Pratin Chaudhuri said that the State Bank of India needed Rs3000 crore to merge with one of its associates banks.
Latest News
Cochin Shipyard considered IPO to fund its expansion that is valued roughly at RS1500 crore. (Photo : Reuters)The image shows a ship dry docking at a port.
Bell Hospital's directors announced today that it has signed an agreement to be acquired by LifePoint Hospitals.
On Friday, UBS AG surrendered its banking license in India after battling several allegations of money laundering.
On Friday, Al Noor floated in the London Stock Exchange and made its debut at GBP5.75 per share piece.
Spreadtrum, a Chinese cellphone chip designer said it received a buyout proposal from Tsinghua Holdings priced at US$1.38 billion.
According to Morgan Stanley, it has received a clearance notice to acquire the remaining 35% stake in its joint wealth management firm.
According to sources, Blackstone is interviewing banks for the initial public offering of its shopping center company, Brixmor Property Group Inc.
Sun Life Financial Inc. said on Friday that the delay of its US annuity business is likely to happen as regulators conduct reviews of private investor groups.
Belgium's postal service, Bpost made a robust debut in the market on Friday which bodes UK's Royal Mail.
