Apple scored a victory against Wi-Lan on a patent infringement lawsuit. A Texas federal jury ruled that Apple did not infringe a patent from Wi-Lan Inc.
Investors
Tennessee bank robbery injures one
A First Tennessee Bank employee was injured in a Wednesday morning robbery. A Wednesday morning robbery at the First Tennessee Bank on East Brainerd Road injured an employee.
Endurance Circle Network merges with UK peer-based lending Funding Circle
US-based Web lender Endurance Lending Network had consolidated with UK-based lender Funding Circle. Funding Circle, of which its platform allows peer-to-peer lending, had announced itds consolidation with Endurance Lending Network of San Francisco.
Funding Circle raises USD37 million in Series C funding
A total of USD37 million was raised by UK lender Funding Circle from investors led by Accel Partners.
Pinterest value at USD3.8 billion after massive Series E financing round
Investors including FirstMark Capital, Valiant Capital Management, Andreessen Horowitz had provided Pinterest a total of USD225 million in the latter's recent financing round.
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Sources told Reuters that Aptalis Pharma Inc had appointed lenders to manage its IPO. Aptalis Pharma Inc reportedly hired banks to manage its initial public offering.
Saudi Arabia borrowers hired HSBC to manage their debt and equity capital market deals. HSBC Holdings said borrowers in Saudi Arabia had obtained its banks services to manage several debt and equity capital market transactions.
Sources told Bloomberg that Singapore-based Oversea-Chinese Banking Corp was reviewing a bid for Hong Kong-based Wing Hang Bank.
The state pension fund of Massachusetts ranked the first in private equity investments, according to a report from the Private Equity Growth Capital Council.
Grupo Financiero Inbursa was in discussions with Standard Bank Group to buy the latter's Brazilian business, sources told Bloomberg.
Sources said Silicon Valley computer maker Hewlett-Packard was looking for buyers for its mobile computing patents.
Sun Life Everbright Insurance Co, the joint venture firm between Canada-based Sun Life Financial and state-controlled China Everbright Group, would turn a profit by 2015.
Share trading of Chong Hing Bank and its parent company were suspended temporarily pending confirmation of the sale of the bank to Yue Xie Group.
Radian Group filed a case against former account manager Rhiannon Bolen for giving confidential data to Arch Capital Group.
