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.
Investors
Icahn to meet Cook on September 30
Carl Icahn had set to meet Tim Cook to discuss the future of Apple. Billionaire activist investor Carl Icahn would be meeting Apple Inc CEO Tim Cook on September 30 in New York.
The Hartford extends home and auto insurance agreement with AARP
The Hartford Financial Services Group announced that it would continue to provide home and auto insurance products to AARP members.
Blackberry cancels scheduled earnings call due to takeover deal
In a released statement, Blackberry Ltd said that it would be cancelling its quarterly earnings call and webcast scheduled for Friday this week.
Postal Service proposes raising stamp price
The USPS had proposed to raise the price of its first-class stamp to USD 0.49. The US Postal Service (USPS) has proposed to increase the cost of a first-class stamp by USD 0.
Latest News
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 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.
Ares Capital Corporation announced plan to conduct a public offering of 11 million shares of its common stock.
According to a Techcrunch report, Foundry Group pledged a USD5 million Series A investment to Minneapolis landing pages services startup LeadPages.
JPMorgan Chase & Co are deep in the negotiations to settle the probes conducted at the state and federal levels.
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.
The major technology bourses NYSE Euronext and NASDAQ OMX Group was required by regulators to improve the technology as to back up feeds.
