Britain announced that it would sell its stake in Lloyds Banking Group priced at least GBP0.50 a share.
Investors
UK goverment may earn GBP60 million from first Lloyds exit
The British goverment said in a statement today that through UK Financial Investments Ltd, it has sold its 6% of its issuing stock in Lloyds Banking Group Plc for GBP3.2 billion.
Barclays called reckless by the Financial Conduct Authority
In a finding by the Financial Conduct Authority, Barclays payments to investors post-2008 without proper disclosure was called reckless.
Schaeffler, holding company sell 4% stake in Continental to repay debt
Schaeffler AG said in a statement that the sale of its combined 4% stake in Continental AG with holding company Schaeffler Verwaltungs GmbH would be used to repay borrowings made to takeover Continental.
ZTE Corp seeking to expand cloud services in China
In a bid to increase its contribution to ZTE's overall revenues, the cloud computing and IT productions operations of the firm had laid out plans to expand cloud computing in China.
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Hudson's Bay Co. announced naming Marigay McKee to be the president of the US luxury retailer Saks Inc. after the acquisition deal was completed.
Javier Martin-Artajo and Julien Grout along with other unnamed co-conspirators were indicted of five criminal counts for allegedly hiding trading losses valued USD6.2 billion.
Blackstone Group LP decided to sell its shares in hotel chains following the increased sales of hotel properties in the US this year.
Nvidia Corp.announced naming Colette Kress as its new chief financial officer after David White vacated the post last March 2011.
After completion of the Cyprus review, IMF released another USD113 million for the bailout of the country.
In a USD12.55 per share purchase, Boise Inc would serve to increase the capacity of the Packaging Corp of America.
Deerfield announced today funding of a credit facility for Imris Inc. valued USD25 million. Deerfield operates as a leading investment management firm.
RiverPark Advisors launch a new open-ended mutual fund which was a conversion of hedge fund Wavecrest Partners Fund I launched on September 2008.
Upworthy, the video social media site, had received USD8 million for its Series A funding round. Eighteen months since its launch, social media site Upworthy announced the receipt of USD8 million as equity investment for the company, The investors were led by Spark Capital, Cantamount Ventures, Uprising and the Knight Foundation.
