Blackstone finalized a settlement with its investors over alleged misrepresentations during its IPO.
Investors
China’s MMG willing to work with partners
MMG Ltd expressed interest in working together with partners as it seeks to further grow its business.
Investment bankers will lead Barclays metals and mining team
Barclays hired investment bankers Paul Knight and Michael Rawlinson to lead its global metals and mining team.
US judge dismisses iShares compensation case against Blackrock
Blackrock Inc victorious in court battle as U.S. district judge dismisses compensation lawsuit. A U. S. judge dismissed a lawsuit filed against BlackRock claiming it looted securities-lending revenues from iShares exchange-traded funds investors.
Ackman loses more than USD400 million in J.C. Penney sale
Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup. Former board member Bill Ackman is officially through with the retailer.
Latest News
Verizon is now in discussion with banks to fund the USD130 billion buyout offer for Vodafone's 45% shareholdings.
Global firms had eyed on agrochemical manufacturers as agrochemical patents in India would expire by 2020.
Aircel Ltd announced refinancing its existing debt through a tie up of nearly INR8 billion loans. Aircel Ltd. is a privately held telecom operator. The company had announced seeking nearly INR8 billion in loans with IDFC and Credit Suisse.
ShopPad announced today that it had received a total of USD500k in seed funding from angel investors.
Two more operators join the 4G race in Britain as it jumps into the superfast mobile top division. Britain is preparing to launch itself into the superfast mobile top division as two more operators launch 4G services.
After global food safety scare, Danone SA unit plans to take legal action against New Zealand's Fonterra.
American Airlines said that the scheduled March trial for antitrust issues would put its planned merger with US Airways Group at risk.
Goldman Sachs' managing director Jason Lee had been indicted with rape by a grand jury. Jason Lee, managing director at Goldman Sachs Group Inc. was charged with rape.
Delta Apparel Inc. announced today that its wholly owned subsidiary, To The Game LLC bought all assets of Salt Life Holdings including domestic and international trademark rights.
