DOTC defers bidding for proposed ticketing system of MRT, LRT

A Philippine regulator postponed the bid for a ticketing system to be used by the MRT and LRT. The Department of Transportation and Communications (DOTC) in the Philippines deferred the submission of bids for the ticketing system of the country's rail transportation systems.


AssuredPartners Inc completes acquisition of GBP Risk Solutions

AssuredPartners closed its purchase of GBP Risk Solutions, an Arizona-based insurance firm. Florida-based AssuredPartners Inc announced the completion of its acquisition of Golseth & Gregson Insurance Services which does business as GBP Risk Solutions.

Bank of America settles discrimination lawsuit for USD 160 million

The Merrill Lynch unit of Bank of America corp would pay USD 160 million to settle a discrimination lawsuit filed by African-American financial advisers.

Inner Mongolia Sanwei Resources submits application for Hong Kong IPO: sources

Sources told Bloomberg that Inner Mongolia Sanwei Resources Group Co submitted an application for an IPO in Hong Kong worth USD 200 million.


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South African grocer Spar Group Ltd said it would be working with an Angolan partner to open a store in Luanda in the next six months.
The United States would be offering loans again through its Advanced Technology Vehicle Manufacturing loan facility.
Japan-based Nissan Motor Co said it would be willing to work with Google and other firms to develop self-driving vehicle systems.
The US Federal Communications Commission said it is working with CBS and Time Warner to bring an end to the blackout that affected their consumers.
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Social media platform Twitter hired Nathan Hubbard as its new commerce chief. Twitter Inc. had hired Nathan Hubbard who was also the former president of Ticketmaster.