Ex-SAC Capital fund manager Mathew Martoma was charged with insider trading after having received tips from a source identified as "Doctor-2".
Investors
Microsoft CEO Steve Ballmer to retire in the next 12 months
Microsoft CEO Steve Ballmer announced his retirement within the next 12 months through a statement issued on the company's website.
Clayton Dubilier to raise USD3 billion for buyout fund
Clayton Dubilier & Rice LLC had raised a total of USD3 billion for its ninth investment pool said sources who were familiar with matter.
Paulson says clock ticks on a possible Cablevision sale
Cablevision Systems shares jumped to 42% within an eight week period after speculations on a possible sale heated up and shareholders Paulson & Co. and Gamco Investors Inc. said that a sale is likely.
JPMorgan worth more if broken up: analyst
An analyst said that if JPMorgan Chase & Co would have broken up into its four core businesses, it would be 30% more valuable to its shareholders.
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The UK government announced to float Royal Mail, a 360 year old postal service company, next month and launch initial public offering by October.
Barclays Bank of Kenya signed a financing deal with the African unit of British oil explorer Marriott Drilling worth USD 13 million.
Taulia raised USD18 million in Series C funding led by Germany's Klaus Hommels among others. In a bid to expand to Europe and develop products and personnel, the company had raise USD18 million in Series C funding.
Taulia Inc scored a total of USD 18 million for its Series C round led by Lakestar. San Franciso, California-based Taulia Inc bagged USD 18 million for its Series C round.
KV Asia Capital raised USD 263 million for Fund I. Singapore-based private equity firm KV Asia Capital said that it was able to raise capital commitments worth USD 263 million for its first fund.
Harbert Management Corp announced that the interim closing of Harbert Power Fund V so far raised USD 200 million.
Qualcomm inked a definitive agreement to sell subsidiary Omnitracs Inc to Vista Equity Partners in a deal valued at USD 800 million.
Startup company Slice received USD23 million in Series B funding from Japan's Rakuten, among others.
Sources said Alibaba Group Holding would like to keep board control after its initial public offering in Hong Kong.
