The U.S. Consumer Bureau announced that banks supervised by them may now face penalties if they mistreat clients during collection.
Investors
Active Power names board chairman as new interim president and CEO
Active Power named board chairman as new interim president and CEO. Active Power named its chairman of the board, Dr. Ake Almgren, as its new interim president and chief executive officer.
State-controlled bank receives bid from fourth lender
Geniki Bank presents its binding bid for troubled New Hellenic Postbank. Greek lender Geniki Bank confirmed that it has submitted its bid to acquire New Hellenic Postbank.
Patterson Companies acquires stock of National Veterinary Services for GBP87.5 million
Patterson Companies acquired stock of National Veterinary Services for GBP87.5 million. Patterson Companies, Inc. announced that it would be acquiring stocks of National Veterinary Services (NVS).
Tokyo Stock Exchange President revives Japanese market through IPOs
Tokyo Stock Exchange Inc. President Akira Kiyota wanted to revive the Japanese markets by targeting more initial public offerings.
Latest News
UMW Oil & Gas Bhd IPO at MYR3 per share. UMW Oil & Gas Bhd, a unit of the Malaysian conglomerate UMW Holdings Bhd, was reported to set its minimum indicative price for IPO at MYR3 per share.
Fiat and Peugeot entered into a US$900-million agreement to improve delivery van models. To cut costs in ageing delivery van models, Fiat SpA and PSA Peugeot Citroen has released its plans to invest more than EUR700 million (US$900 million) on new delivery van models over the next five years.
K.K.R. announced that they were able to raise a US$6 billion Asia-Pacific fund Kohlberg Kravis Roberts (KKR), the U. S. private equity giant, announced that they were able raise a US$6 billion Asia-Pacific fund.
ING announced that they have reached an agreement to sell its investment management business in South Korea to Macquarie Group
Cukurova Holding AS has won its legal battle against Alfa. Cukurova Holding AS won its legal battle against Russian Alfa Group over Turkcell Iletisim Hizmetleri AS, Turkey's biggest mobile-phone operator.
ZTE announced that they were awarded a contract for 3G wifi router ZTE announced that they were awarded a contract to provide the Middle East's fastest growing telecom service provider du with its 3G Wi-Fi Router called the MF29.
Kymeta raised US$50 million new financing. Kymeta, a Redmond-based satellite antenna developer that is not even a year old, showed signs of quick growth.
Oracle Corporation announced the pricing of their US$500 million floating rate notes. Oracle Corporation announced the pricing of its sale of US$500 million of Floating Rate Notes due for 2019.
Patriot Capital's latest PE fund raised US$250 million. A small business investment company (SBIC) fund was recently closed by the Patriot Capital Family of Funds.
