Investors
Bertelsmann to Acquire KKR's Share in Joint Venture BMG
German group Bertelsmann is set to purchase the stake of KKR in the music rights management firm BMG.
UBS Predicts Pension Funding
UBS research predicts effects of pension underfunding and corporate bond yields. In a research note, UBS is forecasting that US companies would be contributing at least US$70 billion into their corporate pension plans in 2013.
Puerto Rico's Popular Inc to Sell $568 Million Non-Performing Loans Portfolio
The lender is in discussion to make sale of its non-performing loans portfolio to a joint venture. Puerto Rican lender Popular Inc. announced that it has plan of selling portfolio of non-performing loans worth $568 million to a joint venture between Caribbean Property Group and Perella Weinberg Partners-affiliated funds.
AIG is Private Again
AIG divests US government of shares over the company. American International Group Inc or AIG has recovered from the 2008 financial crisis after buying out the US government's last financial interest in the formerly beleaguered firm.