The Board of Directors of Income Streams III Corporation announced the final regulatory approval for its merger into Dividend Split Corp which is set to take place on December 1, 2013.
Legal & Regulatory
AUW head approves potential sale of GrainCorp
Australian Workers Union head Paul Howes said the need for Australia to have a fresh injection of capital was more important than considering the sentiments of union workers at GrainCorp regarding the sale of the company to US-based Archer Daniels Midland.
UK regulator invites foreign exchange traders on currency- rigging probe- sources
Two people with knowledge about the matter told Bloomberg that the UK Financial Conduct Authority has invited foreign exchange traders as part of its ongoing probe on currency rigging.
US Securities and Exchange Commission approves crowdfunding for sale of stocks online
The US Securities and Exchange Commission has approved a proposal that would enable upstarts and small firms to offer ownership stakes to retail investors using crowdfuding platforms online.
New York regulator mulls "BitLicense" for companies using virtual money
Benjamin M. Lawsky, the State Superintendent of Financial Services for New York, said he would hold a public hearing to talk about the feasibility of licensing companies that performs transactions using digital money.
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Top leaders of the Chinese government released its plans to make major reforms in the economy and social systems, and vowed that such reforms would make decisive results by 2020.
A Reuters report said hedge fund managers in the US bought and exited from shares of hotly-debated firms like retailer JC Penney, nutrition and weight management company Herbalife Ltd and auction house Sotheby's.
Data released by mutual group Investment Company Institute showed an overall drop of money market mutual fund assets in retail, institutional, taxable funds, and tax-exempted fund segments.
Fee examiner Richard Stern recommended to Judge Allan Gropper that USD 240 million in fees and expenses be paid to Eastman Kodak Co's lawyers and advisers.
Vancouver-based gold producer B2Gold Corp said it signed a definitive agreement with Canadian resource company Volta Resources Inc for the business combination of the two companies.
Judge Denny Chin of the US Circuit Court in New York ruled that the scanning can be classified as fair use since it was "highly transformative." Chin also said that the scanning was not detrimental to the marketing for the author's work.
Shunfeng Photovoltaic International said provisional liquidators of Suntech Power Holdings Co had not approved its planned acquisition of Wuxi Suntech, the main unit of Suntech which went into bankruptcy.
The Game Show Network insisted that Bash Gaming pay a premium based from the difference between its initial acquisition offer and the amount the latter received from an unnamed buyer after Bash rejects GSN's deal at the last minute.
An analysis of the filings made by small businesses with the US Securities and Exchange Commission indicate that more than 320 of them would want to raise funding via social media, and a handful had already raised funding.
