North America

Former fund manager in New York pleads guilty of US$2.9 million Ponzi scheme

Jason Konior pleaded guilty of stealing US$2.9 million from investors as part of the 2011-2012 Ponzi scheme.


INTL FCStone abandons plan to purchase Asian online exchange Cleartrade

INTL FCStone abandoned its plan to buy Cleartrade Exchange due to the newly-issued financial guidelines.

ClubCorp Holdings Inc. plans US$100-million IPO

ClubCorp Holdings Inc. filed for a US$100-million IPO. ClubCorp Holdings Inc. filed for an initial public offering. According to a Securities and Exchange Commission filing dated July 12, ClubCorp Holdings aimed to raise up to US$100 million.

Biden appeals for US-China trust

US Vice President Biden calls for trust between US and China while pushing for Chinese economic reforms.


Latest News

CFTC was close to a compromise on how the regulator's rules applied to foreign corporations dealing with banks in the US.
According to Oriens, a US$30-million merger/acquisition was a future possibility. Oriens Travel & Hotel Management Corp. (OTHM) announced that the FROL Booking Engine exceeded the company's expectations.
Jack Lew, US Treasury Secretary, confirmed that Chinese regulators will be handing over documents about US listed companies based in China; a move that may dissolve disagreement about several accounting scandals.
Neptune increased its stake in Acasti Pharma Inc. Neptune Technologies & Bioressources Inc. announced Friday its acquisition of 6,750,000 Class A common shares from Acasti Pharma Inc.
The increase in interest rates and decrease in stock price took off the glow in consumer sentiment. In early July, fears regarding increasing interest rates and decreasing share costs dinged US consumer sentiment.
Calpers, a US $259 billion fund, delays the launching of its database that would make known information about their pensioners.
The Financial Stability Oversight Council designated American International Group and GE Capital as systemically important to the financial system.
Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.
US venture firm fundraising activity decreased 54% in the second quarter this year. There was a decline of 54% in fundraising by US venture-capital firms in the second quarter.
Leaps's average 1,320 contracts per day climbed to 7,139 contracts which raised questions from options analytics.