Standard and Poor's analysts have criticized the practice of Scandinavian banks. The biggest banks of Scandinavia have failed to curb risks of financial innovation and would avoid downgrades unless national regulators requiring stricter measures, according ratings agency to Standard & Poor's.
Regions
Carlyle Group to purchase Red Oak power plant, buys five others
The Carlyle Group said it would buy the Red Oak power plant in New Jersey and announced the completion of the acquisition of five other facilities in California.
Port Authority of New York,New Jersey sold WTC rights for cheap in 1986 - report
A revelation made by New Jersey newspaper The Record indicated that Port Authority of New York and New Jersey in 1986 sold the name "World Trade Center" for only USD10.
Russian Euro and dollar denominated bonds available
The benchmark debt from Russia has now been made available expecting a windfall after US Fed Reserve remarks on scaling back stimulus expenditures.
Microsoft expands music streaming to other operating systems
Microsoft allows Xbox music service to iOS and Android devices. In its latest move, Microsoft is allowing its Xbox Music service available to its Android and iOS devices in order to better compete with iTunes services from Apple, as well as Spotify Ltd and Pandora Media Inc.
Latest News
The law firms provided able legal support to the American Tower and MIP Tower Holdings. The largest operator of cellular towers in the United States, American Tower Corp, had entered into an agreement to purchase the parent firm of its rival Global Tower Partners.
The China Business News reported five officials of PetroChina were detained, a report that was denied by the oil company as 'inaccurate.'
Apollo Global Management would be buying Evo Banco for USD 79 million. Apollo Global Management agreed to acquire Evo Banco for EUR 60 million or USD 79 million.
Krehbiel family-founded Molex had agreed to be bought out by Koch Industries for USD7.2 billion. On Monday, Koch Industries had agreed to acquire Molex for USD7.
Although "Big Bang Theory" has yet to reveal its guest stars for its seventh season, CBS's comedy sitcom would be expecting to get a call from stars like William Shatner of "Star Trek" fame and even "Batman" TV series actor Adam West.
LeapFrog Investments gathered USD 204 million in capital commitments for Fund II. LeapFrog Investments collected USD 204 million for its second fund in just eight months.
The Nigerian sovereign wealth fund's head was in the process of determining among eight asset classes which one should be in the fund's portfolio.
Sources said China Huishan Dairy Holdings would be filing for a Hong Kong IPO to raise USD 1.3 billion.
The rule increasing the processing time from five to fifteen days was met with waves of complaints as it hinders business operations.
