Credit rating agency Standard and Poor's (S&P) said in a court filing that the reason US Justice Department filed a case against them was to get back for downgrading US' credit rating last August 2011.
Sectors
Pexco LLC to buy Spectrum Plastics
Pexco LLC announced to buy Spectrum Minnesota, an injection molder of advanced thermoplastics operator.
HSBC to appoint Stuart Rose for Advisory Role
HSBC Holdings had appointed former Marks & Spencer CEO Stuart Rose for an advisory role in the company.
BofA agrees to CCB stake sale
Bank of America said it would sell its 2 billion shares in China Construction Bank Corp. Bank of America Corp had expected to end an eight year investment in China Construction Bank Corp.
ABS Capital Partners invests in iZotope Inc.
iZotope Inc received USD12 million from ABS Capital Partners. One of the leading audio technology company announced a USD12 million investment from ABS Capital Partners.
Latest News
China Merchants Bank Co. announced that it had raised USD27.5 billion listed on the Shanghai Stock Exchange.
Europe's biggest bank, HSBC Holdings Plc, said it had appointed Florian Fautz to be its global head for mergers and acquisitions.
Amidst falling revenues and declining stock values, Samsung plans the holding of a strategic conference for its future.
New policies are being instituted to make 'shadow banking' safer for market players, according to the European Union.
Bridgepoint Advisers Ltd. announced it hired Goldman Sachs for the sale of its Dutch textbook firm asset.
Panasonic President announced the firm's withdrawal from the Japanese smartphone market as well as the reduction of its smartphone operations.
CoreDial announced that it had received a USD 1.5 million senior debt facility from Silicon Valley Bank.
Resource Capital Partners announced the initial close of its mining fund with USD 85 million in capital commitments.
CR Bard announced acquisition of Rochester Medical valued USD262 million to boost its presence in the urology homecare market.
