Blackrock Inc victorious in court battle as U.S. district judge dismisses compensation lawsuit. A U. S. judge dismissed a lawsuit filed against BlackRock claiming it looted securities-lending revenues from iShares exchange-traded funds investors.
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Nintendo offers new low price console and cuts Wii U price to compete with Sony, Microsoft
Nintendo announced on Wednesday that the company will give a USD50 discount on its high-priced Wii U consoles and would be offering a new low-priced console.
Qantas reports profit despite international loss
Despite a beleaguered international division, Qantas Airways posted an annual profit of AUD5 million.
Advanced Semiconductor Engineering Inc to gather USD 400 million through convertible bond sale
Taiwan-based Advanced Semiconductor Engineering Inc would be selling convertible bonds to raise USD 400 million.
Allianz nears deal to outsource IT services
German insurance firm Allianz announced that it is nearing a deal to outsource its information technology services.
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Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup. Former board member Bill Ackman is officially through with the retailer.
US government widened probe into JPMorgan's hiring practices to include countries across Asia. An investigation into JPMorgan's hiring practices in China uncovered evidence that links hires to specific deals.
Capital One hires former bankers to spearhead the credit card company's expansion into the energy business.
Blackstone finalized a settlement with its investors over alleged misrepresentations during its IPO.
Verizon is now in discussion with banks to fund the USD130 billion buyout offer for Vodafone's 45% shareholdings.
Global firms had eyed on agrochemical manufacturers as agrochemical patents in India would expire by 2020.
Aircel Ltd announced refinancing its existing debt through a tie up of nearly INR8 billion loans. Aircel Ltd. is a privately held telecom operator. The company had announced seeking nearly INR8 billion in loans with IDFC and Credit Suisse.
ShopPad announced today that it had received a total of USD500k in seed funding from angel investors.
Two more operators join the 4G race in Britain as it jumps into the superfast mobile top division. Britain is preparing to launch itself into the superfast mobile top division as two more operators launch 4G services.
