JP Morgan Chase & Co. said that it would halt receiving any new businesses from foreign banks neither would it accept new clients.
Sectors
Feds seize another USD2.1 million from Mt. Gox
Mt. Gox's financial worries further increased after the US Department of Homeland Security took USD2.9 million from its Dwolla account and another USD2.1 million worth of frozen assets from the company's Wells Fargo accounts.
HopFed Bancorp reports terminated merger
HopeFed Bancorp Inc. announced today that it had signed a Mutual Termination Agreement to end a previous merger contract with Sumner Bank & Trust of Gallatin Tennessee.
Uber confirms raising USD258 million from TPG and Google Ventures
Uber, a startup company, confirmed that it had raise a total of USD258 million from Google Ventures and TPG and had taken several new members into its Board of Directors.
Brazil Real surges on USD60 billion plan
The central bank of Brazil had created an intervention plan of USD60 billion in loans and foreign currency swaps as inflation threatened the country's economy following the plunged of the real to a four year low this week.
Latest News
American International Group Inc. (AIG) would get a hefty USD905 million settlement from Brookfield Asset Management to resolve a dispute tied to interest rate swaps.
Rohan Murthy, son of NR Narayana Murthy, was appointed vice president of Infosys, said people who have direct knowledge regarding the development in the company.
Barring announced it plans to buy a controlling stake in Hexaware for INR1.6 million. Baring Private Equity Asia planned a controlling stake purchase in an outsourcing firm in India.
American Airlines and US Airways Group had sought for a trial that would rescheduled an anti-trust lawsuit filed against the proposed merger of the two airline companies.
Inventor John Levine of Nasdaq's exchanges systems said that the stock markets needed to be designed properly following the system breakdown yesterday which halted trading for three hours.
Bats Global Markets Inc. and Direct Edge Holdings LLC had been in merger discussions that would create two of the biggest stock exchanges in the US.
Microsoft CEO Steve Ballmer announced his retirement within the next 12 months through a statement issued on the company's website.
Clayton Dubilier & Rice LLC had raised a total of USD3 billion for its ninth investment pool said sources who were familiar with matter.
Cablevision Systems shares jumped to 42% within an eight week period after speculations on a possible sale heated up and shareholders Paulson & Co. and Gamco Investors Inc. said that a sale is likely.
