Sectors
Bank of America reports USD1.5 billion funds added to purchase leveraged loans
Bank of America Corp reported about USD1.5 billion were added by investors into funds that purchase leveraged loans in the U.S.
Goldman takes the lead in Huarong Stake talks
Goldman is reportedly leading in the race with Morgan Stanley to acquire largest share of Huarong's stock sale.
Swire Pacific head Pratt retires, replaced by Slosar
Swire Pacific chairman Christopher Pratt, retires and is replaced former Cathay Pacific chief executive officer.
ParknShop receives bids from Woolworth, KKR
ParknShop, the biggest supermarket chain in China received bids from companies such as Woolworths, KKR and other investors.
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Wells Fargo and Co agrees to buy ING Real Estate Finance debt worth US$1.6 billion. Wells and Fargo Co agreed to purchase the twenty-nine loans incurred by ING Real Estate Finance debt.
The losses sustained by the owners of the NY Times because of the website being down is still to be calculated.
Watami Japanese chain of restaurants reveals plan to construct solar stations for Hokkaido. Watami Co (Watami) has announced that it will be building a solar station with Community Wind Power in Hokkaido, a northern island in Japan.
The US Securities and Exchange Commission approved the takeover by IntercontinentalExchange of NYSE Euronext.
Sources told Reuters BaFin gave investors interested in buying BHF-Bank until the end of August to give the information it needs to approve the sale or not.
Deutsche Bank AG increases structured notes deals bound to Agricole Credit according to a report by Bloomberg.
Game titles from EA are bundled together to raise money for the company's favorite charities. In order to raise money for its charities, Electronics Arts have offered to the market the Humble Origin Bundle.
Markel Ventures Inc bought Eagle Construction for an undisclosed amount. Virginia-based Markel Ventures bought Eagle Construction, a home builder also based in Virginia.
Michael Faber, the CEO of investment firm NextPoint Management Company, was appointed as a member of the board of CPI Aerostructures.
UBS can now exercise option to repurchase assets from the Swiss National Bank after paying off its bail out loan.