Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.
Sectors
Microsoft features company growth on Windows 8 tiles
Microsoft launched Microsoft by the Numbers that features a summary of the company from sales of licenses to consumed pizza slices.
Amazon Virtual Money boost App Revenue
Purchase of apps using Amazon coins saw a 50% weekly boost in revenues. The USD5 worth of Amazon coins was a gift well spent by Kindle Fire consumers. This in turn was an excellent money-generating move for both Amazon and app developers, according to tech evangelist Peter Heinrich.
CBS - Time Warner dispute had gov't, regulators intervene
As the dispute over terms of the retransmission contract between CBS and Time Warner Cable rages on, government representatives and federal regulators are considering to take action to end the dispute at the soonest possible time.
Glencore Xstrata unit cuts workforce, reduces budget in Philippine mine
A unit of Glencore Xstrata revealed that it would scaling back on its workforce as well as its budget in the Tampakan copper-gold mine in South Cotabato, Philippines.
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Yahoo entered into new partnership with Perion Network Ltd, which can benefit both parties by improving their individual services.
Blackstone expands apartments portfolio by acquiring 80 apartment complexes for General Electric, in anticipation of a booming apartment rental market.
The traditionally exclusive and sophisticated hedge fund investing market is now expected to be more open to the public through the partnership of Blackstone Group and Fidelity Investments, Reuters claimed.
Bill Ackman, the largest shareholder of J.C. Penney, have taken the offensive by airing out damaging statements against the company. In response, the board is discussing a possible retaliation.
As Blackberry announced its formation of a special committee to "explore strategic alternatives" like a possible sale to compete with its biggest technology rivals, conflict may arise.
Dole Food Co Inc agreed to be bought by David Murdock, after an increase in the offer price was given.
Campbell Soup Co announced that the sales of some of its European businesses to CVC Capital Partners is on the final stages.
Everspin Technologies announced that it was able to close its Series B funding round with USD 15 million from venture capital firms.
Encision Inc named Dr. Patrick Pace as its new non-executive Chairman of the Board. Encision Inc announced that Dr. Patrick Pace will be the non-executive Chairman of the Board.
