Rajat Gupta was fined US $13.9 million after court found him guilty of insider trading. Federal authorities ordered a former executive of Goldman Sachs Group Inc.
Sectors
Neuberger Berman launches fund that invests in the Greater China Region
Neuberger Berman announced the launch of a new fund where it plans to invest in the Greater China Region.
Cascade Drilling buys Boart Longyear's E&I operations
Cascade Drilling announced that it had purchased Boart Longyear's Environmental and Infrastructure drilling operations.
USI Insurance buys Cohen-Seltzer
USI Insurance Services announced that it has completed the purchase of Cohen-Seltzer Inc. USI Insurance Services announced that it has completed its purchase of Cohen-Seltzer Inc.
Wisdom Tree feels US Fed's positioning
The currency hedging activities together with the Fed Reserve's announcement has a grave effect on the Wisdom Tree Japan Hedged Equity Fund.
Latest News
Mister Spex bought Loveyewear and Lensstore in a bid to enhance its international presence. Two Swedish online eyewear shops, Loveyewear and Lensstore had been bought by Mister Spex, also an optic shop with heavy online operations.
Karlin Real Estate Lending provided World Class Capital Group with US$20 million to help it acquire Andrita Studios in Los Angeles.
Home Afrika is set to create REITs that would finance several property projects in Sub-Saharan Africa.
Woolworths Ltd. reported losses amounting to AUD $139 million stating it was spiked by weak sales and high start up costs.
Harrison Street Real Estate Capital sealed its fourth fund after raising US$750 million from various investors.
The Overseas Union Enterprises rakes in US $476 million from its initial public offering of hospitality and retail assets in Singapore.
I Squared Capital opened a US$2 billion fund which will be used to invest in energy, utilities and transportation.
Allstate Corp announced plans to sell its insurance business to Resolution Life Holdings for US$6 million
Florida Community Bank bought the Great Florida Bank to improve its capital structure. Florida Community Bank finalized a deal to obtain Great Florida Bank.
