PAL announced that they are conducting preliminary talks with ANA and Emirates for possible venture San Miguel Corp (SMC) announced that they are conducting preliminary talks with Japan's All Nippon Airways (ANA) regarding a possible partnership for Philippine Airlines (PAL).
Sectors
S&P Lowers SoftBank's Rating After Winning Sprint Deal
S&P lowered SoftBank's rating after winning the bid on Sprint. According to a statement by Standard & Poor, SoftBank ratings were lowered from BBB to the highest non-investment grade of BB+, with a stable outlook.
Oregon Introduces its “Pay It Forward” Student Loan Program
Oregon introduced its “Pay It Forward” student loan program, a hybrid between the old college loan model and Peter Thiel's investment approach.
Lloyd's Building Sold To Chinese Insurance Company For US$388 Million
A Chinese Insurance Company bought the Lloyds' building in London for US$388 Million A leading Chinese insurance company agreed to buy the Lloyd's Building in London.
Yahoo's Top Lawyer, Michael Callahan, Now at Auction.com
Yahoo's top lawyer, Michael Callahan, was now at Auction.com. Michael Callahan, Yahoo's top lawyer since 1999, now works at Auction. com as its Executive Vice President and Chief Legal Officer.
Latest News
An acquisition deal for Envision Pharmaceutical Holdings by TPG Capital may be announced as early as today.
Daiwa House Industry aims to raise US$1.4 billion through share issuance Daiwa House Industry, Japan's biggest home builder, aims to raise US$1. 4 billion in share issuance to finance a real estate development push which will help power the property sector.
The central bank of India announced its concern following the fast growing currency derivatives trading in the last three years.
Audi sees trade talks as chance to cut back on rules set by U.S. regulators Manufacturer of advanced lighting systems, Audi AG, sought the approval of futuristic headlights which will automatically dim for oncoming vehicles, which are set to be sold in the US.
The U.S. Treasury is being sued by Perry Capital LLC over its handling of Fannie Mae and Freddie Mac.
Real estate investment firm experts Martin Bronstein and Raplh Howard form new company BHW Former founders of Houston based Situs, Martin Bronstein and Ralph Howard announced the formation of BHW, a commercial real estate investment firm.
Ding Xuedong was appointed the new chief of the sovereign wealth fund of China and faced pressure to boost returns for the country.
Douglas J. Dayton, founding president of Target stores died at age 88 after his battle with cancer said wife, Wendy Dayton.
According to a person familiar with the matter, Steven Cohen would remain under investigation even after prosecutors missed a late July deadline for charges labeled as the largest insider trading in history.
