According to an IFR report, UK mutuals may not be able to survive the tough new regulations imposed by UK authorities.
Sectors
HD Supply Holdings IPO Below Set Price Range
The initial pegged price for HD Supply Holdings IPO shares was not achieved, as buyers bought the shares at below set prices.
Oracle and NetSuite Reveal Cloud-Computing Alliance
Oracle and NetSuite unveiled an alliance agreement to deliver cloud-based services to business clients.
Verizon to Acquire Canadian Wireless Start-ups
Verizon Communications Inc. made an offer to buy Wind Mobile as a means of reentering the Canadian market to boost its growth prospects.
Lufkin Investigation Reveals No Breach of Fiduciary Duty
After due investigation, the special committee finds no breach of fiduciary duty conducted by the board of directors of Lufkin Industries for the GE deal.
Latest News
The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup. (Photo : REUTERS)Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
According to the German antitrust regulatory authority, the ownership of other service providers would delay and hamper Liberty Global's purchase of Kabel Deutschland.
After a previous disapproved bond issue, British Airways again attempts to float asset backed bonds to raise funds.
Tilal Development Co would be issuing a sukuk whose proceeds would be used to pay off debts and expand the Muscat Grand Mall.
Virgin Money recently returned to profitability after its acquisition of Northern Rock last January 2012.
Simon Havers was named as Odgers Berndston's new head. (Photo : Reuters)This is an image of executives based in London. Odgers Berndston, a United Kingdom-based private equity firm, named Simon Havers as its new executive to head its new private equity sector team.
Metacloud raised $10 million in its Series A funding led by Canaan Partners. (Photo : Reuters)This image represents cloud technology. Cloud solutions provider Metacloud said today that it closed its $10 million Series A fundraiser.
Steve Cohen was named by BenefitMall as its new vice president. (Photo : Reuters)This is the logo of BenefitMall. Steve Cohen, former vice president of sales at White Glove Health, was announced as BenefitMall's new vice president.
Rapid Micro Biosystems received funding from several lead investors. (Photo : Reuters)This is an image of workers in a microbiology laboratory. Rapid Micro Biosystems announced today that it has successfully received backing from lead investors Longitude Capital and TPG Biotech.
