Germany's coalition government formalized a measure to provide funds and expertise for a European bank to manage the loan agreements and if necessitated, closure of banks.
Sectors
Crowdfunding platform Prefundia leaves beta phase
Prefundia's crowdfunding platform would now be accepting project proposals from the public. According to a report by tech news site Techcrunch, crowdfunding platform Prefundia was now opening its doors to the public after three months in beta.
Naas Credit rejects merger proposal with Newbridge Credit
The Central Bank of Ireland assured the public that it had been pursuing an alternate solution to bail out Newbridge Credit Union after talks of a merger with Naas Credit Union had failed.
Orrick-Pillsbury merger to increase Wheeling activity - ex-CEO
Chairman emeritus and ex-chief executive of Orrick Ralph Baxter confirmed that his law firm Orrick, Herrington & Sutcliffe LLP and Pillsbury Winthrop Shaw Pittman LLP had been in negotiations to decide on a potential merger.
Investor hype does not spell long-term success for Twitter - report
A Forbes contributing article by an economist said Twitter's massive hype could not save itself from faring better on the stock market in the long-run.
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New broadcasting firm BT acquired exclusive rights to broadcast UEFA football games. BT had scored a coup in the multibillion pound sports broadcasting market.
Deutsche Bank AG said that new rules would not foster business but in the past week alone it had agreed on a couple of business related loans.
Since the Facebook bungle, Nasdaq had been hard pressed to recover to list more tech IPO stocks in its fold.
Market acceptance at an IPO lull period is the message Twitter sent to all fellow start ups. The initial public offer of Twitter had sent a powerful signal to technology executives reviewing market floats of Silicon Valley startups.
Hannes Smarson is facing embezzlement charges is his role in the misappropriation of funds from FL Group hf during his time as its chairman.
The Hustle, as it was known, rewarded volume instead of quality for mortgages sold by Bank of America to Fannie Mae and Freddie Mac.
Assam Chief Minister Tarun Gogoi, in a press conference, discussed the construction of a cancer and surgical cleft center in his state with the help of private entities.
The highest cost is the back pay for the furloughed employees according the US government data. Ironically, the sixteen day government shutdown and government service interruptions had actually helped the job situation in the United States, not hurt it as earlier expected.
Cargill India to construct industrial factories located in Punjab. Cargill, the agriculture firm, announced recently the preparedness in constructing INR 100 crore ultra modern feed plant located int he Malwa belt in Punjab.
