A Wall Street Journal report said that Citigroup and State Street were already preparing for a possible debt default by the US government.
Sectors
AstraZeneca purchases Spirogen for USD440 million
British drugmaker AstraZeneca announced on Tuesday that it had purchased biotech company Spirogen in a deal worth USD440 million in total.
Burberry names Bailey as new CEO replacement
On Tuesday, the Burberry Group said chief creative officer Christopher Bailey would be adding another responsibility as chief executive officer in the middle of next year.
Creditors of Energy Future fight over equity split
Secured lenders at Texas Competitive Electric Holdings and unsecured bondholders at Energy Future Intermediate Holdings (EFIH) were in a deadlock about their confidentiality agreements due to Energy Future Holdings' USD250 bond debt payments due on November 1.
Wumart Stores wants to purchase CP Lotus outlets- source
Wumart Stores was said to be in discussions with CP Lotus to buy the latter's units, according to a source who told Bloomberg.
Latest News
Trafigura Beheer and Mubadala Development would be purchasing a controlling stake in PortCo, a unit of MMX Mineracao & Metalicos.
The Wall Street Journal reported that China could allow foreign companies to sell shares in the free trade zone in Shanghai.
Tokyo Gas said it would looking at majority stake purchases for mid-sized LNG projects in Southeast Asia or Africa to bring down import costs.
After purchasing stake from OdontoPrev's CEO Luiz Zanetti, Banco Bradesco took full control of the dental care services firm.
Private equity firm KKR injected USD 300 million to First Data's balance sheets to help it refinance its debt.
Private equity companies were the reason for the frozen yogurt shop explosion in the US, according to a CNBC report.
Savient Pharmaceuticals filed for bankruptcy protection and court approval to sell assets to a US WorldMeds unit.
A snow storm in South Dakota killed thousands of cattle and caused tens of millions in losses. A sudden storm that came earlier than winter decimated thousands of cattle in South Dakota.
JPMorgan had valued notes at USD0.95 to the dollar, to be offered for the first time since January 2010.
