The China Banking Regulatory Commission had sought opinions to allow companies to set up financing firms that offer loans for retail purchases under certain parameters.
Sectors
Royal Park sues Credit Suisse over residential mortgage backed securities
Royal Park claims fraud in the marketing and sale of residential mortgage backed securities. A suit was filed against the Credit Suisse Group AG in New York for USD359 million worth of residential mortgage-backed securities.
OAO Gazprom Neft seeking new loan terms
OAO Gazprom Neft, the Russian state owned natural gas giant, has been shopping around for lower interest rate termed loans.
NY Knicks has new president for basketball operations
NY Knicks rehired Steve Walls as its new president after the appointment of Steve Mills. Steve Mills had completed his return to the NBA as the new President and General Manager of the New York Knickerbockers.
Fibrocell shares fell after announcement
Fibrocell Science's market value fell after it offered 11 million shares of stock. Fibrocell Science shares fell in market value after the company had announced it would be selling 11 million shares of its stock.
Latest News
Commuters who take the Metro-North Railroad train may need to wait for three weeks until the cable failure that disrupted operations yesterday would be fixed.
Carl Icahn had set to meet Tim Cook to discuss the future of Apple. Billionaire activist investor Carl Icahn would be meeting Apple Inc CEO Tim Cook on September 30 in New York.
In a interview at a Harvard fundraising campaign, Microsoft chairman and founder Bill Gates admitted that the keyboard combination of Control, Alt and Delete keys to log into a PC was a mistake and should had only been one key.
The Hartford Financial Services Group announced that it would continue to provide home and auto insurance products to AARP members.
According to information technology news site CNet, Apple Inc's iPhone and iPad customers experienced symptoms of motion sickness because of operating system iOS 7's parallax and zoom features.
In a released statement, Blackberry Ltd said that it would be cancelling its quarterly earnings call and webcast scheduled for Friday this week.
The USPS had proposed to raise the price of its first-class stamp to USD 0.49. The US Postal Service (USPS) has proposed to increase the cost of a first-class stamp by USD 0.
Automattic, Inc, parent company of open source blogging and content management system service WordPress, announced in a blog post that it had acquired content sharing technology startup Cloudup with no financial details disclosed.
Sources revealed to Bloomberg that British private equity firm 3i Group Plc was seeking to add members who specialize in buyouts for its UK and Germany private equity teams.
