The public pension fund for policemen and firefighters is suffering a run as mass withdrawals further decrease the plan's funds. The city mayor has already applied for a restraining order so as to prevent the financial crisis from worsening.
Breaking News
Two other Fed presidents suggested the US central bank to raise interest rate. San Fransisco's John Williams said two or three rate hike in 2016 is reasonable. While Dallas' Rob Kaplan reminded to be patient.
The subprime online lender company Elevate Credit delays its IPO scheduled on Thursday. Teetering market has been the main reason of the postponement and high risk of online subprime lending service.
A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches.
Deutsche Bank AG's Asset & Wealth Management division said on Tuesday it has opened a private bank in Dallas with two former JP Morgan Private Bank executives at the helm. The move is part of a global push to increase the German bank's financial adviser base by 15 percent in the next three years.
Richardson, US-based secure cloud hosting firm FireHost received $25 million in its latest funding round led by Little Rock, Arkansas-based investment firm Stephens Group to fuel its growth and marketing campaigns.
California, US-based YouTube multi-channel network Fullscreen added Texas-based video game media firm ScrewAttack for an undisclosed amount just a couple of months after it bought mobile-video startup Supernova.
Austin, Texas-based startup CitySprout is raising $2 million in its second financing round to help consumers establish a link with the local farmers who produce their food.
New York, US-based tech giant IBM and Dallas, Texas-based telecom firm AT&T struck a strategic partnership that will create a simplified service that will help businesses deal with network security problems and other cyber threats.
Dallas, Texas-based luxury specialty department store Neiman Marcus confirmed that 1.1 million debit and credit cards could have been compromised during a malware attack from July 16 to October 30, 2013.
Dallas, US-based female-focused crowdfunding platform MoolaHoop acquires New York-based small business crowdfunding site Lucky Ant for an undisclosed sum to facilitate easier management of crowdfunding campaigns.
Dallas-based private equity firm Pharos Capital Group LLC added Shreveport-based behavioral health services provider Seaside Healthcare Inc for an undisclosed sum in a partnership with Pharos' founder.
A group headed by Dallas investor Tom Hicks has bought Dallas-based automotive services chain Just Brakes for an undisclosed sum, with plans to improve and expand the said business.
San Antonio based global media and information company Hearst Corp agreed to purchase an 85% stake in Dallas-based home health and hospice software maker Homecare Homebase LLC for an undisclosed amount.
Dallas-based TI and 7-Eleven executives attended a forum in the Southern Methodist University where corporate venture capital was discussed.
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