Alibaba’s Alipay Will Launch European Expansion This Summer

Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.

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Dunkin’ Donuts Expands Mobile Ordering to Rhode Island and Massachusetts, Aims to Roll the Service Nationally

Member of Dunkin' Donuts's reward program in Rhode Island Massachusetts can now enjoy a mobile ordering service via "Dunkin VIP" mobile app, available for iOS devices. The company is seeking to roll out the program nationally and is collecting consumer data to achieve that goal.

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Generali buys minority stake in Generali Asia for EUR40 million

Italian life and non-life insurance company Generali bought a 40% stake in Generali Asia for EUR40 million. Generali Asia is a joint venture of Generali and Banca della Svizzera Italiana in Switzerland.

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Wells Fargo settles mortgage bonds issues with FHFA

For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes

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Samsung Electronics to resell Seagate Tech shares for USD1.51 billion

After receipt of shares in Seagate Technology as payment, Samsung is now reselling the shares back to the Dublin based firm for USD1.51 billion.

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General Motors issues bond for payouts

General Motors newly issued unsecured bonds were offered to the market and was lauded as preparatory for the return to investment grade status.

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Saudi Telecom in talks to sell off Axis Telekom

Saudi Telecom, whose goal is to repay a USD1.2 billion debt, is planning to sell off its subsidiary to raise the funds.

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Isis to launch mobile payment service

Isis announced its plan to launch its mobile payment service this year.

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