Corporations

South Korea issued a bond-market aid package. South Korea announced that it would issue a bond-market aid package to increase liquidity in the market. This package was called primary-collateralized bond obligations, according to an emailed statement from the Financial Services Commission (FSC).

UK stocks rose to their highest in 6 months There was a rise in United Kingdom stocks this week, the biggest weekly gain seen in six months. There was an increase of 78.

Avnet Inc expressed their interest in acquiring MSC Investoren GmbH Avnet Inc announced that they have entered an agreement to acquire MSC Investoren GmbH (MSC Group).

McAfee announced the completion of acquisition of Stonesoft via tender offer McAfee announced the acquisition of Stonesoft via the completion of the tender offer that was announced last May 6.

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Fed's reduced bond buying threat resulted in fund withdrawals from several investors. After the Federal Reserve announced that it may slow down the pace of its asset purchases this year, several investors reacted by withdrawing their investments in mutual funds.

Shazam announced that they were able to secure a US$40 million funding from America Mobil Shazam announced that they were able to raise US$40 million for funding from America Movil.

S&P lowered SoftBank's rating after winning the bid on Sprint. According to a statement by Standard & Poor, SoftBank ratings were lowered from BBB to the highest non-investment grade of BB+, with a stable outlook.

A Chinese Insurance Company bought the Lloyds' building in London for US$388 Million A leading Chinese insurance company agreed to buy the Lloyd's Building in London.

Actis is finalizing a deal where it would make it a significant minority shareholder in Symbiotec Pharmalab.

TransAlta Corp planned to spin off its wind and hydroelectric power plants through an initial public offering to increase the company’s value.

PAL announced that they are conducting preliminary talks with ANA and Emirates for possible venture San Miguel Corp (SMC) announced that they are conducting preliminary talks with Japan's All Nippon Airways (ANA) regarding a possible partnership for Philippine Airlines (PAL).

An acquisition deal for Envision Pharmaceutical Holdings by TPG Capital may be announced as early as today.

Daiwa House Industry aims to raise US$1.4 billion through share issuance Daiwa House Industry, Japan's biggest home builder, aims to raise US$1. 4 billion in share issuance to finance a real estate development push which will help power the property sector.

The U.S. Treasury is being sued by Perry Capital LLC over its handling of Fannie Mae and Freddie Mac.