Firms stand to earn nearly USD50 million from the Twitter IPO. During the visit of Twitter to New York last week, executives of JP Morgan Chase & Co had mingled outside their offices with jackets emblazoned with the logo of the microblogging site.
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Intel and Verizon in talks over TV service
Intel Corp. and Verizon Communications Inc are talking to about Intel's Web-TV. Intel Corp. , and Verizon Communications Inc. are having talks about possible takeover of Intel's TV delivery over the Internet, according to a report by Bloomberg.
China Modern Dairy shareholders sell 5.2% stake
Shareholders in the largest milk producer in China sold nearly 5.2% stake. A group of shareholders raised nearly HKD855. 4 million or USD110 million from the sale of 5.
Infosys settles with U.S. government over visa case for US$ 34 million
Infosys settled with US Department of Justice for US$34 million over visa fraud case. Infosys Ltd. , has announced that it has entered into a settlement with the U.
Stanford Marine hires bank for London stock market listing
Stanford Marine Groups prepares for its debut in the London stock market, hires heavyweight investment bankers.
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Microsoft sought an approval from the European Commission to take over Nokia's phone business in USD7.49 billion deal.
WebMD's acquisition of tech startup Avado would help the healthcare resource website regain its position back as a market leader.
Majority of the economists deduced that the size of the US Federal Reserve's bond-buying program would not be tapered.
BaFin had said they would review the whole transaction of RHJI purchase of BHF Bank. BaFin, the German financial watchdog, had announced last Wednesday it would be needing to start from scratch in the review of the sale of Deutsche Bank AG's unit BHF Bank after BlackRock had exited from the auction.
To provide credence to their power to fine, the Telecommunications Department had a legal opinion drafted on the matter.
PayPal's startup initiative might have been the company's way of giving back to its customers as the payment services company's growth continued to climb to astronomical heights.
CEO Jeremy Levin resigns from Teva, but board is confident they will find a permanent replacement. Jeremy Levin, chief executive officer of Teva Pharmaceutical Industries, would be stepping down effective immediately, according to a report by Reuters.
A meeting of local and state financial authorities relate the possible misuse of Urban Cooperative Banks by unscrupulous money launderers.
Clariant and Wendel's Stahl reached an agreement with former to receive millions and shares. Clariant AG, Swiss maker of specialty chemicals, had agreed to sell a leather-treatment unit to French investment company Wendel SA's Stahl, according to a report by Bloomberg.
