Guy Carpenter said the global pension fund industry has invested USD 10 billion worth of funds in insurance.
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Blackstone president won't leave Blackstone despite third share sale
Blackstone Group President Tony James said he won't leave Blackstone despite share sale. Blackstone President Tony James said he was not looking for a career outside of the private equity industry.
Green Field Energy seeks bankruptcy protection
Oil service company Green Field Energy Services Inc filed for a Chapter 11 bankruptcy protection in a Delaware court.
NTT Communications to purchase Virtela Technology for USD 512 million- source
A source told Bloomberg that Virtela Technology Services would be bought by NTT Communications Corp for USD 512 million.
GM denies problems with SAIC Motor Corp partnership
General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.
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Nexon Co would be doing more deals to enhance market share and increase revenues in North America. Japanese online games maker Nexon Co said it would be looking more deals to increase its revenues in the US.
The New York Fed was looking more closely at mortgage real estate investment trusts, according to a report from the Financial Times.
Livonia Partners would be investing in three Baltic economies with a private equity fund valued at USD 117 million.
Vancouver would be the first city in the world to host a bitcoin ATM. The first bitcoin automated teller machine would be installed in Vancouver, Canada.
An estimated USD 28 million worth of bitcoins was confiscated by authorities from the computer hardware of Ross William Ulbricht.
The construction of a fire escape led to the fire at Yuengling Brewery's Tampa, Florida plant. The fire that razed the storage building of Yuengling Brewery in Tampa, Florida was caused by the construction of a fire escape.
Yuengling Brewery would resume operations on Monday after Saturday's fire. The fire that hit Yuengling Brewery in its facility in Tampa, Florida would not affect the company's operations.
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment. Equifax Credit Information Services, the India-based credit information bureau, announced that State Bank of India would be making an investment in the company.
If the new airline becomes profitable, expansion through acquisition of other airlines in the European countries would be next on the agenda for Air Serbia, according to Deputy Prime Minister Aleksandar Vucic.
