The Hutchins Family Foundation is donating USD15 million for the establishment of the Hutchins Center for African and African American Research.

On Wednesday, Hilton Worldwide said it would start marketing a high yield bond valued USD3.25 billion on Thursday as a part of the company's refinancing ahead of its IPO.

After the announced stake sale last Tuesday, Varde Management and Deutsche Bank had raised GBP108.6 million from the sale

CME planning to create a platform SEF from the CFTC. The world's largest futures market, the CME Group Inc, had applied to create a new kind of platform known as a swap execution facility and this would focus on trading commodities derivatives.

The case filed by Lincolnshire Management Inc led to an arbitration award against it for its former CEO.

An oversubscribed fourth fund from Bison Capital Asset Management was recently announced to be closed.

The First Gulf Bank said it is not interested to bid for Barclays business in the UAE. The First Gulf Bank, a lender based out of the United Arab Emirates, said it has no plans to bid for the retail banking operations of Barclay in the country.

Emirates NBD agreed to a five year sponsorship deal with Manchester United Football Club. The largest bank in the United Arab Emirates, the Emirates NBD, recently announced a five year partnership agreement with Manchester United Football Club.

Criteo filed for a USD 190 million IPO in the Nasdaq Stock Market. France-based web advertising firm Criteo filed for an USD 190 million initial public offering in the US.

The first Gulf region company that would come out of bankruptcy places many Western courts at a quandary on Islamic finance.