America's Motor City files for bankruptcy due to the decline in population and financial mismanagement.
Finance/Venture
Wells Fargo, PepsiCo leads US$29.3 billion bond sales
Wells Fargo & Co and PepsiCo Inc. top the list in bond sales this week. U. S. home lending company Wells Fargo & Co. raised US$5 billion of bond sales as New York-based PepsiCo Inc.
William Hague calls for EU reform
William Hague said that he is calling for a reform in the European Union competences. UK foreign secretary, William Hague, called for a reform to decentralize power in the European Union for the benefit of all of its members, not just Britain.
Esendex buyout, Darwin's first investment in 2013
Private equity firm Darwin closes its first investment for 2013 with the success of Esendex management buyout.
Japan and US fiscal plans not mentioned in G20 communiqué
Fiscal plans for the United States and Japan escaped mention during the recent 2-day meeting of G20 central bank governors and finance ministers.
Latest News
New York City Pension pledges US$ 500 million each to Apollo Global Management and CVC Capital New York City Public Pension Funds acquired their largest commitments to date to private equity via marquee funds From CVC Capital Partners and Apollo Global Management.
JP Morgan explores options to sell trading and physical commodities businesses. JP Morgan Chase & Co announced that they plan to step out of the business of trading and owning physical commodities which range from oil to metals.
China Investment Corp, which has US $49 billion investment from the government, posed a 10.6% return of investment from its overseas ventures.
China Investment Corp. posted a 10.6% return on its overseas investments last year. China Investment Corp. , the country's sovereign wealth fund, posted a 10.
Smedvig Capital invested GBP 4 million into Kings Court Trust. Smedvig Capital, a private equity investor based in Mayfair, pumped in GBP 4 million into Kings Court Trust.
Two private equity funds owned by Sun Capital Advisors Inc. are held liable for an employer's withdrawal in a pension plan.
The Namibian Competition Commission has successfully handled 221 mergers and acquisitions from its inception in 2009.
Private equity financing can help solve the lack of growth of small and medium-sized enterprises in Rwanda.
W.P. Carey is set to shell out US $4 billion to purchase Corporate Property Associates 16 - Global Inc.
