Finance/Venture
Kingdom Holding Gets Refinancing
Kingdom Holding obtains refinancing for its Savoy Hotel purchase loan. In an announcement, Saudi Arabia's Kingdom Holding Co agreed to enter into a refinancing agreement on the debt it had used to purchase the Savoy Hotel in London.
ISS Advises JPMorgan Should Appoint Chairman to Look after CEO
ISS advises shareholders in JP Morgan to elect independent chairman. Proxy advisory firm Institutional Shareholder Services advised JPMorgan Chase & Co to disassociate the duties of a Chairman from the Chief Executive Officer.
Wall Street Expects Fed To Continue Stimulus Program
Wall Street is expecting the Federal Reserve to continue implementing its stimulus program. Wall Street is urging the Federal Reserve to purchase a total of US$1.
Vinik Asset Management to Close Shop
Vinik Asset Management is set to wind up its business, according to a report from the Wall Street Journal.