Prime Ventures invests in mobile games platform AppLift. An additional investment of USD7 million from Prime Ventures was received by mobile games marketing platform AppLift.
Firm Management
Previ to utilize fund managers to diversify asset base
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
HSBC's loss may increase over time
Due to the statement by US District Court Judge Ronald A. Guzman, the USD2.46 billion judgment payment charged to HSBC Holdings for improprieties of its unit International Household, may increase due to interest on amounts due.
CBOE Holdings Inc announces rescheduled opening on its website
CBOE Holdings Inc, the largest US options exchange owner, announced on its website the schedule for trading using the VIX.
NRG Energy acquires assets from Edison Mission
An agreement was signed between NRG Energy and Edison Mission for assets worth USD2.64 billion. The largest independent power producer in the United States, NRG Energy Inc, had entered into an agreement to purchase most of the assets of the bankrupt Edison Mission Energy.
Latest News
Series A funding round for FIELDS raised USD5 million led by ClearVue Partners. The premier online grocery store in Shanghai, FIELDS, with its strong focus on safety, freshness and quality, announced a USD5 million Series A investment round.
Preferred Freezer Services, Sinotrans Ltd, Yang Ming Marine Transport Corp and Yida Group form joint venture.
Named 'The Cartel', US regulators are reviewing how these individuals comprising the group may have influenced or attempted to manipulate the market.
About USD43 billion was pulled from the money market as investor fears of US debt crisis reached its height prior to Wednesday nights passage of much needed legislation.
The Department of Energy loan given to the now floundering Fisker was bought out by an investment firm headed by Richard Li.
A decision by US Judge Ronald Guzman put HSBC's Household International Inc liable to pay USD2.46 billion as settlement for misleading its investors.
Presented evidence on another case is being used as evidence to prove Barclays' hand in the recent LIbOR rigging scandal.
With Michael Dell owning 75% of his company, the new board would consist of himself and two other appointees from Silver Lake Management.
The seven year battle between federal prosecutors and Stephen A. Cohen's SAC Capital Advisors nearing a compromise agreement.
