Bunge Ltd CEO is seeking to sell off its 'crown jewels' as depressed prices and operating losses have made the business unprofitable.
Industry
UPS into big data make navigation less fuel dependent
UPS' new navigation system helps drivers use less fuel. United Parcel Service Inc. (UPS), one of the world's biggest package shipping company, uses customer data, drivers, and vehicles for its new route guidance system, according to a report by Bloomberg.
India Infoline to wind down retail brokerage services
India Infoline, in response to market movement away from equities, is closing down its retail brokerage division.
Argentina urges hold order on payment judgement to debt holders
In a filing with the US Supreme Court, Argentina seek stay of payment order issued by lower court. The Argentine government had filed an urgent motion in US Appeals Court last Friday to stay the hold order requiring the government to pay USD1.
Obama says shutdown clear sample of differences between parties
Obama, in a fundraising speech, said that the differences between Democrats and Republicans were exemplified in the recent budget impasse.
Latest News
Atlantic Grid had moved to connecting power for delivery to New Jersey state. The company that had plans to build an undersea power transmission line backed by Google, Atlantic Grid Development LLC, has refocused its efforts in moving electrical power across New Jersey instead of its original plan of interconnecting offshore wind farms.
The investigation into improprieties related to mortgage backed securities hinges its legality in a 1989 law.
Mercom Capital Group reported a wind sector investment for India totalling USD5.6 billion. The third quarter wind venture capital funding fell to USD135 million from USD210 million in the previous quarter of 2013.
As the UK and the US institute crowdfunding regulations, India is also drafting its own set of rules.
New inclusions to avoid the London Whale scandal is sought to be included in the new Volcker Rules, which may result in failure to meet the mandated year end deadline.
With a return of just 6.4% per year in traditional investment vehicles, a shortfall of 1.6%, many pension funds opt to invest in alternative options which promise higher returns.
Fund managers BlackRock Inc and Neuberger Berman Group LLC seek settlement in the amount of USD5.75 billion for mortgage backed securities fraud.
Called expedited processing, the Telecommunications Regulatory Authority of UAE would allow direct offers of prepaid products to be made by telcos.
Seeing a decline in its fees and revenues in its current market, Fidelity Investments goes into ETF management, a market dominated by the Vanguard Group and BlackRock Inc.
