After conducting reviews, JPMorgan found out that it had made about 9% mistakes in more than 1000 lawsuits filed against non-payment of its credit card holders.
Institutional investors
Asian REITs improving
Asian REITs improved. REITs or real estate investment trusts in Asia are improving. In Hong Kong, the New Century REIT debut with a gain of 0. 6%. This REIT was backed by the Carlyle Group.
Philippine FDIs skyrockets - Central Bank
According to the Central Bank of the Philippines, foreign direct investments in the country leaped in April.
Fitch gives 'BBB-(EXP)' rating to Indonesia's bonds
Fitch gave a 'BBB-(EXP)' rating to Indonesia's USD-denominated global bonds. Fitch Ratings assigned a 'BBB-(EXP)' rating to Indonesia's USD-denominated global bonds.
Polaris Private Equity acquires HTC Sweden
Polaris Private Equity acquired HTC Sweden. A private equity firm, Polaris Private Equity, acquired HTC Sweden AB. The acquired company is a floor grinding systems and surface preparation equipment manufacturer from Sweden.
Latest News
Neutra Corp. entered a joint venture with Vertigo Technologies through its subsidiary, Cannabis Technologies, Inc.
Santander Consumer released plans to raise US$50 million in its IPO. The lender behind Chrysler Capital, Santander Consumer USA, released a plan to raise at least US$50 million in an initial public offering, according to official papers filed with the U.
Global Blue and NTT DATA established joint venture, Global Blue TFS Japan Co., Ltd. to provide tax refund services to foreign travelers in the country.
Chromebooks have effectively captured 20% to 25% of the U.S. laptop market according to report. Google Inc. 's Chromebook was brushed aside as a mildly cheap laptop with limited appeal when it was released two years ago.
Tech Finance extended its noteholder tender offer expiry date to July 11, 2013. Technicolor announced that the expiry date of Tech Finance's noteholder tender offer would be extended to July 11, 2013, which was originally set for July 9.
A biotech company wants to raise US$125 million through its IPO. Intrexon Corp, a Florida-based biotechnology company, has filed with U. S. Securities and Exchange Commission an initial public offering of common stock.
Nuclearelectrica IPO delayed until late July, at the least. Nuclearelectrica has announced that its initial public offering would be postponed until late July, at the very least.
Kymeta, an antenna developer and a spinoff of Intellectual Visions, raises US$50 million. Kymeta, a Redmond-based satellite antenna developer, said it had raised $50 million in capital.
Active Power named board chairman as new interim president and CEO. Active Power named its chairman of the board, Dr. Ake Almgren, as its new interim president and chief executive officer.
