The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.
Investors
Bega Cheese gets regulator approval for Warrnambool Cheese bid
An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
Essent Group raises USD 335 million in IPO
Essent Group raised USD 335 million for its initial public offering in the US. Mortgage insurance firm Essent Group Ltd was able to gather USD 335 million in its initial public offering.
McDonald's and Kraft to sell McCafe in US groceries in 2014
McDonald's and Kraft to sell packaged McCafe-branded coffees in 2014. McDonald's Corp and Kraft Foods Group Inc agreed to sell packages of McCafe-branded coffees at retail locations and grocery stores across the US in 2014.
JP Morgan’s Richard Usher put on leave, Citigroup Inc follows
Richard Usher put on leave, Citi's chief Roham Ramchandani follows. Richard Usher, the chief currency dealer in JP Morgan in London, has been put on leave.
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The US central bank said it was going to continue its purchases of bonds worth USD 85 billion a month to keep interest rates low.
The F-35 fighter jet dropped its first bomb to hit a ground target in its first delivery test. The Pentagon said F-35 fighter jet hit its first ground target in a delivery test.
Eurobank Ergasias SA failed to meet it capital requirements may now be force to sell shares at losing price.
Intel Corp. and Verizon Communications Inc are talking to about Intel's Web-TV. Intel Corp. , and Verizon Communications Inc. are having talks about possible takeover of Intel's TV delivery over the Internet, according to a report by Bloomberg.
Shareholders in the largest milk producer in China sold nearly 5.2% stake. A group of shareholders raised nearly HKD855. 4 million or USD110 million from the sale of 5.
Stanford Marine Groups prepares for its debut in the London stock market, hires heavyweight investment bankers.
The term sheet indicated a USD150 million note with a maturity of five years for Modern Land offered to the bond market.
The five year USD300 million Singaporean backed note is now bring priced at the higher range indicating high demand.
Firms stand to earn nearly USD50 million from the Twitter IPO. During the visit of Twitter to New York last week, executives of JP Morgan Chase & Co had mingled outside their offices with jackets emblazoned with the logo of the microblogging site.
