The New York Fed was looking more closely at mortgage real estate investment trusts, according to a report from the Financial Times.
Investors
NTT Communications to purchase Virtela Technology for USD 512 million- source
A source told Bloomberg that Virtela Technology Services would be bought by NTT Communications Corp for USD 512 million.
GM denies problems with SAIC Motor Corp partnership
General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.
Patton Boggs to merge with bigger law firm- sources
Sources told Reuters that Patton Boggs was talking with another law firm for a possible merger. Sources told Reuters that Washington-based law firm Patton Boggs was in merger discussions with a larger law firm.
Chong Hing Bank shares plunge as trading resumes
After accepting Yue Xiu Group's takeover bid, shares of Chong Hing Bank dropped the most in five weeks.
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Livonia Partners would be investing in three Baltic economies with a private equity fund valued at USD 117 million.
Vancouver would be the first city in the world to host a bitcoin ATM. The first bitcoin automated teller machine would be installed in Vancouver, Canada.
An estimated USD 28 million worth of bitcoins was confiscated by authorities from the computer hardware of Ross William Ulbricht.
The construction of a fire escape led to the fire at Yuengling Brewery's Tampa, Florida plant. The fire that razed the storage building of Yuengling Brewery in Tampa, Florida was caused by the construction of a fire escape.
Yuengling Brewery would resume operations on Monday after Saturday's fire. The fire that hit Yuengling Brewery in its facility in Tampa, Florida would not affect the company's operations.
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment. Equifax Credit Information Services, the India-based credit information bureau, announced that State Bank of India would be making an investment in the company.
If the new airline becomes profitable, expansion through acquisition of other airlines in the European countries would be next on the agenda for Air Serbia, according to Deputy Prime Minister Aleksandar Vucic.
Despite saying the deal is finalized, a Dongfeng executive said it may take a bit more time before its completion.
In nixing the deal to allow the exit of Marathon Oil, a below market offer would be made shortly by the Libya owned NOC for the shareholdings.
