General Electric Capital Corp would be divesting its stake in GE Money Bank in an IPO scheduled in the fourth quarter.
Investors
Tesco says any deal in China will go through new retail venture
Tesco Plc said that any deals that would take place in China would be funded through its new retail venture with China Resources Enterprise Ltd.
Fonciere des Regions purchases EUR 351 million worth of homes in Germany
Fonciere des Regions bought a total number of 4,000 homes for EUR 351 million or USD 477 million. Paris-based Fonciere des Regions (FDR) purchased 4,000 homes in Germany for a total of EUR 351 million or USD 477 million.
Bitcoin value sinks after FBI busts Silk Road
According to a Reuters report, the value of bitcoins had decreased following the arrest of Silk Road, an underground website allegedly selling illegal products and services.
Two PE funds claim serious irregularities in the operations of Fourcee Infrastructure Equipment
In documentation filed with the Company Law Board, two PE funds seek the appointment of an administrator to oversee the forensic audit for the company.
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Toshiba Corp chief executive Hisao Tanaka told Reuters that his company would decide on buying a major stake in UK nuclear venture NuGeneration.
A court-appointed trustee asked a bankruptcy judge to return more funds to MF Global Holdings' clients, said a Reuters report.
Forgame Holdings Ltd experienced a premium of one-third of its stock price during its trading debut on the Hong Kong Stock Exchange on Thursday, said a Reuters report.
Information technology news site Techcrunch said in a report that investment by venture capital firms in startups that are a least a decade old had been increasing.
In an announcement today, passenger travel search engine company Skyscanner announced that Sequoia Capital had placed investment commitments to the startup valued at USD800 million.
Algorithmic trading platform Quantopian raised USD 6.7 million from Khosla Ventures and Spark Capital.
Fubon Life Insurance Co would be buying real estate overseas after the Taiwanese regulator eased restrictions for insurance firms on property investments.
Westports Holdings Executive Chairman G. Gnanalingam became a billionaire with the port operator's initial public offering.
Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
