A source told Reuters that US Federal Reserve Vice Chair Janet Yellen was still the top choice to succeed Chairman Ben Bernanke in January.
Investors
City of Stockton nearing deals to exit bankruptcy
A draft bankruptcy plan is in the works for the city of Stockton and its bond creditors and other insurers.
Samsung offers settlement for EU probe on patent lawsuits
The South Korean technology firm Samsung offered to settle with the EU Competition Commission as to the patent lawsuits currently being investigated.
NALCO to undertake expansion and diversification program
NALCO, through a plan unveiled at its annual general meeting, would expand and invest in the energy, non-ferrous and other sectors.
AirAsia CEO on Tata-SIA MoU: non-issue
According to AirAsia CEO Tony Fernandes, the MoU signed by Tata and Singapore Airlines is a 'non-issue'.
Latest News
Analysts and industry executives gave their take on the USD 4.7 billion buyout offer for BlackBerry on Reuters Instant View.
NCUA files case against Morgan Stanley and 8 others for selling USD 2.4 billion in faulty securities
A US regulator filed a case against Morgan Stanley and eight other lenders for selling faulty securities to two credit unions.
High end brand Massimo Dutti was given permission by the Foreign Investment Promotion Board to set up shop in India.
Compared to JPMorgan Chase, Citigroup's legal costs would easily reach USD5 billion. The next US bank primed for legal and regulatory scrutiny would be Citigroup Inc.
State officials who would be managing "Obamacare's" healthcare insurance said they are confident that they would still be able to access funds in the event of a government shutdown.
Leucadia National Corp bought USD 158 million worth of Harbinger Group Inc shares from Philip Falcone's hedge funds.
Sources told Reuters that the United Overseas Bank of Singapore and the Australia & New Zealand Banking Group was contemplating a bid for Wing Hang Bank.
South Korean electronics maker LG would be launching its newest smartphone, the G2, next month. Electronics maker LG would be launching the G2 at the Four Seasons Hotel in Riyadh on October 1.
Swiftype, a software company that assists clients to integrate search engines in their company sites, raised another USD7.5 million in its recent funding round.
