JPMorgan to settle “whale” probes with USD900 million payment

JP Morgan Chase & Co. had been poised to pay approximately USD900 million to settle claims from both US and UK regulators.


Activision stock sale blocked by Judge

The proposed share buyback of Activision Blizzard Inc. of its Vivendi SA's shares was blocked by a judge in Delaware Chancery Court in Wilmington.

Goldman Sachs to start Asia hedge fund

Goldman Sachs Investment Partners started a new Asian fund named Oryza Capital early this month, according to sources.

GMR sells 74% stake in Ulundurpet Expressways

On Wednesday, GMR Infrastructure announced it had sold its stake in its highway construction unit to India Infrastructure valued INR222 million.


Latest News

East West Bancorp and MetroCorp Bancshares Inc. announced today the signing of a definitive agreement for the merger of MetroCorp into East West.
According to sources, NewStar Financial Inc. had been looking on a possible sale and hired Credit Suisse Group to solicit offers.
Today, Walker Digital and GlobalOptions Group announced that the two firms had completed its previously agreed merger which formed the new entity called Patent Properties Inc.
The case against SAC Capital and Michael Steinberg was bolstered with the testimony of former analyst Ron Dennis as an uncharged co-conspirator.
The Hutchins Family Foundation is donating USD15 million for the establishment of the Hutchins Center for African and African American Research.
According to ThyssenKrupp CFP Guido Kerkhoff, there are still plans to sell off its Americas units, under certain conditions.
On Wednesday, Hilton Worldwide said it would start marketing a high yield bond valued USD3.25 billion on Thursday as a part of the company's refinancing ahead of its IPO.
Retrophin announced today that it had made another proposal to acquire all Transcept Pharmaceuticals Inc. shares of common stock valued USD4 per share in cash.
Today, Roadrunner Transportation Systems announced its acquisition of YES Trans Inc. valued approximately USD1.2 million in cash.
After the announced stake sale last Tuesday, Varde Management and Deutsche Bank had raised GBP108.6 million from the sale
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