JP Morgan Chase & Co. CFO Marianne Lake forecast losses from its mortgage origination business during her presentation to investors held last Monday.
Investors
Groupon Getaways acquires Blink
Blink, the online travel app was purchased by Groupon for an undisclosed amount. Groupon announced the acquisition of Blink, an online travel app. The focus of Blink is the European market, with highly curated same day booking services to add on to the rapidly expanding Groupon Getaways travel business.
Aramark Holdings files for IPO worth USD100 million
Aramak Holdings Corp. announced launching an initial public offering worth USD100 million to repay debt.
Livefyre acquires Storify
Livefyre announced that it had acquired Storify without disclosing the financial terms of the deal. Livefyre is a commenting platform used by TechCrunch and other websites.
Koch becomes billionaire as craft beer rises
C.James "Jim" Koch had become a millionaire after the success of the Samuel Adams brand that turned Boston Beer Co. the second largest US-owned brewery.
Latest News
Today, HIG Capital announced its acquisition for a majority stake in Eletromidia, a leading player in outdoor advertising industry.
Facebook Inc. launched a new service allow news organizations to display public posts that mentions any topic in real time.
HookLogic raised a USD14 million in Series B growth funding. HookLogic had received a USD14 million Series B growth investment to further expand its leadership in the commerce search advertising industry.
Orange SA sees market consolidation as the next wave should Telefonica SA and Royal KPN NV merge. The largest phone company in France, Orange SA, said that if the Telefonica SA and Royal KPN NV bid to merge their German assets receives regulatory approval, there would be a major shake up in the telecommunications industry in Europe.
Blackberry shares jumped slightly as rumors of a buyout offer from its biggest shareholder became news.
Quality Systems Inc. announced today that its acquisition of Mirth Corporation was to enhance its client data exchange offerings and current company interoperability initiatives.
Mobile gadget news and reviews site GottaBeMobile reported that Apple Inc. would be releasing its newest iPhone security addition in its operating systems for its mobile gadgets that would lower mobile theft crime rates of newer iPhone models.
In a statement on Monday, JPMorgan Chase would be expecting Linda Bammann and Michael Neal to fill the bank's Board seats left vacant by its predecessors in July.
The Fiat-VEBA deak was expected because of the absence of top executives in the Frankfurt Auto Show.
