Indian business conglomerate Lanco Infratech begins debt restructuring process.
Indian construction company Lanco Infratech Ltd has initiated restructuring debts amounting to INR 75 billion (US$1.
Investors
Zynga stock loses US$400 million value
Zynga's stock valuation lost US$400 million. After reporting negative earnings, investors quickly unloaded Zynga's shares and let it drop 15% in regular trading.
US mobile payment crosses 10%, Starbucks pushes the same on select stores
Starbucks pushed mobile payment on select stores as US mobile payment crossed the 10% mark. Mobile payments, as a percentage of in-store purchases in the US, crossed the 10% mark.
IMF abandons plan to seek out Supreme Court for Argentina legal battle
The International Monetary Fund forgoes Managing Director Lagarde's recommendation due to lack of United States support.
Detroit court judge overrules charges against governor, emergency manager
Bankruptcy court judge suspends charges made by employees and pension holders to bring focus of the case back into Detroit courtroom.
Latest News
France takes legal steps to ban sales of new Mercedes models in line with ongoing dispute about harmful refrigerant.
Holding company JPMorgan Chase & Co. plans to quit the physical commodity business by selling physical trading assets Bear Stearns and RBS Sempra.
American smartphone maker Apple Inc fails to beat South Korean giant Samsung in the Chinese market. Tim Cook, Apple Inc's Chief Executive Officer, believes that the leading smartphone maker can crack into and dominate the Chinese mobile market.
The possible merger of French company Publicis with Omnicom is expected to topple competitor WPP from the top spot.
China-based developer is set to spend CNY 12 billion for a development in Qianhai thus becoming Shenzhen's biggest investor.
NYC Public Pension Funds seeks to create more partnerships even after it had pledged around US $1 billion to CVC Capital Partners and Apollo Global Management.
Facebook absorbs Monoidics personnel to be part of its team following the social networking site's acquisition of the startup company.
Barclays banks on issuing contingent convertible bonds (CoCos) to meet its obligations. Barclays Plc is looking to issue contingent convertible bonds (CoCos) in order to save money and still meet the three percent leverage ratio imposed by Prudential Regulations Authority, owned by the Bank of England.
The Mahindra Lifespace Developers sealed a joint venture agreement with SCM Real Estate (Singapore) Pvt Ltd, Standard Chartered Bank’s investment unit, to develop residential projects in India.
