North America
Dexia to sell asset management arm
Belgian financial group Dexia said it would enter into exclusive talks with New York Life Investment as it planned to sell the company's asset management unit.
Consolidated Edison CEO and Chairman to retire by year's end
Kevin Burke, the long time CEO and Chairman of Consolidated Edison, announced his retirement from the firm by the end of 2013.
Groupon loses dismissal bid for the class action suit it is facing in court
In a ruling by Judge Norgle, Groupon was ordered to face the class action suit filed against it for securities fraud.
BIND Therapeutics announces IPO pricing
BIND Therapeutics announced the pricing of its initial public offer of 4,700,000 shares at USD15 per share.
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In order to sell its shareholdings during its IPO, ClubCorp Holdings is pricing its shares below marketed price.
CHC Group Ltd, a company owned by First Reserve Corp, had filed documentation seeking permission to conduct an IPO of its shares.
Sentry Equipment Corp. announced its acquisition of Accurate Tool Company assets. Sentry Equipment Corp is a leading worldwide supplier of industrial sampling products and systems.
Jyoti Bansal, founder of AppDynamics, have built a company that helps firms manage their high volume data.
According to Ford Americas President Joe Hinrich, this investment would expand their Oakville plant near Toronto, Canada.
The Re/Max Holdings IPO projected the revenues earned to reach USD241.5 million. The franchiser of real estate brokerages, Re/Max Holdings Inc. had filed documentation to raise as much as USD241.
The unions working for AMR Corp, the parent of American Airlines, and US Airways conducted a forwarded their displeasure on the suit filed by the antitrust division of the Justice Department.
Google has made a 'significant' investment in Calico, a company designed Google had announced its plans to form a new company to be named Calico.
James Gorman, the CEO of Morgan Stanley, said that he personally invest in municipal bonds, a biotech firm and for his children's accounts,in global equities.
JP Morgan Chase & Co. had been poised to pay approximately USD900 million to settle claims from both US and UK regulators.