Deutsche Bank AG was under review for excessive entertainment expenses made for pension fund executives.
North America
Furniture Brands wins approval for bankruptcy financing
Furniture Brands International Inc. won an approval for bankruptcy financing in a hearing held today at Wilmington, Delaware.
BlackBerry to lobby Canadian Government over foreign-takeover rule
BlackBerry Ltd. was scheduled to meet with Canadian lawmakers to discuss the Investment Canada Act as investor concerns increased that a domestic buyout of the struggling company would no longer be possible.
Marriott, Starwood shares increase after Wang announced acquisition of hotel chains
Shares of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. had increased following the announced acquisition of hotel chains by Dalian Wanda Group's Wang Jianlin.
Tina Brown exits Daily Beast
Daily Beast editor-in-chief Tina Brown announced that she would step down from her post and exit the company for a new venture.
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The buyout firm is now the second largest shareholder in News Corp after mogul Rupert Murdoch. CORRECTED: Reference of Southeastern Asset Management as a hedge fund when it is a global investment management firm.
The complaints from Fire Island residents post Hurricane Sandy was the reason that Verizon started to change its tune on its actions.
John Landgraf, Chief executive of FX Networks, criticized CBS and Amazon openly about their current agreement for the latter to stream episodes of new shows like "Under the Dome" days after it aired on primetime TV.
Because of the uncertainty as to the result of the case filed in court, the deadline of the merger between the two airlines was sought to be extended.
Bill de Blasio topped the first round of Democratic voting for the mayoralty polls in New York. Public Advocate Bill de Blasio topped the Democratic vote in the primary elections in New York.
Creative Learning subsidiary BFK Franchise Company, LLC had announced that it would be selling a Master Franchise to Blockheads Ltd.
After the fall of the iconic Twin Towers building in 2001 due to terrorist attacks, the city of New York had funded the reconstruction with USD250 million cash and USD1 billion sale of bonds.
Bill De Blasio scored 40.2% in unofficial tallies, and if the scores were official, would secure him a Democratic nomination for the New York mayoralty candidacy.
Verizon Communications Inc. latest corporate bond sale was expected to fetch around USD49 billion. The financial market would be expecting Verizon Communications Inc.
