Bruce Bent and the Reserve Primary Fund management agreed to settle with their shareholders for USD 54.5 million.
North America
Cancel Egypt aid or US loses billions - Pentagon official
A senior official of the Pentagon told Reuters that the US government would be in danger to defaulting weapons contract payments should they halt Egyptian aid.
Workout, breakfast between CEOS set price for Verizon-Vodafone deal - report
The USD 130 billion price tag for the recently-concluded deal between Verizon and Vodafone was agreed over an exercise session and breakfast between the firms' two CEOs.
Sawiris interested in Telecom Italia but may not submit bid
According to tycoon Naguib Sawiris, he is interested in purchasing a stake in Telecom Italia but may opt not to in light of the Italian press' preference for Telefonica.
Carnival Corporation to invest USD180 million to comply with EPA air emission standards
Global cruise operator Carnival Corporation & plc would be investing USD180 million from its own capital in "scrubber technology" to comply with the air emission standards of the US Environmental Protection Agency (EPA).
Latest News
Youtube network firm Maker Studios announced its official acquisition of Blip for an undisclosed amount.
A Techcrunch news report said that personalized e-commerce and gift-giving startup Wantful would be shutting its operations down due to its inability to get additional capital.
Shuanghui International Holdings and Smithfield Foods Inc released a joint statement saying they received another clearance from the U.S. Committee on Foreign Investment on the food firms' USD4.7 billion takeover deal.
Court papers released to the public on Friday indicated that Bank of American Corp. and Merrill Lynch & Co. would be settling on its gender bias lawsuit filed on behalf by its female brokers for USD39 million.
Malkin Holdings, who manages the Empire State Building and its investors, to proceed with an initial public offering (IPO) of the building into a real estate investment trust (REIT).
U.S. District Judge Denise Cote would be exposing new restrictions on its ebook retail unit and will appoint an external monitor to oversee Apple would not be violating antitrust laws.
The buyout of Onyx Pharmaceuticals was tainted with conflicts of interest and undervaluation, according to its shareholders.
Startup firm BoostCTR had announced it had raised USD8 million in Series B funding and hired a new CTO for the firm.
WestView Capital Partners had wrapped up a total of USD430 million which sources referred to as an oversubscribed fund.
