Deutsche Bank loan creates REMIC to become a bond for market purposes. Deutsche Bank's loan facility to Five Ten Capital, an asset manager based in California, will be facilitating the creation of a REO-to-rental bond.
North America
Penguin Group and Random House Obtains Canadian Approval
The Canadian Competition Bureau and the Department of Canadian Heritage have approved the merger of Random House and the Penguin Group.
AMD Primed for Market Growth
AMD has reported a higher revenue compared to the previous year, flush with cash and a top notch development team.
BP Reviewing Mad Dog 2 Project
BP is now undertaking a specific review of Mad Dog 2 as to the economies of scale and profits. British Petroleum is currently taking a new look at its oil project in the Gulf of Mexico.
IBM shares affects Berkshire Hathaway portfolio value
On paper, the loss of US$1.168 billion resulted from the share price decline of the blue chip stock IBM.
Latest News
Sprint, while reviewing the Dish offer, sought continuance for the FCC review of the SoftBank offer.
SeaWorld CEO hints at overseas expansion in light of successful IPO. From the humble beginnings of being a parking attendant at Busch Gardens, James D.
The recent issues with FreePort McMoRan's acquisitions leave its future much in doubt. Last December 5, 2012 Freeport McMoRan Copper & Gold announced that it had acquired Plains Exploration & Production and McMoRan Exploration for US$10.
Peltz's Train Fund exploring possibilities in the snack food business. Nelson Peltz's Trian Fund Management bought US$3. 7 billion shares from Mondelez International and PepsiCo, according to sources that have knowledge of the investment.
According to the federal court, the case between AIG and Bank of America should be heard in state court.
For a symbolic dollar, Provo sells its network to Google. Google's Fiber is destined to be located in Provo, Utah after the search engine giant has entered into an agreement with the city's network for just US$1.
Blackhawk, Safeway's company, priced its IPO above initial pricing. The gift card provider, Blackhawk Network Holdings Inc, is owned by Safeway Inc recently announced it has raised US$230 million in its inital public offering.
NovoPedics obtains funding from Foundation Venture Capital. The recently established NovoPedics was able to obtain a $500,000 funding from Foundation Venture Capital.
Blackstone is in the process of selling Barker Block in Los Angeles. Blackstone Group LP is in the process of selling off its London West Hollywood hotel property to maximize the benefits provided by the surging Los Angeles lodging market.
