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Banks warn Obama of impending state debt defaults if government shutdown persists

Chief executives of major banks and President Barack Obama on October 2 had met and discussed financial repercussions of the government shutdown.


Marc Ecko says USD 25 million investment for Complex Media will be spent wisely

Marc Ecko told the Business Insider that the USD 25 million investment received by his company Complex Media would be used to benefit its shareholders.

Sechin says minority investors shares prices fair

Rosneft CEO Igor Sechin said the price offer for minority shareholders of TNK-BP Holding was fair. The share price offered by Rosneft to buy out minority shareholders of TNK-BP Holding was reportedly at a premium and should had no cause for complaint.

Icahn firm places a USD2 billion investment in Apple stock

Activist billionaire investor Carl Icahn said on CNBC his company had placed a USD2 billion investment on shares of Apple Inc.


Latest News

In a company announcement, Telecom Italia SpA Chief Operating Officer Marco Patuano was appointed as interim chief executive due to former Chief Executive Officer Franco Bernabe quitting his post yesterday.
Representative John Boehner was compared to a tantrum-throwing baby in a television commercial set to go live on Sunday night football.
Susan Bennett said she revealed her identity after the release of a Verge video showing people's interest in the voice behind Apple Inc's voice app Siri.
On the first day of the Presidents Cup, Lindsey Vonn placed a squirrel on the shoulder of boyfriend Tiger Woods.
Tiger Woods and the rest of the members of the US team led by one point over the International team on the first day of the Presidents Cup.
Treasurer for Australia Joseph Hockey extended the time frame for Australian regulators including himself to decide whether the acquisition of GrainCorp Ltd by Archer Daniels Midland Co would go against the national interest.
Oracle Corp founder Larry Ellison agreed to give up 95% of his USD575 million payout from terms of a buyout agreement with Pillar Data Systems Inc in order to appease the software company's investors.
A CNN interview revealed Susan Bennett as the voice behind intelligent personal secretary and navigator app Siri.
Vivendi Chairman Jean-Rene Fourtou told Le Monde, a newspaper, that he would be retiring after the company had split into two separate units.
A 47 year-old reclusive financier and private equity firm founder Suhail Rizvi would stand to gain from Twitter Inc's upcoming initial public offering.
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