AMR and US Airways indicate new deadlines on their eventual decision on the merger as the lawsuit had affected the businesses.
Sectors
Bank of America goes to trial over fraud charges
Bank of America would go on trial this week over fraud charges related to home mortgages which was alleged to defraud Fannie Mae and Freddie Mac.
Fairfax sets floor for BlackBerry
BlackBerry signed a tentative deal to be acquired by a consortium led by the company's biggest shareholder, Fairfax Financial Holdings Ltd.
MediSafe closes USD1 million in funding
MediSafe closes funding from known investors. MediSafe one of the best mobile medication management solution providers, recently announced it had raised USD1 million in funding.
RainDance Technologies closes debt financing for Capital Royalty
Raindance Technologies announced the closing of a USD35 million structured debt financing plans. An innovator in genomics tools, RainDance Technologies, had announced the closure of a structured debt financing plan for Capital Royalty Partners.
Latest News
GM debt had been upgraded by Moody's Investment Service to investment grade from junk status. General Motors' debt to investment grade status had been restored by Moody's Investment Service to investment grade.
Monte dei Paschi decided to cancel its coupon payments in order to meet EU bank requirements. A decision to cancel coupon payments was done by Monte dei Paschi di Siena on three hybrid loans set to fall due by the end of the month to comply with European conditions for the approval of a EUR4.
Canada-based anti-terrorist solutions provider Allen-Vanguard exited its Explosive Ordnance Disposal unit.
Apple said more than 200 million users of iOS devices upgraded to its recently launched iOS 7. Apple announced that over 200 million iOS devices had upgraded to its newly-launched iOS 7.
SolarCity Corp struck a marketing partnership deal with Crius Energy Trust. SolarCity Corp announced that it had agreed to a partnership agreement with Crius Energy Trust.
General Motors Co said it would undertaking a share buyback of some of its preferred shares held by a United Auto Workers healthcare trust.
UK softdrink maker AG Barr said that despite its failed merger deal with British softdrinks producer Britvic, it has managed to retain its strong position in the saturated softdrinks market.
Sources told PeHub that Stone Point Capital was already gearing up for its sixth buyout fund. Four sources told PeHub that Stone Point Capital was already in talks with investors about the formation of its sixth buyout fund.
Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.
