Consolidated Edison CEO and Chairman to retire by year's end

Kevin Burke, the long time CEO and Chairman of Consolidated Edison, announced his retirement from the firm by the end of 2013.


Groupon loses dismissal bid for the class action suit it is facing in court

In a ruling by Judge Norgle, Groupon was ordered to face the class action suit filed against it for securities fraud.

BIND Therapeutics announces IPO pricing

BIND Therapeutics announced the pricing of its initial public offer of 4,700,000 shares at USD15 per share.

Empire State Building REIT files IPO

The Empire State Realty Trust Inc. whose properties include the Empire State Building had filed to raise a hefty USD1.07 billion in proceeds, according to a regulatory filing today.


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CHC Group Ltd, a company owned by First Reserve Corp, had filed documentation seeking permission to conduct an IPO of its shares.
Sentry Equipment Corp. announced its acquisition of Accurate Tool Company assets. Sentry Equipment Corp is a leading worldwide supplier of industrial sampling products and systems.
A memorandum of understanding was finalized between Tata Group and Singapore Airlines leading the way to the formation of a new airline to service the Indian market.
The Minas wind farm in southeastern Uruguay was purchased by Eurus Energy, a jointly owned company by Tokyo Electric and Toyota Tsuhu.
A bid for Alitalia was being reviewed by the Air France-KLM Group. The board of directors of Air France-KLM Group would meet on Sept. 23 to determine whether a bid for majority ownership over Alitalia SpA would be made.
The forecast of increased revenues and profits had the share prices of United Utilities increase significantly.
Sweden's Finance Minister Anders Borg advised banks of a future of stricter administrative rules over their operations.
Jyoti Bansal, founder of AppDynamics, have built a company that helps firms manage their high volume data.
According to Ford Americas President Joe Hinrich, this investment would expand their Oakville plant near Toronto, Canada.
Kloevern AB gained the most after the firm was upgraded in status by Swedbank AB. The shares of Kloevern AB had jumped its highest in nearly five months in Stockholm trading.