Soros and Golmand Sachs-backed Essent Group Ltd. filed for an initial public offering yesterday valued USD287.5 million.
Sectors
Barclays called reckless by the Financial Conduct Authority
In a finding by the Financial Conduct Authority, Barclays payments to investors post-2008 without proper disclosure was called reckless.
Schaeffler, holding company sell 4% stake in Continental to repay debt
Schaeffler AG said in a statement that the sale of its combined 4% stake in Continental AG with holding company Schaeffler Verwaltungs GmbH would be used to repay borrowings made to takeover Continental.
ZTE Corp seeking to expand cloud services in China
In a bid to increase its contribution to ZTE's overall revenues, the cloud computing and IT productions operations of the firm had laid out plans to expand cloud computing in China.
Apple unusually quiet with new iPhone preoder figures - report
The world has yet to hear an announcement from Apple Inc about the pre-order numbers of iPhone 5C. The tech industry has not heard from Apple Inc about its first-day preorder figures for its new iPhone 5C.
Latest News
Yesterday, Post Holdings Inc. said that it had agreed to acquire Dakota Growers Pasta Co in a deal priced at USD370 million.
Britain announced that it would sell its stake in Lloyds Banking Group priced at least GBP0.50 a share.
Hudson's Bay Co. announced naming Marigay McKee to be the president of the US luxury retailer Saks Inc. after the acquisition deal was completed.
Javier Martin-Artajo and Julien Grout along with other unnamed co-conspirators were indicted of five criminal counts for allegedly hiding trading losses valued USD6.2 billion.
Bill Nye had been selected to compete in the ABC "Dancing with the Stars" along with Valerie Harper, Nicole "Snooki" Polizzi, Leah Remini and Keyshawn Johnson.
Fox Network's executives were worried about a week long ratings disaster for Sleepy Hollow TV series after a disastrous 2012-2013 season.
Blackstone Group LP decided to sell its shares in hotel chains following the increased sales of hotel properties in the US this year.
Nvidia Corp.announced naming Colette Kress as its new chief financial officer after David White vacated the post last March 2011.
Engineering officials said MS Costa Concordia was successfully freed from rocks after it was aground 20 months ago.
