Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.
Sectors
Cliffwater LLC and Virtus Investments form new advisory firm
The new venture of Cliffwater LLC and Virtus Investments would be called Cliffwater Investments. Multi manager asset management business operator Virtus Investment Partners together with leading advisory firm Cliffwater LLC announced the establishment of Cliffwater Investments LLC.
Former Co-op chief says executives have doubts over viability of Lloyds banking unit acquisition
Former Co-operative Group chief executive Barry Tootell said he and other company executives had doubts over the capability of the mutual fund to acquire 632 Lloyds Banking Group branches for USD750 million.
Video advertisements make Rockabox highly enticing
With the projected growth of video advertising, Rockabox opens a Series A funding round worth GBP3 million.
Intellectual Ventures insists on high royalties for patent licenses from Symantec, Trend Micro
Intellectual Ventures (IV) wanted to collect a combined USD310 million in patent licensing fees from security firms Symantec and Trend Micro.
Latest News
OGX would be filing for bankruptcy should it not be able to meet interest payments to bondholders amounting to USD44.5 million.
A Wall Street Journal report cited sources who said Morgan Stanley plans to seek approval from the US Federal Reserve regarding its plans to widen its share repurchase program.
Petróleo Brasileiro (Petrobas) was reportedly nearing the completion of its Peru-based asset sale to China National Petroleum Corp (CNPC).
Electricite de France (EDF) and Veolia Environment said on Monday that both were coming close to agreeing the terms of their exit in Dalkia.
IMF department director Anoop Singh said Japan Prime Minister Shinzo Abe's economic stimulus program had helped the economy of Japan against the effects of the reduction of securities purchases by the US Federal Reserve.
Proxy advisory firm Glass Lewis believed that Thompson's role as chief executive of one of Microsoft's suppliers could create a possible conflict of interest in his position in the Board of Directors.
Customers said the breakup between McDonald's and Heinz Ketchup was stupid, according to a report on The Windsor Star.
McDonald's broke up with Heinz after 40 years due to management changes in the condiment company.
Brixmor Property Group would be raising up to USD 905.6 million when it goes public, helping make 2013 the biggest year for IPOs in the US real estate market.
