An agreement was signed between NRG Energy and Edison Mission for assets worth USD2.64 billion. The largest independent power producer in the United States, NRG Energy Inc, had entered into an agreement to purchase most of the assets of the bankrupt Edison Mission Energy.
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Windows 8.1 gives nothing new to desktop lovers- report
For PCMag's Matthew Murray, Windows 8.1 won't be worth the upgrade for desktop fans. Matthew Murray, in an article in PCMag, said the recently-released upgrade to Windows 8 doesn't do much for traditional desktop users.
JPMorgan Chase to settle FHFA suit
JPMorgan is nearing settlement of a suit filed by FHFA for mortgage related securities fraud. JPMorgan Chase & Co had reached a tentative agreement for the settlement of USD4 billion with the Federal Housing Finance Agency.
Previ to utilize fund managers to diversify asset base
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
Morgan Stanley's CFO reiterates ROE goals
With an average of USD6 billion revenues on 10% cost on equity, Morgan Stanley's CFO said the business is doing good.
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Judge Eileen Bransten dismissed the complaint of Dexia AG as it had no right to sue or claim on securities that were bought at face value.
The Canadian government, under the Investment Canada Act, has the right to review bids for Canadian flagship industries such as BlackBerry for national security issues.
The increase in Commerzbank's overall financial value would help in passing tests conducted by the European Central Bank.
Dutch insurers such as ING Groep NV and Delta Lloyd NV would have new abilities. Life insurance companies from the Netherlands, such as ING Groep NV and Delta Lloyd NV have faced tests of their financial abilities.
Power Capital Holdings launches Power Capital Partners LLC. Power Capital Holdings recently announced the launch of an equity firm specifically focused on the power sector.
Prime Ventures invests in mobile games platform AppLift. An additional investment of USD7 million from Prime Ventures was received by mobile games marketing platform AppLift.
New York-based private equity company KKR agreed to buy Avoca Capital for an undisclosed amount. Private equity firm KKR & Co has approved the deal to purchase Avoca Capital.
Google Inc would be joining the elite group of companies which stock had hit the USD1,000 price per share mark.
Constantia Flexibles Group would be holding an IPO to raise EUR 500 million, sources said. A source told Bloomberg that Austria-based Constantia Flexibles Group was thinking of going public in a EUR 500 million or USD 684 million IPO.
