In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.
Sectors
Private equity fund hires former Standard Bank Group execs for Johannesburg office
One Thousand & One Voices formed its private equity team to run its office in Johannesburg. Private equity fund One Thousand & One Voices announced the hiring of three former executives of Standard Bank Group Ltd to run its office in Johannesburg.
France daily Vinci mulls sale of parking concession business - report
French financial newspaper Les Echos said on its report Wednesday that French construction and concessions company Vinci was considering of selling its parking concession business to generate funds for future acquisitions.
CI Financial purchases 65% of Marret Asset
CI Financial acquired the majority stake in Marret Asset, with an option to purchase the remained after three years.
JP Morgan's buyback program may be stopped due to fines recalculations
Because of the increase in fines and penalties payable for the second half of 2013, JPMorgan Chase's share repurchase plan may be put on hold.
Latest News
The USD4.7 billion bid by Fairfax for BlackBerry would be backed up by loans, equity investments and its own shares in the smartphone maker.
France and the European Union are conducting inquiries as to the tactics employed by Apple that would violate antitrust regulations.
Urban Compass would provide locations of possible apartments for rent using online database. Ori Allon, who sold two internet start up companies to Google Inc and Twitter respectively, has laid out plans to announce a USD20 million funding round for a firm that sifts through complex databases, this time for New York city apartment rentals.
Health Management Association is reviewing the takeover bid offered by Community Health Systems. The new board of directors of Health Management Associates Inc had hired financial advisers to review the USD3.
The proceeds for the 3.3 million shares in Chatham Lodging Trust sale would be used for debt payment and general corporate purposes.
Google rolled out new updates on Chrome and Chrome apps today, simplifying certain features. Today, Google rolled out an update of its Chrome browser to simplify new tab interface.
Roku launched a revamp of its existing streaming media devices with some features of its current flagship model Roku 3 amidst rumors that Apple would be changing its TV streaming device soon.
Social feeds in the Middle East announced that Samsung's Galaxy S4 would also be available in gold finish.
Youtube and Google+ had teamed up to improve the system of moderating comments in Youtube, and recently did a soft launch with a limited number of Youtube users.
