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Investment Service News

Investment Services news continually updated from thousands of sources around the net.

1 hr ago | Reuters

UPDATE 1-Carlyle Group to pay $115 mln to settle collusion suit -source

Carlyle Group LP has agreed to pay $115 million to settle a lawsuit accusing it of conspiring with other buyout firms not to outbid each other on some takeovers that occurred prior to the financial crisis, a person familiar with the matter said on Friday.


Related Topix: Carlyle Group, Financial Services, Blackstone Group, Advertising, Venture Capital, Emerging Technology

5 hrs ago | The Tribune

Economic sanctions spare Western-tied Russian fund

Western business connections are complicating efforts to bring economic sanctions against executives and companies closely aligned with Russian President Vladimir Putin's inner circle.


Related Topix: Vladimir Putin, Blackstone Group, Advertising, Financial Services, BlackRock, Illinois, US Politics, US News, Barack Obama, Europe, World News, Germany

9 hrs ago | Reuters

SoftBank's first Sony smartphone deal takes aim at U.S. market

Japan's SoftBank Corp and its U.S. mobile carrier Sprint Corp will offer a Sony smartphone for the first time, sources with knowledge of the matter said, as the two technology titans confront daunting challenges in the U.S. market.


Related Topix: SoftBank, Financial Services, Sprint Nextel, Telecom, IT Services, iPhone

9 hrs ago | JD Supra

Bank of America's $16.65 Billion Settlement

In what is being reported as the largest settlement ever between the U.S. and a single business entity, Attorney General Eric Holder and Associate Attorney General Tony West announced Thursday that Bank of America Corp. has agreed to pay $16.65 billion to settle accusations by the Department of Justice that it, as well as Countrywide Financial ... (more)


Related Topix: Banking, Bank of America, Financial Services, US News, Merrill Lynch and Co, Home, Mortgage, Personal Finance

16 hrs ago | The Columbus Dispatch

Dairy Queen hit by hacker attack

Dairy Queen has become the latest victim of computer hackers bent on pilfering customers' credit and debit card information.


Related Topix: Computer Security, Science / Technology, Edina, MN, Construction, Berkshire Hathaway, Supervalu, Retail, Food, Grocery, Eden Prairie, MN

20 hrs ago | Bangkok Post

Thai sugar heads to NY bourse

Traders may ship raw Thai sugar equivalent to 16% of the global surplus against October contracts on the ICE Futures US exchange, the first deliveries since 2012.


Related Topix: UBS Investment Bank, Investment Banking, UBS Financial Services, Financial Services, Agriculture, Science

22 hrs ago | Manchester Journal

A brother seeks answers in 'The Look of Silence'

Joshua Oppenheimer's haunting documentary follows Adi, whose brother died in mass killings in Indonesia in the 1960s, as he tracks down the perpetrators - seeking not revenge, but understanding.


Related Topix: The Act of Killing, Oppenheimer Holdings, Financial Services

Thu Aug 28, 2014

West Australian

JPMorgan working with FBI in cyber-attack probe

JPMorgan Chase said Thursday that it was cooperating with law-enforcement officials to determine the scale of reported cyber attacks against US financial institutions.


Related Topix: Computer Security, US News, Science / Technology, US Federal Bureau of Investigation, US Secret Service, Goldman Sachs, Financial Services, Stanley


HSBC, Nomura lose bid to avoid U.S. agency's mortgage lawsuits

A U.S. regulator can proceed with lawsuits accusing HSBC Holdings Plc and Nomura Holdings Inc of misleading Fannie Mae and Freddie Mac into buying mortgage-backed securities that later turned toxic, a federal judge ruled on Thursday.


Related Topix: Nomura Holding, Financial Services, HSBC Holdings, Banking, Home, Mortgage, Personal Finance, Goldman Sachs, Second Circuit Court of Appeals, US News

Business Journal

Oaktree Capital gains majority stake in Timbers Resorts

Investment firm Oaktree Capital Management LP has become majority shareholder of Timbers Resorts, a Colorado developer and operator of hotels and residence clubs, Timbers announced Thursday.


Related Topix: Financial Services, Oaktree Capital Management, Colorado

The Washington Post

Gold-Price Indicator Fades as ETPs Lose $71 Billion: Commodities

Gold-backed funds that heralded record prices in 2011 and last year's biggest sell-off in three decades are becoming less useful as market predictors.


Related Topix: World News, Goldman Sachs, Financial Services, Science / Technology

Hispanic Business

Legg Mason Tax Free Income Fund Files SEC Form N-Q, Quarterly...

Our editors provided additional information about Form N-Q: Quarterly schedule of portfolio holdings of registered management investment companies.


Related Topix: Legg Mason, Financial Services

Wed Aug 27, 2014

Automotive News

China said to mull $16 billion funding for EV chargers

China is considering providing as much as 100 billion yuan in government funding to build electric-vehicle charging facilities and spur demand for clean cars, according to two people familiar with the matter.


Related Topix: World News, China, Asia, Construction, Berkshire Hathaway, BMW i3, Hatchback, BMW

Sydney Morning Herald

need2know: Iron ore slips, eyes on Qantas

Local shares are set to open lower as momentum faded in both Europe and on Wall Street though major benchmarkets hover near record highs.


Related Topix: US Global Investors, Financial Services, Australia, Oceania, World News, Housing, Watches, Financial Markets,

The Independent

Snapchat valued at $10 billion after Kleiner Perkins investment

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Related Topix: Kleiner Perkins Caufield and Byers, Venture Capital, Startups, Financial Services, Kleiner Perkins Caufield & Byers, Emerging Technology, Stanford University

Business Journal

Square aims to raise $200M at $6B valuation

Square, led by Twitter co-founder Jack Dorsey, is reportedly raising $200 million in new funding that places the value of the company at $6 billion, up 20 percent from earlier this year.


Related Topix: Square, Twitter, San Francisco County, CA, San Francisco, CA, Kleiner Perkins Caufield and Byers, Startups, Financial Services, Kleiner Perkins Caufield & Byers, Venture Capital, Emerging Technology


the Act of Killing Follow-Up the Look of Silence Set for Summer 2015 Release by Drafthouse Films

Director Joshua Oppenheimer 's documentary The Act of Killing was not only one of the best films of last year, but also one of the most harrowing, disturbing, and impactful documentaries ever made.


Related Topix: The Act of Killing, Financial Services, Oppenheimer Holdings


US indexes drift higher; Tiffany gains

Major U.S. stock indexes edged higher in morning trading Wednesday, drifting slightly from the record highs the day before.


Related Topix: Federated Investors, Financial Services, Financial Markets

Wall Street Journal

Russian Firm DST Quietly Bet on Snapchat at $7 Billion Price

The Russian billionaire's investment firm DST Global invested in Snapchat earlier this year at a $7 billion valuation, according to two people familiar with the matter.


Related Topix: Venture Capital, Emerging Technology, Kleiner Perkins Caufield and Byers, Financial Services, Kleiner Perkins Caufield & Byers, Startups

ConocoPhillips, Cut by Warren Buffett, Can Be Yours on the Rebound

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Related Topix: ConocoPhillips, Energy, Oil & Gas, Warren Buffett, Mozilla, Construction, Berkshire Hathaway


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