Nov 1 The following corporate finance-related
stories were reported by media:
* Hotel operator Hilton Worldwide Inc, owned by private
equity firm Blackstone Group LP, is aiming to launch its
initial public offering the week of Dec. 2, two people familiar
with the matter said on Thursday.
* Investment firm General Atlantic has hired Goldman Sachs
to sell German-based laboratory services company Amedes
and is discussing offers up to 800 million euros, two sources
familiar with the matter said on Thursday.
* Insolvent German home improvement retailer Praktiker
has attracted a second offer for its stores, this time
for more of the shops, two people familiar with the situation
* Credit Suisse Group AG has dismissed a trader
who cost the bank roughly $6 million in losses from "unusual
trading activities" that are being looked at by regulators, the
Wall Street Journal reported on Thursday.
* New York-based Ziff Brothers Investments plans to
gradually shut down its U.S. hedge fund, the Wall Street Journal
reported on Thursday.
* Wells Fargo & Co, the fourth-largest U.S. bank,
has settled claims with a U.S. government agency over bad
mortgages the bank sold ahead of the financial crisis, the
Financial Times reported on Thursday.
* The Royal Bank of Scotland has suspended two
traders in its foreign exchange division amid global
investigations into the possible manipulation of the $5.3
trillion-a-day forex market, the Financial Times reported,
citing two people familiar with the matter.
* China's Central Huijin Investment Co, the government's
main holding firm for state-owned financial companies, is
considering merging some of the major Chinese brokerages in
which it has controlling stakes directly or indirectly, the
official Securities Times said on Friday.