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Sugar Inc. moving into TV, film with acquisition, new funding round
Sugar Inc., the San Francisco-based blog network focused on women, is creating a new unit, Sugar Digital Entertainment, which aims to bring the blog network to TV, film and video games.
Biz Journal

Temasek may cut big exposure to banks-Nomura report
SINGAPORE, June 2 (Reuters) - Singapore state investor Temasek's new CEO Charles Goodyear may cut the fund's large holdings in banks and trim stakes in other firms such as SingTel as he reallocates money to energy and consumer sectors, Nomura said in a report.
Reuters

Temecula Valley Bancorp Enters Into Non-Binding LOI with Private Equity Funds for up to $210 Million Cash Infusion (Business Wire)
TEMECULA, Calif.----Temecula Valley Bancorp Inc. , along with its wholly owned subsidiary Temecula Valley Bank, announced today that it has entered into a non-binding letter of intent with Bancroft Capital and certain institutional investors, including Orient Property Group LLC.
Market Watch

Dividend Dates and Distribution Amounts Announced for Certain BlackRock Closed-End Funds (Business Wire)
NEW YORK----Certain BlackRock closed-end funds announced distributions today as detailed below.
yahoo.com

ETF Focus: Bear market puts fundamental indexing to the test
With a track record spanning about three years and including a brutal bear market, a new breed of index-based funds is showing mixed results, and the debate about them continues.
Market Watch

Funds` bets help drive crude higher
Oil and gold prices soared as the weakness of the US dollar and signs that the worst of the economic crisis is behind prompted investors to buy commodities
FT

RioCan REIT Announces Increase of Previously Announced Public Offering of Trust Units to $150.0 Million
TORONTO, ONTARIO--(Marketwire - June 1, 2009) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES RioCan Real Estate Investment Trust ('RioCan') (TSX:REI.UN) announced today that it has amended the terms of its previously announced public offering of trust units. RioCan has reached an agreement with a syndicate of underwriters co-led by RBC Capital Markets, BMO Capital Markets and TD Securities Inc. to issue to the public, subject to regulatory approval, 10,345,000 trust units (the 'Units') for $14.50 per Unit for gross proceeds of $150,002,500, with no option to acquire additional Units.
Market Wire

Pension deficits soar on inflation fears
The funding shortfall faced by the UK's biggest defined benefit pension schemes soared five-fold during May, figures showed yesterday. The 200 largest defined benefit schemes, including final salary ...
BBC

GM files for bankruptcy, urges quick action
DETROIT/WASHINGTON (Reuters) - General Motors Corp filed for bankruptcy on Monday as the Obama administration took the first steps to try to revive a failed icon of american industry by extending unprecedented federal funding and oversight.
Reuters

Fed outlines rules for repaying bailout money
The Federal Reserve on Monday announced rules for banks to repay taxpayer bailout funds, clearing the way for the 19 largest U.S. financial institutions to wind down their reliance on government support.
Msn

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Archived "business - public mutual fund" news stories.

Available news archives.

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