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13
May 10
Thu

Daily news rundown

  • ASIC blocks class actions against bank fees – it looks like that class action suit against the banks that I noted a few days ago has been blocked. Link
  • Rajaratnam claims an IM was about cricket – in a deposition of the Galleon Group co-founder accused of insider trading. Link
  • MGM, straining under ~$4b in debt, got a reprieve – lenders hold off on collecting on repayments until July 14
  • Prudential likely to begin $21b soon – raising funds to buy AIA, AIG’s Asian life insurance arm
  • Canadian tourist bitten on penis by a venomous spider in New Zealand – because it’s a slow news day. Link
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