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DGCA Issues Show-Cause Notice To Kingfisher; No More Loans, Says Main Lender SBI

Crisis-laden Kingfisher Airlines got another blow Saturday as its principal lender, State Bank of India, categorically clarified that the bank could not release further funds to the cash-strapped private airline, even as the aviation controller Friday issued a notice to the air carrier asking it why its license should not be cancelled.
Ruckus Wireless Files For $100 Million IPO

Ruckus Wireless Files For $100 Million IPO

Ruckus Wireless Inc., the privately-held tech company that has created some of the world’s largest WiFi networks revealed its plans to go public on Friday by submitting an SEC filing for a $100 million initial public offering (IPO).
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Lehman Brokerage, Europe Unit, Settle $38B In Claims

The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc. said they settled a dispute over $38 billion in claims over client and creditor assets, a major step toward allowing customers and creditors to recover money.

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