INVESTMENT

Twitter received $100 million in funding on Friday, valuing the company at $1 billion, according to a person familiar with the matter, as investors bet that the Web company's explosive growth will yield actual revenue or a lucrative deal.

China Investment Corp, the $200 billion sovereign wealth fund, has agreed to invest about $1 billion in Los Angeles-based Oaktree Capital Management, the Wall Street Journal reported on its website on Friday.

Hicks Acquisition Co I Inc on Friday said its stock and warrant holders approved its deal to buy privately held oil company Resolute Natural Resources Co.

Shares of China's top videogame company Shanda Games Ltd fell 14 percent on Friday in one of the worst trading debuts of the year, the latest indication that while the IPO market may be recovering, investors are still selective.

Bank of America Corp formally denied U.S. Securities and Exchange Commission claims accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1merger, and said it is seeking an order dismissing the regulator's complaint.

Stocks fell for a third straight day on Friday on disappointing housing and durable goods data, while Research In Motion's lackluster results dented optimism about technology spending.

Twitter nabbed $100 million in funding and a $1 billion valuation on Friday from five firms including mutual fund giant T. Rowe Price, as investors bet that the Web sensation's explosive growth will yield actual revenue or a lucrative deal.

Yale University said on Tuesday that its endowment produced an investment loss of 24.6 percent in the fiscal year ended June 30, when big bets on private equity holdings, real estate and commodities soured.

Vanguard Group Inc wants to help investors watch their money while they're on the go, even as it wonders how much interest its long-term oriented customers have in minute-by-minute updates.

Bank of America Corp urged a federal judge to dismiss the U.S. Securities and Exchange Commission's complaint accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1 merger.

U.S. commercial banks reported a drop in trading revenues for the second quarter as earnings from interest products plunged, though revenues were boosted by improving credit markets, the Office of the Comptroller of the Currency said on Friday.

Twitter closed a new round of funding on Friday with five investors including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners, underscoring growing investor interest in the three-year-old Internet microblogging service.

U.S. commercial banks reported that trading revenue dropped dramatically during the second quarter to $5.2 billion, compared with record revenue of $9.8 billion in the prior quarter.

Thomson Reuters on Friday released the top government-guaranteed bond underwriters for the third quarter of 2009 as of Thursday, September 24.

Shares of Research In Motion fell around 15 percent on Friday after the BlackBerry maker reported a lower profit and gave an outlook that fell short of analysts' expectations.

Many U.S. small businesses are optimistic about growth and see the economy improving in three to six months, according to a survey released on Friday.

China's top video game operator, Shanda Games, priced its $1 billion U.S. IPO at the top of an indicative range, as firms globally make bold moves to capitalise on a spike in investor confidence.

Morgan Stanley is outrunning archrival Goldman Sachs as 2009's busiest adviser on mergers as optimism grows that the crippling effects of the financial crisis on dealmaking may be easing.

Ford Motor Co (F.N) announced on Thursday plans to build a new $490-million flexible assembly plant in China, its third in the country, increasing annual production capacity by one-third to meet growing demand.

ING will sell its 51 percent stake in a wealth management joint venture to partner Australia and New Zealand Banking Group (ANZ) for 1.1 billion euros ($1.6 billion) as the Dutch group slims down through asset sales.

Rising Powers at Table; Way Opening for Buyouts; Loan Losses Grow