CBS Corp. will buy a 50 percent stake in TV Guide Network from JPMorgan Chase & Co.’s One Equity Partners unit, said a person with knowledge of the deal, giving the company a new basic cable outlet for programs.
Kareem Serageldin, the ex-global head of Credit Suisse Group AG’s CDO business charged in a bonus- boosting fraud tied to a $5.35 billion trading book, was surprised by the U.S. indictment since he has been cooperating with investigators for four years, his lawyer said.
Advanced Micro Devices Inc., the second-largest maker of processors for personal computers, rose the most in two months after Reuters reported that the company hired JPMorgan Chase & Co. to explore options including a sale.
Rajat Gupta, the former Goldman Sachs Group Inc. director accused of giving inside information to fund manager Raj Rajaratnam, faces new allegations he passed tips about earnings of Goldman Sachs in 2007 and Procter & Gamble Co. in 2009.
Wix.com Inc., an Israeli provider of online tools that help people create websites, chose JPMorgan Chase & Co. to lead its initial public offering in the U.S., according to two people familiar with the matter.