US - The state of Oregon has sued Arizona-based Apollo Group for $10m amid claims it deceived investors.

MSRPS; SSgA; Baillie Gifford & Co; BlackRock; Mercer; Matrix Group; International SOS; Nestlé; HSBC.

US - States should cut public pension costs through increasing the retirement age and other practices rather than defaulting on debt, DWS Investments said.

GERMANY - Pension plan liabilities will reach an "historic high" before the end of the year due to low interest rates and falling bond yields in Germany, Mercer warns.

ICELAND - Iceland's pension funds, which hold the bonds behind most of the country's mortgage debt, will try to block proposals to forgive as much as $2bn in bad loans that the government says it is considering.

UK - Non-executive directors need to take a more dynamic role in corporate governance, Legal & General Investment Management (LGIM) claims.

ASIA - HSBC Global Asset Management has appointed Joanna Munro as chief executive officer of its Asia-Pacific business.

Europe - Jean-Pierre Steiner has stepped down from his role as chief executive of Nestlé Capital Advisers.

MSRPS; Aon Hewitt; BlackRock; Principal Global Investors; Lombard Odier Investment Managers; ConvergEx Group; F&C; Cordea Savills; Inalytics

IRELAND - The National Pensions Reserve Fund (NPRF) has invested €30m ($41.8m)in two venture capital funds in Ireland.