Yahoo's profits rose by 46 percent in the second quarter, aided by nearly a dozen product launches, though sales at the company were still down. Net earnings for the quarter ended June 30 were $331 million, up from $227 million for the ...
Indonesia-based food firm PT Tiga Pilar Sejahtera Food (TPSF) has entered into an agreement with private equity firm KKR to sell approximately 9.5 % stake in the company to certain funds advised by KKR Asset Management for an undisclosed ...
Wall Street played its own version of war games on Thursday, testing its defences against simulated cyber-attacks bent on taking down US stock exchanges. A total of 500 people took part in the exercise, called Quantum Dawn 2, in offices ...
Tags: Wall Street, Computer Products
Singapore’s Singbridge Holdings has entered into an agreement set up a management company for the development of food zone in the province of Jilin, China. Under the agreement, Singbridge will hold 40% in the joint venture, while ...
Tags: Food Zone, Singbridge
Atlanta-based company OCI Resources LP, an affiliate of soda ash producer OCI Wyoming, has filed to raise US$115 million through an initial public offering (IPO), according to a Wall Street Journal report. The newly launched company ...
The Australian financial services sector could be a major beneficiary if the Labor government is able to finalise the long-awaited free trade agreement with China. Analysts in Beijing believe China would be willing to allow Australian ...
Apple may acquire the Israeli chip design company that provided the motion sensing technology used in Microsoft's popular Kinect video game controller, the Israeli business daily Calcalist reported today. In a Tuesday story, Calcalist ...
Tags: Apple
US clothing retail chain Forever 21 is planning to expand in the Indian market, with a new partner DLF brands and an initial investment of US$ 50 million. The American clothing retailer, which already has seven retail outlets in Delhi and ...
Tags: Apparel Retailer, Forever 21
Jiangxi Province-based Chinese steelmaker Fangda Special Steel has announced that it has abandoned its plan to purchase a 74 percent stake in South Africa-based Boboko Investment Co. after failing to receive the necessary approval from the ...
Tags: Special Steel, Mining
The UK's Petrofac has agreed to increase its stake in the Abu Dhabi-based Petrofac Emirates joint venture to 75% from 50% as the remaining state-owned holding is privatized, Petrofac said Thursday. Following both transactions, the ...
Tags: Petrofac Emirates, Chemicals
Indian based pharmaceutical company Cipla has completed the acquisition of Cipla Medpro South Africa for a consideration of ZAR4.507bn ($456.43m). Commenting on the development Cipla managing director and global CEO Subhanu Saxena was ...
Tags: Cipla, Cipla Medpro
Abu Dhabi-based agri business company Al Dahra International (ADII) is set to acquire 20% stake in India-based Kohinoor Foods (KFL) in a deal estimated to be worth Rs1.12bn ($18.9m). Under the terms of the deal, Al Dahra will pay Rs160 ...
Tags: Al Dahra, Kohinoor Foods
Japanese Toray Industries has acquired 20% stake in US based carbon fiber reinforced plastics (CFRP) auto parts manufacturer Plasan Carbon Composite (PCC). The move is part of the Japanese firm's plan to expand its automotive carbon fiber ...
China-based GCL-Poly Energy Holdings has quit production of sapphire ingots and will sell two factories together with production equipment in eastern China to Taiwan-based sapphire wafer maker Tera Xtal Technology. GCL Poly's suspended ...
Tags: GCL-Poly, China, Sapphire Ingot
Passive component supplier Nichidenbo, which distributes capacitor and resistor parts for vendors including Nippon Chemi-Con, will see its revenues more than double in 2013 after the company took up the management of component channel ...
Tags: Nichidenbo, 2013, Sales