US-based private equity firm Carlyle Group LP announced its plan to acquire Canada-based investor in hedge funds Diversified Global Asset Management Corp for USD33 million.
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Amazon set to dominate online this holiday
Online shopping website Amazon is set to dominate this holiday season, rising above other ecommerce rivals and traditional retailers and hitting a 54% increase in its stock this year.
'Ransomware' likely hitting jackpot with bitcoin surge
Cryptolocker thieves are taking advantage of the $1,000 surge of the Bitcoin value by spreading malware that threatens to encrypt computer data and collecting anonymous Bitcoin ransom from unwitting victims.
ADM sweetens bid for Australia's Graincorp
US-based Archer Daniels Midland Company has increased its offer for agricultural firm Graincorp Ltd by USD200 million to reinforce Australia's agricultural infrastructure through rail enhancement projects.
Japan's Panasonic to sell three chip plants to Israel's TowerJazz -sources
Troubled electronics giant Panasonic will sell three of its chip factories in Japan to Israel's TowerJazz by March 2014, according to sources with direct knowledge of the situation.
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US-based generic drug manufacturer Mylan and two Indian pharmaceutical firms are in talks to buy Chennai-based Bafna Pharmaceuticals for an undisclosed amount, according to two sources familiar with the transaction.
Ramot Tel Aviv University Ltd secured USD17 million in funding for its Technology Innovation Momentum Fund, which will invest in breakthrough technologies in various industries.
Spanish bank Banco Popular announced the sale of its property management units to US-based investment companies Varde Partners and Kennedy Wilson for an undisclosed amount.
A study conducted by researchers at the University of British Columbia's Sauder School of Business showed that the more women are on a company's corporate board, the lesser the chance the company would be entering into risky deals.
Europe's top carmaker Volkswagen (VW) has revealed its plan to invest EUR84.2 billion in the next five years for technology upgrades and modernization of its plants.
The S&P jumped around 26% in 2013 with major indexes hitting record high, but investors are wary of the surge in US stocks, citing a potential big drop on the market the following year.
Chinese real estate developer Sichuan Xinglida Group Enterprises Co bought the Torrance Marriott hotel in South Bay, California for USD74 million, according real estate broker John Strauss.
US-based pharmaceutical company Moderna Therapeutics announced its completion of a new funding round worth USD110 million for the development of its messenger ribonucleic (RNA) Therapeutics.
Hong Kong-based tech startup Multichannel raised USD3 million in a seed round from angel investors in Asia and Europe to be used for the improvement of the company's marketing spend tracker.
