After Twitter's IPO and the expansion of Facebook, other social media services such as SnapChat, WhatsApp and other social networking sites compete against one another.
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Vodacom to grow in South African market
South African wireless operator Vodacom had laid out plans to increase its investments through increased pace of network upgrades according to its Chief Executive Officer Shameer Joosub.
Photos: Veterans Day ceremony
Veterans Day is an official United States holiday that honors people who have served in armed service, also known as veterans.
Bitcasa raises USD11 million in venture round
Bitcasa Inc., a cloud storage company based in California, raised USD11 million in its venture round funding. Bitcasa has raised USD19.5 million since it's launch in September 2011.
RBS to sell USD800 million loan in Eagle Bulk
The Royal Bank of Scotland, due to a looming divestment by the British government, had put up for sale a shipping loan worth USD800 million.
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Property developers of high-end apartments and real estate in Hong Kong were not happy about the state government's new regulations on mortgage tax and downpayments.
Canadian retailer Sears Canada would be exiting from its ownership in eight real estate properties for CAD315 million after suffering from company losses.
The amount that private-equity firm KKR & Co would use to acquire Brickman Group Ltd would come from its ongoing North American fund worth over USD8.3 billion and other financial pools.
For its Amazon prime members, Amazon had entered into an agreement with the US Postal Service into providing deliveries to customers on both Saturdays and Sundays.
TPG Capital and Abraaj Group had formed a partnership to succeed over KKR & Co. in acquiring a majority stake in fast-food chain Kudu. Kudu has over 200 restaurants located in Saudi Arabia.
Several industry observers believed that Alibaba's upcoming IPO on November 15 would not be eclipsed by the media frenzy of Twitter Inc's recent public listing.
With the IPO of microblogging service Twitter recently concluded, the 3% shareholdings of Kingdom Holding initially worth USD300 million in 2011 is now worth USD900 million.
Private equity firm Hopu Investment Management Co. raised a new fund with USD 1.1 billion under management. Hopy re-entered the investment business after a two-year lull.
Sydney, Australia-based DesignCrowd claimed that its crowdsourcing marketplace was more fair and transparent to freeland designers, and intended to expand its business in the US.
