RingCentral submitted an application for an IPO with the US SEC. A leading provider of cloud business communications to the market announced the filing of a registration statement on Form S-1 with the SEC.
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Third Point increases stake in Sotheby’s
Daniel Loeb's New York-based hedge fund increases its stake in Sotheby's to 5.7%. A regulatory filing showed Monday that Third Point LLC, investor Daniel Loeb's New York-based hedge fund, had increased its stake in Sotheby's to 5.
Structural adjustments needed for China’s economic growth
China's Vice Finance Minister says there is no need for Chinese government to stimulate the world’s No. 2 economy.
Oil rises as Asian stocks fall due to Syria concerns
Due to rising concerns over Syrian geopolitical issues, Asian stocks experience a decline as oil prices rise.
U.S. regulators discuss digital currency with Bitcoin Group
Bitcoin Foundation joins U.S. regulators in FinCEN-hosted discussion regarding digital currency. Financial Crimes Enforcement Network (FinCEN) director Jennifer Shasky-Calvery hosted a discussion with members of the Bitcoin Foundation.
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FilmTrack closed equity investment round with the largest contribution from Insight Venture Partners.
Pershing Square Capital Management LP's CEO Bill Ackman had agreed with JC Penny Co. on the sale of his entire stake in the company.
BATS Global Markets Inc. and Direct Edge Holdings LLC said that it would commence the merger last Monday.
Titagarh Wagons Ltd. had decided to no longer push its demerger plans amid the sluggish order flows for wagons in the market.
An acquisition deal for a Chinese copper landmark had been placed at risk after the USD3 billion agreement was reviewed.
Globecomm Systems Inc. said that it had agreed acquisition from Wasserstein & Co for USD340 million.
The Reserve Bank of India had allowed non-resident Indians to purchase shares from Tai Industries and Madras Aluminum Company.
BBA and DAE discuss merger possibilities. The world's largest producer of bases for business jets, BBA Aviation Plc was in discussion with Dubai Aerospace Enterprise Ltd, an aircraft leasing company, as to the combination of their business enterprises.
ING Groep NV had sold its South Korean insurance unit for USD1.7 billion to MBK Partners Ltd. MBK Partners Ltd. is an Asian buyout company which was formed by ex-Carlyle Group executives.
