As its acquisitions increase and earnings go down, billionaire Carlos Slim's mobile phone firm America Movil's record rate of stock repurchases could decrease, Bloomberg reported.
Deals
Rhode Island's Teespring raises $20M to sell custom T-shirts
Rhode Island, US-based startup Teespring has raised $20 million in its first round of funding led by Andreessen Horowitz to sell custom and pre-ordered T-shirts for a cause.
Carlyle acquires J&J unit, joins others in making purchases in the New Year
As the New Year starts to roll, private equity firm Carlyle joins the other firms racing to make acquisitions with its $4.15 billion purchase of a Johnson&Johnson unit, the Financial Times reported.
US education startup Tales2Go bags $750K seed funding for audiobook app
Marlyand, US-based education startup Tales2Go bagged $750,000 in a seed funding round led by NewSchoolds Venture Fund and Maryland Venture Fund to improve students' listening fluency through a "Netflix-like" audiobook app.
A Kickstarter campaign helped chipmaker startup prove its market and get new funds
A Kickstarter campaign allowed chip startup Adapteva to bridge the gap between its Series A and Series B rounds and prove its market, a Gigaom report said.
Latest News
South Korea-based investment fund Korea Investment Corp (KIC) is considering selling a $1-billion stake in Bank of America after the latter's value halved since 2008, according to a report by Korean media.
Australia-based property and aged-care developer Aveo Group is planning to sell about $500 million worth of residential and office assets this year in a bid to become
Brno, Czech Republic-based low-cost flights booking engine Skypicker.com secured a $500,000 investment from Touzimsky Airlines and also acquired metasearch engine WhichAirline.com for an undisclosed sum.
UCWeb Inc, a company backed by Alibaba Group Holdings, is looking at acquisitions to add more programmers and platforms so it can better compete with its rivals, Bloomberg reported.
Berlin, Germany based customer relationship management (CRM) startup Linko raised $2.6 million in seed funding from angel investors and purchased tech startup Localstream for an undisclosed amount.
Dubai, United Arab Emirates (UAE)-based oil and gas firm Dragon Oil Plc inked a deal to acquire the 40% stake of Australia-based firm Nido Petroleum Ltd in Service Contract (SC) 63, a petroleum block in Palawan, Philippines.
Vattenfall Europe AG will be selling back to Hamburg the 74.9% stake it holds in the city's power grid operator after the citizens agreed on a repurchase, a Bloomberg report said.
The French state divested a 1% stake in Netherlands-based aircraft and defense firm Airbus Group for €451 million ($614 million), according to the French economy minister.
To help it restructure its debt, retailer Brookstone Co has hired a financial adviser Jefferies Group and law firm K&L Gates, according to sources interviewed by Bloomberg.
