The launch of Lift Labs was done recently to unveil its latest product the Liftware, which is a product that used grant money for its design and creation.
Deals
Ghosn leads Renault-Nissan into Russian market
The tripartite auto manufacture promises to corner 40% combined share of the Russian market. The partnership between Renault SA and Nissan Motor Corp had resulted in the creation of a parts procurment venture with Russia's largest automaker, OAO AvtoVAZ, This is one cost cutting measure as all three are seeking to expand their markets through a three way tie-up.
London edifice may be sold off
One of the tallest towers in the London business district would be sold off as its ownership group are at odds over a loan contracted for the property.
LightSquared's proposed auction under fire
The proposed auction by the bankrupt LightSquared has been sought annulled by a group of lenders. The proposed format for the auction of its wireless-spectrum to be conducted by LightSquared Inc's has been deemed improper.
CME seeks permission from CFTC
CME planning to create a platform SEF from the CFTC. The world's largest futures market, the CME Group Inc, had applied to create a new kind of platform known as a swap execution facility and this would focus on trading commodities derivatives.
Latest News
Investment initiative Benu Bioventures would provide funding for the human testing stage drug trials.
Sources said the Oil & Natural Gas Corp (ONGC) would be buying a 12% stake in the Brazilian oil field owned by Petroleo Brasileiro (Petrobras).
Kiosked said it gathered a total of USD 6.9 million in its latest funding round. Kiosked announced that it received USD 6. 9 million from private investors.
An oversubscribed fourth fund from Bison Capital Asset Management was recently announced to be closed.
The First Gulf Bank said it is not interested to bid for Barclays business in the UAE. The First Gulf Bank, a lender based out of the United Arab Emirates, said it has no plans to bid for the retail banking operations of Barclay in the country.
Emirates NBD agreed to a five year sponsorship deal with Manchester United Football Club. The largest bank in the United Arab Emirates, the Emirates NBD, recently announced a five year partnership agreement with Manchester United Football Club.
Macau Legend announced plans to raise USD 300 million through a share sale to redevelop the Fisherman's Wharf complex.
Criteo filed for a USD 190 million IPO in the Nasdaq Stock Market. France-based web advertising firm Criteo filed for an USD 190 million initial public offering in the US.
The first Gulf region company that would come out of bankruptcy places many Western courts at a quandary on Islamic finance.
