Bloomberg Businessweek reported that the Bitcoin frenzy had reached China. Bloomberg Businesswee reported that the Bitcoin frenzy had gripped China. The world's second largest economy had become the second largest maker of Bitcoins worldwide, according to data compiled by SourceForge.
Deals
Italy assures public no opposition to foreign takeovers
Italy' economy minister assures the market that Italy has no policy to oppose foreign bids for domestic enterprises.
Generali to sell Telecom stake if no convincing plan is proposed
Generali Chairman Gabriele Galateri said that it had planned to exit the company through a stake sale unless it comes up with a convincing business plan.
Greek PM says economic pain will ease next year
Greek Prime Minister announced on Saturday that the country would return to growth next year as its would exit recession.
IMAX Corp and GFI sets revenue share agreement
Three more IMAX theaters to be built in the Middle East region. In an announcement, IMAX Corporation and Gulf Film formalized an expansion of their partnership through a revenue share agreement.
Latest News
Morningstar reported Pimpco's Total Return Fund took a USD 41 billion hit in the last four months.
Reuters Factbox showed Microsoft's acquisitions and investments over the years had not been very lucrative for the company.
The highest altitude and the greatest speed was achieved by Virgin Galactic's SpaceShip Two. SpaceShip Two of Virgin Galactic reached record speeds and altitude in tests just before it starts its plan of manned flight to space with passengers by next year.
A senior official of the Pentagon told Reuters that the US government would be in danger to defaulting weapons contract payments should they halt Egyptian aid.
The USD 130 billion price tag for the recently-concluded deal between Verizon and Vodafone was agreed over an exercise session and breakfast between the firms' two CEOs.
According to tycoon Naguib Sawiris, he is interested in purchasing a stake in Telecom Italia but may opt not to in light of the Italian press' preference for Telefonica.
Global cruise operator Carnival Corporation & plc would be investing USD180 million from its own capital in "scrubber technology" to comply with the air emission standards of the US Environmental Protection Agency (EPA).
A new set of bidding guidelines will be utilized for the newest ultra mega power projects for the next decade.
Generali Chairman Gabriele Galateri told Reuters in an interview that the company would be selling its stake in Telecom Italia depending on the decision made during the Italian phone company's shareholders meeting.
