Maginatics raised $17 million in Series B financing for its projects. Maginatics, a leader in technology innovations, clinched USD17 million in Series B funding.
Deals
KPN shareholders to vote on E-Plus sale October 2
KPN said it had invited its shareholders to a meeting on October 2 to vote on the proposed sale of its German unit E-Plus to Telefonica.
Chinese coal firm plans on USD 160 million bid for Inova Resources Ltd
A Chinese coal firm offered USD 160 million for Turquoise Hill's Inova Resources Ltd. Shanxi Donghui Coal Cooking & Chemicals Group said it would be offering USD 160 million for Inova Resources Ltd.
Chinese banks reduce loans to development projects in smaller cities: economist
A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.
Facebook unveils new project
Facebook Inc unveiled new project, Internet.org to provide online access to more people around the world.
Latest News
BHP Billiton slow to build into expanded operations in the potash industry through delaying production at the giant deposit until at least 2020.
NYSE tapped JPMorgan & Chase Co. and Societe Generale for the IPO launch of Euronext. NYSE Euronext is the bourse operator to be acquired by Intercontinental Exchange Group Inc.
CommonFloor to use luxury vehicles for taxi services. Real estate company, CommonFloor, had announced that it will hire air-conditioned vehicles for their wealthy costumers who are looking into buying at least one of their five million properties.
According to the Royal Bank of Scotland, approximately USD50 billion collateralized loan obligations could be refinanced in the next two years.
W&G Investments PLC planned to offer Royal Bank of Scotland GBP1.5 billion for more than three hundred of its branches.
Socialspiel received EUR200K new funds from angel fund FLOOR13 and ex-Rockstar Games veterans, Clemens Beer and Mike Borras.
SocialChorus had raise a total of USD8 million so far after the close of its USD2.5 million Series A Funding.
Ally Financial Inc. said through a statement that it had sought to repay a bailout debt valued USD1 billion.
BRE Properties Inc. declined a takeover deal priced USD4.6 billion as the valuation of the company was severely discounted.
