A source said Sony Corp reached a preliminary agreement with Viacom Inc. for television streaming services.
Deals
Increase in retail sales sign of better US economy
Retail sales in the US rose in July, signifying better times for the US economy. The Commerce Department revealed that US retail sales rose to 0. 2% in July.
Alibaba acquires stake in ShopRunner as it prepares for an IPO
Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
PLDT Group's MediaQuest becomes majority shareholder of BusinessWorld
MediaQuest Holdings Inc bought more shares in BusinessWorld, making the PLDT Group subsidiary the majority stakeholder in the Philippine's first business newspaper.
BlackBerry resources could appeal investment
Analysts disclosed that BlackBerry's assets could attract investors. Reports have resounded Blackberry's confirmation in contemplating alternatives to boost the company position up, including a sale of the company In connection to this, Reuters divulged an overview of BlackBerry's resources in a report that may entice investors.
Latest News
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion). Latin America's largest bank in terms of market value, Itau Unibanco Holding SA received tax charges amounting to BRL18.
The bank recently assigned Nikolaus Giesbert to head the newly merged fixed income and currencies sales and trading arms division.
Coca Cola introduces Huba, its new herbal tea drink, in its Thailand market. Coca Cola initially launched in Thailand its new herbal tea drink, Habu.
Bank of America will dissolve Merrill Lynch & Co. but will continue to keep name. Four years after it was acquired by Bank of America Corp. , Merrill Lynch & Co.
Goldman is reportedly leading in the race with Morgan Stanley to acquire largest share of Huarong's stock sale.
ParknShop, the biggest supermarket chain in China received bids from companies such as Woolworths, KKR and other investors.
Marriott planned to sell its three Edition hotels in London, South Florida and Manhattan upon completion of their construction.
Wells Fargo and Co agrees to buy ING Real Estate Finance debt worth US$1.6 billion. Wells and Fargo Co agreed to purchase the twenty-nine loans incurred by ING Real Estate Finance debt.
