ConocoPhillips said it will be selling its leasehold in the Clyden oil sands for USD 720 million to Imperial Oil Ltd and ExxonMobil Corp's Canadian unit.
Deals
Carlos Slim's America Movil offers EUR 7.2 billion or USD 9.6 billion for KPN's E-Plus
America Movil offered to buy KPN's E-Plus for EUR 7.2 billion or USD 9.6 billion, a move that rivaled Spain Telefonica's bid made last month.
Martin Blessing says he will stay with Commerzbank until reorganization is complete
Chief Executive Officer of Commerzbank Martin Blessing said he is staying at the helm until the bank is successfully reorganized.
The Riverside Company sells Capol to Freudenberg Chemical Specialties
The Riverside Company sold Capol, one of their exceptional investments, to Freudenberg Chemical Specialties.
Japanese insurance company moves 30,000 PCs to Windows 8 tablets
Meiji Yasuda, Fujitsu and Microsoft Japan would all team up to upgrade 30,000 Windows XP computers to tablets running Windows 8 operating system.
Latest News
The Center for Innovative Technology (CIT)announced its investment in WealthForge Holdings Inc made through its private equity arm, CIT GAP Funds.
Colorado-based FitBionic raised USD 2.2 million to support the global launch of its first product. Colorado-based FitBionic raised USD 2. 2 million in support of the global launch of its first product.
Honda Motor Co announced its plans to build a new car plant in Brazil. Honda Motor Co announced its plans to build a car plant in Brazil. The investment will cost the Japanese car manufacturer USD 440.
State-owned China Railway Corporation announced that it will boost its investment in fixed assets this year to CNY 660 billion.
Sources told Reuters that Hong Kong-based Chong Hing Bank Ltd has received a potential merger and acquisition offer from a firm controlled by the Guangzhou city government.
A farm-out deal was signed between Chariot Oil & Gas Ltd and Cairn Energy Plc. A farm-out deal was signed between Chariot Oil & Gas Ltd and Cairn Energy Plc.
California-based cloud and mobile testing company Soasta Inc announced that it was able to raise a total of USD 30 million in growth-stage funds.
Texas-based private equity firm TPG Capital was able to get the approval of its investors for a time extension to invest their money.
GlaxoSmithKline (GSK), the biggest pharmaceutical firm in Britain, launched a USD 50 million venture capital fund for bioelectronic medicines and technologies.
