Infrastructure

Alibaba keen on controlling board after IPO: sources

Sources said Alibaba Group Holding would like to keep board control after its initial public offering in Hong Kong.

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Rosneft CEO purchases USD 5.5 million shares

Rosneft CEO Igor Sechin bought company shares amounting to USD 5.5 million.

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Icahn sets Dinner with Apple CEO for Buyback talk

Billionaire Carl Icahn announced on Twitter that he had set dinner with Apple CEO Tim Cook to discuss plans for the company's buyback program.

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CenturyLink receives USD54 million FCC grant

CenturyLink Inc would receive USD54 million from the Connect America Fund of the FCC to finance the broadband services in suburban homes of high-cost areas.

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Telepathy raises USD5 million to create Google Glass' rival

The Silicon Valley startup would use the funding to employ new engineers for its latest wearable and programmable computing device.

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GIC acquires Blackstone's Broadgate stake in London

GIC, Singapore's sovereign wealth fund made an offer to purchase Blackstone's Broadgate asset.

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Indian startup company to hire luxury cars for customers

CommonFloor to use luxury vehicles for taxi services.

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Cairn Energy assures exploration in Africa and Ireland have more chances of success

Cairn Energy said its planned explorations in Northwest Africa and Ireland yielded up to 25% chance of success compared to its exploratory project in Greenland.

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China's ZTE wins USD800 million mobile network deal with Ethiopia

Ethiopia signed an USD800 million contract with ZTE for the expansion of the country's mobile phone infrastructure.

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Cisco forecasts modest revenue growth after job cuts

Technology infrastructure maker Cisco announced modest revenue growth for this quarter even as it cut its workforce to reduce costs.

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Live Nation reduces yearly cash interest payments by USD12 million

Live Nation completed a debt refinancing which would cut its yearly cash interest payments by USD12 million.

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UBS to repurchase SNB stabilization fund in three months

UBS can now exercise option to repurchase assets from the Swiss National Bank after paying off its bail out loan.

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Cuadrilla Resources temporarily stops drilling as anti-fracking protests escalate

Cuadrilla Resources suspended its oil drilling exploration in Balcombe as anti-fracking protests intensified.

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Possible rebidding of LRT-1 with revised project terms: DOTC

The Philippine Department of Transportation and Communications said it is eyeing the possibility of rebidding the LRT-1 Cavite extension project under revised terms.

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