Drugmakers from Europe are getting lured to the Boston-Cambridge area as the biotechnology boom makes it the envy of other biotechnolgy hubs in the world, Bloomberg reported.
Investors
UK retailer Sports Direct acquires 4.6pct stake in Debenhams
Sports Direct, the biggest sporting goods seller in the UK, picked up a 4.6% stake in London-based multinational retail chain Debenhams for an undisclosed sum.
UBS AG's Ermotti denies spinoff of investment banking operations
UBS AG Chief Executive Officer Sergio Ermotti belied rumors that the biggest lender in Switzerland will be spinning off its investment banking business, Bloomberg reported.
Canaan Partners invests in Indian digital media firm SureWaves
Connecticut, USA-based venture capital firm Canaan Partners invested INR35 crore in Bangalore, India-based digital media firm SureWaves for the latter's global growth and workforce expansion.
Millennium Global takes controlling stake in Philippine seafood explorer Millennium Ocean
UK-based institutional currency investment manager Millennium Global Holdings Inc acquired a 51% stake in Philippine-based seafood exports business Millennium Ocean Star Corp in a deal valued at PHP137.91 million.
Latest News
Canada-based suitor Saputo Inc has lifted its stake in Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd for the third time after United Dairy Power backed Saputo's takeover bid.
German-based carmaker Volkswagen intends to introduce a mid-sized sports utility vehicle for its North American market in 2016 as part of its $7 billion investment program, Bloomberg reported.
Germany-based venture capital firm Global Founders Capital and Luxembourg-based firm Redline Capital invested €6.1 million ($8.3 million) in UK-based short-term e-commerce business loans startup Iwoca.
New York, US-based news giant NBCUniversal News Group announced a minority investment in mobile video news startup NowThisNews to co-produce original short news videos for social sites.
Massachusetts, US-based video hosting solutions firm Brightcove acquired Arizona-based Internet video solutions provider Unicorn Media Inc in $49-million acquisition deal to facilitate easier distribution of ad-supported video.
Power Assets Holdings, the firm controlled by Li Ka-shing, has reduced the initial public offering size of Hong Kong's second largest power supplier, HK Electric Investments, Bloomberg reported.
Banks are growing more reliant on the growing market for equities as they get nearly half of their fourth quarter investment banking revenues from equity trading and underwriting, the Financial Times reported.
As the US economy shows signs of improvement and the dollar continues to show signs of growing strength, emerging markets could experience a crises, the Financial Times reported.
Nigeria-based energy firm Oando Plc said it closed $1.63 billion to purchase the assets of US-based firm ConocoPhillips in the country, in a bid to become the top producer for the biggest oil exporter of Africa.
