Anonymous sources revealed the near completion status of the deal between Telefonica SA and PPF Group NV for the largest phone company in the Czech Republic.
Investors
Bitstrips spurs mixed reactions on Facebook
Social media users love and hate Bitstrips. Bitstrips, a new smartphone application, allowed users to create cartoon versions of themselves. Users would be able to choose from over a thousand templates to create an avatar that looks like them or the people they know.
Facebook mobile app Bitstrip fever catches on
Bitstrips, a Facebook mobile application, surged in popularity among social media users. Facebook users have been seeing cartoonish images flooding their News Feed these days.
Fukushima nuclear plant sustains no further damage from recent quake
No further damage was sustained by the Fukushima nuclear power plant from the earthquake that hit Japan's coast on Saturday.
JPMorgan and FHFA forge settlement agreement
JPMorgan to pay FHFA USD5.1 billion as settlement for loans and mortgage backed securities issues. A settlement agreement was finalized between JPMorgan Chase & Co and the Federal Housing Finance Agency on claims over defective home loans and mortgage backed securities.
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Glencore Xstrata and Sumitomo Corp purchase 50.1% shareholdings in Clermont mine amidst increasing Asian demand for coal.
An earthquake with a magnitude of 7.3 hit Japan's east coast early Saturday morning but no immediate land damage was reported.
The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
In twin moves, Swatch was able to identify the cause of its sales declines and increase the demand for its components by cutting back on deliveries.
A USD2 billion loan was paid off in full by state owned IPIC from RHB Capital. The International Petroleum Investment Co,. the Abu Dhabi tate owned fund, had paid in full a USD2 billion loan its unit had taken out last 2011.
Kampac International Chairman Charles Ampofo lauded the Philippines' economic growth. It was recently reported that a Dubai based oil firm is negotiating a deal to develop a USD5 billion Energy City project located in the Philippines.
Despite the recent quarterly loss report from Jet Airways, Etihad is still awaiting the completion of the deal.
Chevrolet unveiled the seventh generation 2014 Corvette Stingray. The 2014 Corvette Stingray was finally unveiled by carmaker Chevrolet today. The Stingray was first introduced in 1963.
FDA has reclassified Vicodin and other hydrocodone-based pain pills as Schedule II, making them more difficult to get.
