A government source had told Reuters that Italy would not be intervening on possible takeovers in Telecom Italia and Alitalia.
Investors
BlueData raises USD 15 million in Series B round
BlueData received USD 15 million for its Series B round. BlueData Inc, a startup that secures big data private cloud for businesses, said it gathered capital commitments amounting to USD 15 million in its Series B round.
Chrysler files for IPO to move its merger deal with Fiat
Fiat SpA and Chrysler Group LLC chief executive Sergio Marchionne had filed an IPO on behalf of the latter to end the stalled merger of both carmarkers.
Gas prices drop in the US
A reduction in gas prices could be felt all over the US. Gas prices had been dropping all over the country. GasBuddy, a website that monitors the prices of gas around the US revealed that prices at the pump had fallen to as much as USD 3.
ProAssurance Corp acquires Eastern Insurance Holdings for USD 205 million
ProAssurance Corp announced that it would be buying Eastern Insurance Holdings for USD 205 million. Alabama-based risk management company ProAssurance Corp said it would be purchasing Eastern Insurance Holdings.
Latest News
The new system introduced by Argos and eBay would be allowing customers to pick up ordered items from eBay in Argos stores.
Microsoft formed a video game venture with BesTV News Media Co to take advantage of more liberal free trade rules on gaming consoles in China's free trade zones.
Angel investors pledged USD 1 million in funds to VIPorbit Software International. VIPorbit Software International announced that it had gathered USD 1 million in capital commitments from angel investors.
With what had been called the best iPhone launch ever, the finances of the company have been revised.
San Miguel Corp. President Ramon Ang said on Tuesday that it had been in talks with JG Summit Holdings Inc to sell a part of a stake it owns in Manila Electric Co.
Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
Practice Fusion received USD 70 million from various investors for its Series D round. Healthcare platform Practice Fusion raised USD 70 million for its Series D round.
Sources told Reuters that Chevron Corp would be getting bids by the end of September for its Nigerian oil blocks.
The new joint venture to participate in projects in the Middle East and Africa comprised of Arabtec and Samsung Engineering Co.
