LIPTIC, the Libyan monopoly, management contract tender was halted by the government. The CEO of Etisalat, UAE's top telecommunications service provider had reported that Libya halted the tender of the country's telecommunications operations.
Investors
Affymax Continues Tumble
Affymax's drug recall Ormontys caused decline of the company. Pharmaceutical firm Affymax continued its decline after it fired nearly three fourths of its labor complement and is now in the process of opting for a sale or declaration of bankruptcy.
Pyramid Analytics Supported by Sequoia Capital
Sequoia Capital leads capital funding for Pyramid Analytics. The premiere company that provides data driven decision making to end users at all levels has announces the closure of its latest funding round.
Complete Genomics Acquired by BGI-Shenzhen
BGI-Shenzhen acquires Complete Genomics after regulatory approvals from China and the US were obtained.
Blackstone Contemplating Dell Bid over Silver Lake
Blackstone contemplates matching or even surpassing Silver Lake bid for Dell privatization. The Blackstone Group is contemplating to bid for Dell Inc in an amount over and above the proposed US$24.
Latest News
Mulk Holdings forms joint venture with Suzan General Trading in Africa. The UAE2 billion dinar conglomerate Mulk Holdings has recently unveiled its first venture into the African continent through an agreement with Suzan General Trading.
The Philippines is moving from foreign debt dependence to local debt raising through auctions. The Philippines' Bureau of Treasury would boost domestic bond sales to raise nearly all of its debt requirements in the wake of record low interest rates and an increasing value of the peso.
Ambow speculative bid for New Oriental spikes shareholder values. The share value of New Oriental Education and Technology Group Inc jumped the largest since July 2012 as a speculative bid by Ambow Education Holding Ltd was said to be on the table.
Paulson moves for suit dismissal alleging lack of obligation. Paulson and Co has sought the dismissal of the lawsuit that alleged the firm conspired with Goldman Sachs Group Inc to entrap the bond insurer to guarantee payments for an investment scheme that is designed fail.
Citigroup settles investor suit amounting to US$730 million. Citigroup Inc has agreed to settle a class action suit on behalf of its investors to the amount of US$730 million.
Safeway's Blackhawk to open up for IPO. The gift card and payment service unit of Safeway Inc, Blackhawk Network Holdings Inc, has filed with federal regulators an application for an IPO of Class A common stock amounting to US$200 million.
St George University is now on sale. St George's University in Grenada is up for sale according to anonymous sources. The school came to prominence when then US President Ronald Reagan ordered troops to evacuate American students in the island country following a military coup back in 1983.
Liberty purchases 25% Charter Communications. The Wall Street Journal recently reported, citing anonymous sources, that Liberty Media Corp will be purchasing 25% stake in Charter Communications.
Cynosure purchases Palomar's light based technology for US$294 million. Cynosure Inc has purchased Palomar Medical Technologies for US$294 million.
