With its 25.2% gain, activist investor Daniel Loeb's Third Point beat rivals in 2013, Reuters reported. Loeb's hedge fund stayed in line with the Standard & Poor's 500 Index which rose 29.6% in the same period.
North America
Groupon wraps up Ticket Monster acquisition from LivingSocial
In an announcement made today, Groupon said it has completed its $260 million acquisition of LivingSocial Korea, which is the holding company of Korean ticket and e-commerce company Ticket Monster.
Bitcoin ATMs set to appear in Hong Kong and Taiwan
Bitcoin ATM startup Robocoin intended to prioritize the demand of Bitcoins in the Asian region with the planned debut of its ATMs in Hong Kong and Taiwan this January, said a TechCrunch report.
Huntington Ingalls buys Colorado-based firm Stoller
Newport News, Virginia-based nuclear services provider Huntington Ingalls Industries has picked up Broomfield, Colorado-based environmental engineering company SM Stoller Corp in a deal, of which financial terms were undisclosed.
Bunge North America sells stake in corn-based ethanol plant to Ergon
Bunge North America Inc., a unit of food processing company Bunge Ltd, has put up for sale its remaining stake in Ergon BioFuels LLC for an undisclosed sum. The said stake will be bought by its joint venture partner Ergon Inc.
Latest News
China Gold International, a Vancouver-based gold miner, is interested in acquiring gold or copper mines in Canada, but is not willing to overpay for it. China Gold is backed by China's biggest gold producer China National Gold.
Fisker Automotive, the bankrupt maker of plug-in hybrid sports cars, seeks a bankruptcy court ruling rejecting the company's sale to Chinese auto parts company Wanxiang Group. Fisker blames Wanxiang for its bankruptcy.
In its first-ever acquisition, Seattle-based online dating site LikeBright picked up Utah-based matchmaking software firm MatchMate and is now embarking on a $1 million fundraising round.
Canadian Pacific Railway Ltd said it will be exiting a part of its Dakota, Minnesota & Eastern line to Genesee & Wyoming Inc for a price tag of $210 million.
Codere, a Spanish gaming group with €1.27 billion of debt as of last September, is seeking creditor protection and beginning talks to avoid insolvency. Codere may be unable to pay a €127 million loan due on January 5 if it fails to reach an agreement with its lenders.
The rising use of mobile computing has prompted the development of fresh technology startups around the world as international entrepreneurs hope to get a share of the markets for tablets and smartphones, the Financial Times reported.
Blackberry Ltd has said in a statement on January 2 that it will be parting ways with its global creative director, musician and celebrity Alicia Keys.
Investor demand for shares of auto lender Ally Financial has grown as evidenced by the increasingly high prices paid for them in recent private transactions, sources told Reuters.
IMS Health Holdings, which is backed by private equity fund TPG Capital Funds LP, Leonard Green & Partners LP and pension fund Canada Pension Plan Investment Board, said in a filing with the US Securities and Exchange Commission that it intends to raise as much as $100 million in a listing at the New York Stock Exchange.
