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.
North America
Shuanghui acquisition of Smithfield a go, gets shareholder approval
In a meeting on Tuesday, a whopping 96% of Smithfield Foods Inc shareholders voted in favor of the USD4.7 billion acquisition by Shuanghui International Holdings Ltd.
USPS features Ray Charles in "music icons forever" stamp
The United States Postal Service featured Ray Charles in its new forever stamp. The United States Postal Service featured blind singer-songwriter Ray Charles in its new forever stamp.
Powerball USD 400 million winner prefers to remain anonymous
The winner of the USD 400 million Powerball jackpot claimed his prize but preferred to remain anonymous.
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.
Latest News
The New York Federal Reserve Bank retains bond purchasing policy. The head of New York's Federal Reserve Bank said last Tuesday it would remain possible for the Federal Reserve would trim its bond purchases before the year's end.
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.
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.
According to a report by the New York Post, two sources said that private equity firms Sycamore Partners and KKR & Co LP would be bidding for fashion retailer The Jones Group within this week.
The National Credit Union Administration (NCUA) had filed complaints against Morgan Stanley and eight other financial institutions for selling faulty mortgage-backed securities.
Applied Materials and Tokyo Electron signed a definitive agreement to merge and create a new firm valued at USD 29 billion.
