Texas-based private equity firm TPG Capital was able to get the approval of its investors for a time extension to invest their money.
Regions
China Railway Corporation boosts annual investment to CNY 660 billion
State-owned China Railway Corporation announced that it will boost its investment in fixed assets this year to CNY 660 billion.
Android smartphones continue to reign as iPhone, BlackBerry plunge
Android-powered smartphones continued to reign with its growing market share while iPhone and BlackBerry's sales plunged in the second quarter.
Chong Hing Bank receives M&A offer: sources
Sources told Reuters that Hong Kong-based Chong Hing Bank Ltd has received a potential merger and acquisition offer from a firm controlled by the Guangzhou city government.
Apple gains second place and nearly a third of the market
Analysts said there's nothing wrong with Apple grabbing the silver medal since it also took a third of the global market share.
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Apple turned things around and sought for Samsung phone sales ban in its home market. Apple Inc is currently trying to force the mobile devices of Samsung Electronics Co.
PayPal plans to expand so that it could be a one-stop shop for customers' financial services needs.
GlaxoSmithKline (GSK), the biggest pharmaceutical firm in Britain, launched a USD 50 million venture capital fund for bioelectronic medicines and technologies.
Demand Media's total revenue growth slowed to 9% to US$101.1 million due to changes at Google. On Wednesday, Demand Media said its aggregate year on year revenue growth slowed to 9% during the second quarter to US$101.
BMC cut its leveraged buyout loans from US$4.2 billion to US$3.5 billion and boosted sale of bonds from US$1.38 billion to US$1.63 billion.
Fusion-io posted a large quarterly loss due to advertising costs and expenditures associated with the absorption of NexGen Storage's workers.
BMC Software Inc raised US$1.63 billion of dollar denominated debt after boosting the offering by 18%.
Russia-based telecommunications operator MegaFon announced that it would be acquiring Scartel, the only 4G provider in the country for USD 1.2 billion.
New York Times Co Chairman Arthur Sulzberger Jr announced they won't be selling the New York Times.
