A Wall Street Journal report said that Beats Electronics is planning a major buyout of HTC and generate funds to expand its newest digital streaming business Beats Music.
Sectors
Billionaire Frost to list Opko Health, Inc. in Tel Aviv Stock Exchange
Miami-based drug developer Opko Health, Inc. will enlist in Tel Aviv Stock Exchange to acquire Israeli drugmaker, Prolor Biotech, Inc.
China poll sees local debt as future problem
Recent survey results conducted by Chinese economists feared that the local government loans will amount to future problems for the state.
Beats to buy out HTC
Beats spoke with unknown investors to buy out HTC's minority stake. The Wall Street Journal quoted an anonymous source about Beats Electronic buying out its minority stakeholder Taiwan's HTC.
New banking regulation causes Turkish equities to fall
Banking regulations discouraging excessive use of retail credit cards caused Turkish equities to drop.
Latest News
Company filings revealed that W&G Investments will be offering a share sale tomorrow as part of its due diligence requirement for its planned bid of RBS branches.
Atlas Copco said it would purchase Edwards Group for up to USD 1.6 billion. Sweden-based Atlas Copco announced its plans to acquire Edwards Group. The deal, worth up to USD 1.
The Singapore government disclosed plans of improving social programs to alleviate economic strains.
South African firm Sasol Ltd sold its stake in Arya Sasol Polymer Co to Main Street 1095. Sasol sold its 50% stake in Arya Sasol Polymer Co, its Iranian unit.
Austrian energy company OMV purchased several stakes in Norway's Statoil worth at least USD 2.65 billion.
Kentz Corp said no to takeover offers from rival AMEC Plc and Germany-based M+W Group. Kentz Corporation Ltd rejected approaches from AMEC Plc and M+W Group to take over the engineering firm.
Asian markets affected by US stock's worst weekly performance for the year. Asian markets fluctuated with meek profits and losses Monday as apprehensions rose on US market issues.
XPO Logistics Inc completed its acquisition of 3PD Holdings in a deal valued at USD 365 million. Arcapita sold its North American logistics company 3PD Holding to XPO Logistics Inc.
Market research firm eMarketer projected mobile payments will top USD1 billion in the US for this year, and by 2017 would reach USD58 billion.
