Sectors
Alibaba acquires stake in ShopRunner as it prepares for an IPO
Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
PLDT Group's MediaQuest becomes majority shareholder of BusinessWorld
MediaQuest Holdings Inc bought more shares in BusinessWorld, making the PLDT Group subsidiary the majority stakeholder in the Philippine's first business newspaper.
Samsung to unveil watch-like phone Galaxy Gear next month
Samsung Electronics Co. would introduce a wristwatch-like gadget called Galaxy Gear on September 4, 2013.
US regulator subpoenas metals warehousing companies
A US regulator subpoenaed major metal warehousing firms after an alleged restriction of material inflated prices.
Latest News
According to cyber experts at RSA, the Zeus virus, widely utilized to embezzle credit card data, was recently altered to generate fake likes in Instagram and other social media sites.
BlackBerry could go private to help improve market value. BlackBerry finds itself on the verge of going private, according to analysts in a Reuters report.
Samsung’s smart wristwatch launch next month is expected to set off new battle following wrangles with Apple Inc over smartphones and tablets.
Live Nation completed a debt refinancing which would cut its yearly cash interest payments by USD12 million.
AOL would lay off half of the personnel in its local news sites unit Patch as well as shutter of consolidate approximately 150 of its 900 websites.
Forrester Research Inc said concerns regarding the Prism spy project of the US National Security Agency could cost US companies USD180 million worth of business in the IT service market.
Daniel Loeb's hedge fund Third Point LLC purchased a USD113.7 million stake in Walt Disney Co. The Third Point LLC of Daniel Loeb purchased a USD113.
US District Judge William Alsup said singer songwriter Chubby Checker could sue Hewlett Packard Co for infringing his trademarked name.
Groupon stocks dropped by 4.2% to USD9.78 after Tiger Global Management LLC cut its stake in the company.
A source said Sony Corp reached a preliminary agreement with Viacom Inc. for television streaming services.




