Sectors

Mergers would enable Austrian regional banks to save money for a Volksbanken buy back. An official representing Austrian regional banks told newspaper Kurier that mergers would enable them to save money to help buy back Volksbanken AG.

Bain Capital Partners said it would sell its majority stake in Domino's Pizza Japan to Australia's Domino's Pizza Enterprises Ltd.

Microsoft launched Microsoft by the Numbers that features a summary of the company from sales of licenses to consumed pizza slices.

Purchase of apps using Amazon coins saw a 50% weekly boost in revenues. The USD5 worth of Amazon coins was a gift well spent by Kindle Fire consumers. This in turn was an excellent money-generating move for both Amazon and app developers, according to tech evangelist Peter Heinrich.

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Elon Musk recently announced a radical transport system on solar energy that will reduce travel time from San Francisco to Los Angeles to 30 minutes.

J.C. Penney Co prepares to hire at least one new director to appease largest shareholder William Ackman's demands for a more functional board.

Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.

Yahoo entered into new partnership with Perion Network Ltd, which can benefit both parties by improving their individual services.

Blackstone expands apartments portfolio by acquiring 80 apartment complexes for General Electric, in anticipation of a booming apartment rental market.

The traditionally exclusive and sophisticated hedge fund investing market is now expected to be more open to the public through the partnership of Blackstone Group and Fidelity Investments, Reuters claimed.

Bill Ackman, the largest shareholder of J.C. Penney, have taken the offensive by airing out damaging statements against the company. In response, the board is discussing a possible retaliation.

As Blackberry announced its formation of a special committee to "explore strategic alternatives" like a possible sale to compete with its biggest technology rivals, conflict may arise.

Dole Food Co Inc agreed to be bought by David Murdock, after an increase in the offer price was given.

Campbell Soup Co announced that the sales of some of its European businesses to CVC Capital Partners is on the final stages.