Blackberry announced the creation of a committee to look into strategic alternatives like joint ventures, partnerships and sales to help revive the company.
Sectors
Dell Deals with Buyout Uncertainties, Getting More Worried about the Future
Amid dark forecasts on the PC market, especially for the future of Dell, Dell's buyout prospects may be on the rocks as well.
Tegile Systems secures USD 35 million in Series C round
Tegile Systems announced the successful closing of its Series C funding round with USD 35 million in a round led by Meritech Capital Partners.
Prospect Capital Corp loans Matrixx Initiatives USD 80 million for recapitalization
Prospect Capital Corp gave a loan valued at USD 80 million to Matrixx Initiatives Inc for its recapitalization.
InsideView raises USD 19 million from Split Rock Partners and existing partners
InsideView said it was able to secure USD 19 million in a round led by Split Rock Partners. Software service company InsideView announced that it closed USD 19 million in financing on Monday.
Latest News
Greece completed the sale of the 33% stake it held in OPAP SA to Emma Delta fund for EUR 652 million.
Italy's tax police determined that around $333.8 million of Salvatore Ligresti', his daughters' and the company executives' assets will have to be seized.
Titus Naikuni, CEO of Kenya Airways, announced that the fire at JKIA had already cost his company USD 4 million in revenues.
HTC Corp was said to have paid USD 10 million to Robert Downey Jr to endorse the brand in a TV commercial.
PAL Holdings Inc assistant corporate secretary announced that the joint venture of Philippine Airlines with a Cambodian firm would be finalized this October.
Medtronic purchased Cardiocom for USD 200 million in cash. Medtronic Inc, the world's largest medical technology company, bought Cardiocom Llc for USD 200 million.
In an editorial on the Daily Telegraph, Prime Minister David Cameron gave his backing for hydraulic fracturing.
A unit of San Miguel Corp remained the only bidder for ALECO after Aboitiz Energy and Manila Electric backed out.
Japanese printer maker Brother Industries opened a new manufacturing plant in the Philippines. Brother Industries, a printer maker based in Japan, opened a new manufacturing facility in the First Philippine Industrial Park in Batangas.
