HBC to acquire Saks for US$2.9 billion

Hudson's Bay Co said last Monday that they would acquire Saks Inc. for US$16 per share piece in cash including debt.


GridGain gets US $10 mln series B funding

California-based GridGain Systems gets US $10 million in series B funding from Almaz Capital. GridGain Systems acquired US $10 million from a series B venture funding led by global venture capital firm Almaz Capital.

CORRECTION: Secret agencies ban Lenovo PCs

Lenovo PCs proved to be risky for intelligence and security networks across the world, reports said.

SigmaCare receives new equity funding from Marlin Equity Partners

Marlin Equity Partners infused SigmaCare with fresh equity funding. Marlin Equity Partners recently backed SigmaCare with fresh equity funding. No financial details were disclosed, but SigmaCare CEO Steve Pacicco said the funds will be used for expansion.


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Darwin Private Equity bought Esendex for GBP 11 million (USD 16.9 million). Darwin Private Equity acquired Esendex for GBP 11 million (USD 16. 9 million).
Analysts think that Microsoft can regain the throne, but only if restructuring and community policies were employed.
Mozilla released their open source operating system for the mobile called Firefox OS. Mozilla released their offering for the mobile smartphone industry with the Firefox OS.
A leaked photo of Apple's low-cost "iPhone 5C" seem to hint the possibility of rumors.
There are currently four ways to advertise on Twitter. Like Facebook, Twitter was focused on in-stream ads and leveraged organic social activity in the social media site.
A mining analyst said that improved consumer sentiment in the US is a good sign for diamond investors.
Valeant Pharmaceuticals said it expected to save more than USD 800 million when it buys Bausch & Lomb.
HBC and Saks Inc. made a definitive merger agreement worth US $2.9 billion. Saks Inc. and Hudson's Bay Company (HBC) announced that they made a definitive merger agreement.
A recent filing with the US SEC showed that Frank's International N.V. raised the size of its IPO to USD 724.5 million.
PPG announced last Monday that it has agreed to sell all of its controlling stake worth US$1.73 billion in Transitions Optical.