LG Electronics will be using webOs operating system from Hewlett-Packard for its internet-connected TVs.
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Chesapeake Energy and Encana Face Antitrust Suit
Northstar alleges collusion by Chesapeake and Encana for oil and gas rights. A Michigan landowner is suing both Chesapeake Energy Corp and Encana Corp for antitrust violations alleging collusion between the two energy firms to rig the results of a bidding process for oil and gas rights held back in 2010.
Daimler Bearish on CIC Stake Purchase
Daimler is not to keen on the reported interest of CIC over shares of the company. German car giant Daimler is not expecting sovereign wealth fund China Investment Corp to continue with its purchase of the ten percent stake in the company.
Hiscox To Return GBP200 million to Shareholders
Hiscox announce dividends for its shareholders. (Photo: Reuters) Rain falls outside a branch of Lloyds TSB in London The second largest Lloyd's of London insurer by market value, Hiscox Ltd has initiated plans to return nearly US$303 million to its shareholders.
CNOOC closes $15.1 billion acquisition of Canada's Nexen
The contentious $15.1 billion takeover of Canadian oil and gas company Nexen Inc by Chinese state-owned entity CNOOC Ltd closed on Monday
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CEDC on the brink of bankruptcy amidst debt payment concerns. The Central European Distribution Corp, the Polish vodka maker, has seen its share price value fall by as much as 58% in the NYSE because of concerns as to its ability to repay debts that would fall due next month.
Sinopec purchases 850,000 acres for US$1.02 billion. Half of Chesapeake Energy Corp's assets has just been purchased by China Petroleum and Chemical Corp or Sinopec.
mFounder has agreed to use MasterCard's MasterPass for its bank customers. mFoundry and Mastercard have reached agreement to avail MasterPass-connected wallets to nearly 900 bank customers of mFoundry.
Goldman Sachs to lay off employees again. Goldman Sachs is undertaking cost cutting measures in light of issues with its bottom line. Job cuts are in the offing, with some getting the axe as early as this week as the business continues to face rough waters.
Share values fall on rumors of sales of pledged stocks. Share values fell for small and midsized companies on rumors that pledged shares of specific companies were being offered for sale.
Global alternative asset manager The Carlyle Group, today announced that Jacques Chappuis will join the firm as Managing Director and Head of the Solutions business segment
The Malaysian company reported net profit of 1.08 ringgit for the quarter ending on December 31. (Photo : Reuters) Asian lender CIMB Group Holdings Bhd reported that its net profit for fourth-quarter declined by 4.
Barclays to issue convertible bonds for more capital. Barclays, in a move to address possible concerns, is formulating a plan to seek shareholder approval to sell bonds that are convertible to shares should the bank hit troubled waters.
Apache partners, a UK-based investment advisory firm, will be setting up a fund with main focus equities and fixed income in key markets.
