The online, privately held lending company borro just received $26 million in new funding to expand its U.K. and U.S. operations. borro offers loans ranging from $1,000 to $1 million dollars secured against personal assets such as jewelry, fine art, classic cars or even wine collections. It just received $26
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Asia's Largest Refiner, Sinopec, Drops Hostile Bid for Privately-held China Gas
In the ultimate David and Goliath story, the China Petroleum & Chemical Corp., Sinopec, Asia's largest refiner and one of China's biggest state-owned firms, dropped its hostile bid to take over the much smaller, privately-held China Gas Holdings after a contentious struggle lasting nearly a year, according to major media stories.
WSJ Technology Innovation Awards: Printechnolgics, Pure Storage and Vidacare Nab Top Spots
The Wall Street Journal has recognized the world's hottest new innovations with its annual Technology Innovation Awards, highlighted in today's paper. Culled from 536 applications originating in two dozen countries, the 37 winners and runners up span 18 categories and include start-ups as well as larger, more established companies.
SoftBank To Buy 70 Percent Stake in Sprint Nextel for $20 Billion
The Japanese telecommunications company Softbank Corp. has struck a deal to buy a 70 percent stake in Sprint Nextel for $20.1 billion.
German Retailer Douglas Receives Go-Private Offer
After months of negotiations, the German retailer Douglas Holding, which is known throughout Europe for its perfumeries, jewelry and book stores, is well on the road to going private. The Wall Street Journal reported on Monday that the company's founding family has joined private equity firm Advent International in a takeover offer.
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A recently released study by Dow Jones finds that venture capital-backed companies with female executives are more successful than those with only men in senior executive roles.
Apple's answer to the Kindle Fire and Nook, the iPad Mini, could be in stores as early as Oct. 23, according to the technology website AllThingsD, as reported by ABC News.
Millennial Media, a six-year old independent company ranked No. 2 last year in mobile advertising sales in the United States, Reuters reported today. Its customers included 75 of the top 100 Ad Age advertisers.
The sale of at least $100 million in fraudulent renewable energy credits since 2009 has fueled arguments by oil and gas refineries opposed to their government-mandated purchase of such credits.
The third richest man in America and the sixth richest billionaire in the world, Oracle founder and CEO Larry Ellison, is interested in bidding on the Anschutz Entertainment Group (AEG) sports and entertainment empire, Reuters reported this morning based on two inside sources.
A temporary injunction banning the sale of Samsung Galaxy Nexus smartphones has been overturned, dealing a blow to Apple in its ongoing battle with the South Korean electronics giant.
Greek's ancient Port of Piraeus is half-owned by the Chinese-owned giant Cosco, which has tripled the volume of cargo traffic there since 2010. The trade-off is in workers' salaries and employment protections.
The London-based HouseTrip, which allows users to rent out their homes while they're away, raised $40 million in its third-round of funding, from Europe's three largest venture capital firms.
Reuters reported today that big private equity firms will bid for Ingham Enterprises, Australasia's largest poultry producer, according to confidential sources.
