KIA, Och-Ziff others pledge $2 billion for Dalian Wanda's up to $3.86 billion IPO

Kuwait Investment Authority (KIA) and Och-Ziff Capital Management Group Ltd (OZM.N) are among the group of 11 investors that have committed about $2 billion towards Dalian Wanda Commercial Properties Co Ltd's Hong Kong initial public offering (IPO), a person with direct knowledge of the matter told Reuters.


Spying techniques exposed by Snowden not unlawful

British spies did not break laws guaranteeing human rights when they used mass monitoring techniques revealed by former U.S. National Security Agency contractor Edward Snowden, the country's surveillance watchdog ruled on Friday.

Cisco Systems sues rival for infringement of network patents

Network equipment maker Cisco Systems Inc filed two lawsuits on Friday against Arista Networks Inc, accusing the smaller rival of copying its networking technologies.

Sony investigator says cyber attack 'unparalleled' crime

Forensics experts hired by Sony Corp to investigate the massive cyber attack at its Hollywood studio said the breach was unprecedented, well-planned and carried out by an "organized group," according to an email obtained by Reuters on Saturday.


Latest News

An International Monetary Fund mission will visit Kiev from Dec. 9 to 18 for talks with the new government regarding a $17 billion bailout program, the IMF's Ukraine representative Jerome Vacher said on Saturday.
Amazon.com's launch of its own private label brand of consumer goods, starting with diapers and baby wipes, underscores the website's maturity as a grocery retailer and the migration of grocery shopping online.
With freezing temperatures gripping Kiev, Ukraine's state energy firm Naftogaz said on Friday it had transferred $378 million to Russia's Gazprom to buy Russian gas for December, paving the way for the first shipments since Moscow cut supplies in June.
Regulators in France, Germany, Belgium and Luxembourg are suspending the marketing approval of 25 generic drugs due to concerns over the quality of data from clinical trials conducted by India's GVK Biosciences, French watchdog ANSM said on Friday.
Senator John McCain said a more than 90-year-old law that requires ships servicing coastal businesses to be built and mostly staffed by U.S. crews will be repealed sooner or later if lawmakers keep fighting the trade restriction.
President Enrique Pena Nieto on Friday presented a bill to Mexico's lower house that represents the first step towards a possible increase in the country's low minimum wage.
U.S. energy firms are swiftly shifting drilling rigs away from less productive areas and hunkering down in sweet spots of North Dakota and Texas shale oil fields as they try to lift output and cut costs in response to the toughest crude market in years.
CBS programming will no longer be available to Dish subscribers in New York, Los Angeles, San Francisco and other markets, after CBS Corp (CBS.N) and Dish Network Corp (DISH.O) failed to agree on a new contract.
European Commission President Jean-Claude Juncker has insisted the $40 billion South Stream natural gas pipeline can still go ahead and accused Russia of holding EU-member Bulgaria to ransom when it said it had abandoned the project.
The U.S. Marshals Service on Thursday received more than two dozen bids for 50,000 bitcoins seized from the alleged owner of Silk Road, an Internet black-market bazaar on which authorities say drugs and other illegal goods could be bought.