Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Times.
Sectors
Mt. Gox CEO resigns from the board of Bitcoin Foundation
Mt. Gox Chief Executive Officer Mark Karpelès has resigned as a board member from the Bitcoin Foundation, according to a source interviewed by The WSJ and confirmed by the foundation with a statement on its website.
Ayala buys out Mitsubishi's stake in Philippine energy firm
Makati, Philippines-based real estate investment firm Ayala Land Inc (ALI) bought out the 40% holding of Tokyo, Japan-based trading giant Mitsubishi Corp in Philippine Integrated Energy Solutions Inc (PhilEnergy) for an undisclosed amount.
Upset Investors tell global brands to take greater risks like their small competitors
Investors of large consumer food companies want them to take bolder action than just merely cutting costs as their smaller competitors take on risks and increase market share, Reuters reported.
IBM beefs up investment in cloud services to get more customers on board
IBM is going to further enhance its cloud services platform with a $1 billion investment until next year to lure more clients to SoftLayer Technologies Inc in its efforts to improve sales that have declined for the past seven quarters, Bloomberg reported.
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Illinois, US-based agricultural giant Archer Daniels Midland (ADM) invested $25 million in equity in Menlo Park, California-based renewable chemicals firm Rennovia as its latest venture into renewable plastics.
West Perth, Australia-based public exploration and mining firm Golden Rim Resources raised $491,000 in placement to continue developing its Balogo project in Burkina Faso, Africa while the firm is still trying to determine other funding options.
Sony's wearable technology called the SmartBand SWR10 which was first introduced at the CES last month will finally be available in 60 markets in March, TechCrunch reported.
San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011.
New York City, US-based music publisher Reservoir Media Management picked up the music catalogue of Ireland-based First State Media Group for an undisclosed amount to increase its list to 75,000 songs.
The merger between Silverado Power and Sustainable Power Group or sPower, an independent power producer majority owned by private investment firm Fir Tree Partners, has finally been completed, with the newly-created firm to be called sPower.
Sunnyvale, US-based mobile security solutions provider Good Technology announced its purchase of Columbia, Maryland-based enterprise mobility management software maker Boxtone for an undisclosed amount to boost security in joint products and widen its client base.
The potential use of big data by insurance firms to create a profile of possible policyholders carries with it advantages and drawbacks, the Financial Times reported.
Balderton Capital led the seed investment round for London-based carwow, an online website for those who want to buy new cars. Episode 1 Ventures, Samos Investments and angel investors also joined in the round.
