45 year-old recycling magnate Chen Guangbiao, whose charity works and publicity stunts are more known rather than his business sense, has claimed that he will be extending an offer to acquire the New York Times Co for $1 billion.
Sectors
Chinese firm concludes acquisition of SP AusNet stake
The State Grid Corp of China officially completed the $7.5-billion purchase of interests in Australian power firms SP AusNet and Jemena from utilities group Singapore Power.
Philippine bank RCBC completes exit of 65pct stake in Bankard
Philippine-based bank Rizal Commercial Banking Corp (RCBC) has completed the sale of its 65% stake in credit card issuer Bankard Inc to RYM Business Management Corp, according to a disclosure to the Philippine Stock Exchange.
Private lending in the Euro Zone drops to 20-year low
The data released in a report by the European Central Bank on Friday saw the hesitation of financial institutions in extending credit to households and businesses despite the economic recovery of the Euro Zone.
3D Systems acquires California 3D modeling firm Gentle Giant
South Carolina-based 3D printing solutions provider 3D Systems bought California-based 3D modeling firm Gentle Giant Studios for an undisclosed amount just a month after announcing its intention to acquire Xerox Corp's engineering group.
Latest News
In an attempt to argue against beliefs that this year will bear witness to a lot of bubbles, Jeff Bussgang said on his report that the technology sector will be contributing majority of groundbreaking records in terms of initial public offerings.
Shares in Tata Teleservices rallied to as much as 14.79% on Friday following news on buyout talks with British telecom company Vodafone. Indian conglomerate Tata Group is reportedly in talks with Vodafone to sell its 59.45% stake in Tata Teleservices.
John Hancock Funds and Merk Investments LLC, the top US foreign-exchange mutual funds who earned profits last year, had opposing views about the US dollar's performance this year, a Bloomberg report said.
A report by brokerage Douglas Elliman Real Estate and appraiser Miller Samuel Inc released today indicated an influx of home property sales in the Manhattan, New York area in anticipation of increasing prices and interest rates.
Lindsay Corp, manufacturer of irrigation equipment, recently announced that it will repurchase $100 million to $150 million in stock and will increase its quarterly dividend to $0.26 per share.
The Phnom Penh Municipal Police on Friday said that three people were killed and several others wounded after police fired AK-47 rifles to quell a labor protest by striking garment workers in Cambodia. Cambodian workers are demanding for a higher minimum wage.
FireEye-Mandiant merger signals shift of US companies regarding NSA surveillance and hacking attacks
The consolidation of security software companies FireEye and Mandiant was said to have signaled the hesitation of US firms to entrust the federal government the responsibility to protect its computer systems and will turn to private security providers instead, said a New York Times report.
Shares in French liquor company Remy Cointreau declined by more than 2% to €59.19 per share on Friday, following the resignation of its chief executive officer Frederic Pflanz. Pflanz quit his post three months after being promoted from his role as chief operating officer.
The central bank of Finland has expressed its worry about the possibility of the country's debt ballooning should no monetary reforms to curb spending take place, according to a Bloomberg report.
