A Bloomberg report said the largest insurance firms in the UK will be pouring about GBP 25 billion or USD 41 billion in the country's infrastructure in the next five years.
Sectors
Yahoo acquires Los Angeles-based mobile video startup Ptch
Yahoo has purchased Los Angeles-based Dreamworks Animation-incubated mobile video app Ptch, which will shut down on January 2, 2014, in a deal with yet undisclosed financial terms.
Wikipedia launched new crowdfunding campaign to raise USD50 million
Wikimedia Foundation Inc., operator of the world's #5 website Wikipedia, on Tuesday began its new crowdfunding campaign. The foundation seeks to raise USD50 million, up from the USD30 million it raised last year.
Brazilian antivirus startup nabs USD30 million in Series C funding round
Brazil-based antivirus startup PSafe raised USD20 million in a Series C investment round led by Qihoo 360, to be used for building the firm's technology and awareness marketing.
Ryanair won't take part in Alitalia cash call
Ireland's Ryanair on Tuesday announced that it won't participate in Italian airline Alitalia's EUR300 million emergency cash call. Other carriers including Lufthansa, Etihad Airways, Aeroflot and Alitalia shareholder Air France-KLM have also turned down the deal.
Latest News
If the Australian federal government does not boost Qantas Airways Ltd's credit ratings, the national carrier may sell its shares in its frequent flyer division or Jetstar's Asian arm, the Australian Financial Review (AFR) reported.
An article published by the New York Times said that the Versace deal may not please investors. Versace valued itself at over EUR1 billion (USD1.36 billion), which is 14 times its current-year EBITDA at EUR70 million.
Engaged Capital, an activist hedge fund, wrote a letter to the board of Abercrombie & Fitch urging the retailer to replace CEO Michael S. Jeffries when his contract expires next year.
Private equity firms are rushing to cash in on strong investor demand as evidenced by the flood of initial public offerings this year, according to a report.
Newsweek plans to return back to print with a 64-page weekly publication, according to Editor-in-Chief Jim Impoco in an interview with the New York Times.
Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.
The shares of Australia-based electronics seller Dick Smith Holdings Ltd lifted on its debut on Wednesday after securing USD315 million in its initial public offering.
According to a report by the South China Morning Post, the approved merger of American Airlines and US Airways to form the largest airline by revenues in the world is not good news for passengers.
Germany's Douglas Holding AG has began the process of divesting Hussel, the biggest confectionery chain in the country. After being taken private, Douglas committed to actively managing its portfolio through acquisitions and divestments.
