Student rental marketplace FlatClub raised USD1.5 million from angel investors and venture capitalists to build more transient rooms and apartments across the US and Europe.
Sectors
RSA Insurance Group Irish unit Chief quits as accounting probe continues
RSA Insurance Group's Irish unit Chief Philip Smith resigned as the internal probe conducted on the insurance firm's accounting practices continued. Smith reasoned that he was made as a fall guy.
Article highlights seven apps for Black Friday shoppers
An article on The Washington Post gave a list of seven apps that would reportedly help users get good deals and breeze through Black Friday shopping.
Exxon to exit 25% stake in Iraq oilfield to PetroChina
US oil major Exxon Mobil will sign over its 25% stake in Iraq's West Qurna1 oilfield project to China's largest energy company PetroChina. Exxon previously offered to sell its entire stake in the oilfield following a disagreement with Iraq's central government.
Goldpoly New Energy Holdings enters agreement to purchase equity stake in solar farm projects
Chinese photovoltaic solar farm operator GoldPoly New Energy Holdings will be purchasing an 80% equity stake in solar farm projects for HKD 100 million or USD 12.9 million.
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Global Infrastructure Partners will sell its 27% stake in the Port of Brisbane to Cassie de Depot et Placement du Quebec for AUD1 billion (USD908 million). Cassie is the second-biggest pension fund in Canada.
Illinois-based giant pork producer The Mashhoffs inked a definitive agreement to acquire Midwest poultry producer GNP Company in a deal that will provide the capital that GNP needs for its growth.
Sources told Bloomberg that Beijing-based insurance firm Anbang Insurance Group was thinking of offering a bid for Hong Kong's Wing Hang Bank Ltd even though an Anbang press official said the company has no plans to purchase the lender.
Graham Holdings Co. announced the sale of the headquarters of The Washington Post to developer Carr Properties for USD159 million in a deal expected to be closed by the end of March 2014.
American casual apparel and accessories retailer Aeropostale on Tuesday adopted a poison pill. The struggling teen retailer, however, said that the move was not meant to deter potential suitors.
Irate shoppers say they will not be spending a dime on stores that will open early as early as 6 A.M. on Thanksgiving for Black Friday and threatening a boycott.
Banco de Oro (BDO), the top lender in the Philippines, has successfully completed a PHP5 billion fundraising through an offering of high-yield deposits to retail and institutional investors.
Sources interviewed by Bloomberg said the Microsoft Board had favored Ford CEO Alan Mulally and internal executive Satya Nadella as the front runners to lead Microsoft.
Bitcoin advocate Mike Hearn and skeptic Dr. Stephen Kinsella shared their opposing views on the future role of the digital currency in a BBC News report.
