The creation of The Bitcoin Investment Trust (BIT) by online marketplace SecondMarket was reportedly a precursor to more vehicles for investors intending to bet in Bitcoin at its popularity.
Sectors
Pfizer Ltd to take over Wyeth Ltd
A Saturday announcement revealed that Pfizer Ltd, Pfizer Inc's Indian unit, would be merging with its local affiliate Wyeth Ltd after both pharmaceutical firms' boards approved the deal.
Diffbot, Semantria form special partnership to analyze scores of text on the Web
A revelation from Semantria founder Oleg Rogynskyy disclosed that the partnership of the sentiment and text analytics services provider and Web scraping API developer Diffbot was born at a hackathon in San Francisco.
Court gives approval for TransUnion-TLO merger
TransUnion securing the approval from the US Bankruptcy Court for the Southern District of Florida to acquire TLO LLC would mark the end of the court-supervised acquisition.
Wikipedia's demise to continue if editing tools and system are not fixed - reports
Two separate reports concluded that Wikipedia may shut down early if it does address the issues of its declining editor base and its bureaucratic system and guidelines.
Latest News
The Galeao airport in Rio de Janeiro was sold to Odebrecht and its partner Changi Airports International for USD8.3 billion, a value almost four times the minimum bid.
Although accounting regulator the Public Company Accounting Oversight Board (PCAOB) said Deloitte Touche Tohmatsu Limited failed to correct its irregularities in its audit work seen in 2009, it lauded the accounting firm for making efforts to rectify irregularities found by the board during its review in 2010 and 2011.
Drayton McLane Jr, Comcast and NBC Universal said that Jim Crane's claim that they cheated him out of the acquisition deal of US professional baseball team the Houston Astros was ludicrous.
Colorado-based building and battery startups Prescient, Boulder Ionics, and RoundPegg announced that they received funding from investors this week, which will be used for expansion and development.
Ikea's overall sales rose 3.1% to EUR 1.27 billion for the financial year to August. The home decor and building materials company recorded an impressive 29% increase in online sales, which allowed Ikea to reach new demographics.
TPG Capital believes there are still many opportunities can still be found in the cost-saving goal of the country's current health-care reform, as stated by a principal at the megafirm.
Observers said the delay in Sprout Farmers Market Inc's stock offering is a rare occurrence, but the said plan is expected to push through next week.
Buyers of new homes in CastleRock Communities would be having the choice of equipping their homes with solar power with the agreement signed by the homebuilder and solar power provider SolarCity.
Norway's Aker Solutions ASA on Friday announced that it will divest its well intervention business to Swedish private equity firm EQT Partners. The transaction is worth USD654.31 million, including debt.
