Oil firm Occidental Petroleum Corp would be selling minority shares in some of its operations to increase shareholder value.
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Chukong raises USD50 million in Series D funding, denies IPO rumors
A total of USD50 million in investment funding was received by mobile game developer Chukong Technologies from backers including GGV capital and Sequoia Capital.
Wonga acquires Germany equivalent of PayPal to expand its payment business
In its announcement today, Wonga said it had acquired Germany online payments service BillPay for an undisclosed amount.
Russia-China Investment Fund to acquire forests products group
The Russia China Investment Fund acquired the Russian Forest Products Group. The Russia-China Investment Fund had announced the completion of an acquisition of an approximately 42% stake in RFP Group, a leading forestry holding firm in the Far Eastern region of Russia.
Air India awaiting government guarantees
The Indian government's guarantee for Air India was being awaited. The sovereign guarantees for Air India are being awaited for until next week in order for loans to be properly backed up with a total of Rs 2500 crore.
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Hyundai Rotem Co had priced its shares at a maximum amount of KRW 23,000 apiece after its IPO was oversubscribed.
On Friday, the European Central Bank said it would receive an early repayment of loans from banks next week valued at EUR5.199 billion.
RealityCap, an iOS app software company, had published a fix for iPhone 5S owners whose sensor provide inaccurate information.
Berlin-based Labfolder's product was aimed to help scientists plan and document experiments. CORRECTION: Changed facts in title and in article body.
People familiar with the bidding of ParknShop told Bloomberg that the Charoen Pokphand Group and Woolsworths Ltd were considering of abandoning their bids for the supermarket chain.
Iron Mountain had purchased Cornerstone Records Management in an all-cash transaction priced at USD191 million.
About USD43 billion was pulled from the money market as investor fears of US debt crisis reached its height prior to Wednesday nights passage of much needed legislation.
Air France-KLM CEO Alexandre de Juniac said a company restructuring should happen in Alitalia before the French carrier would consider putting out a takeover offer.
The Department of Energy loan given to the now floundering Fisker was bought out by an investment firm headed by Richard Li.
