The proceeds for the 3.3 million shares in Chatham Lodging Trust sale would be used for debt payment and general corporate purposes.
Sectors
JC Penney set to raise new equity to shore up its finances
JC Penney is now deep in plans to increase its cash reserves and financial well-being through loans and other means.
Barclays to close wealth management services
In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.
Fairfax seeking equity investors for BlackBerry bid
The USD4.7 billion bid by Fairfax for BlackBerry would be backed up by loans, equity investments and its own shares in the smartphone maker.
Apple's distributiorship tactics subject to review
France and the European Union are conducting inquiries as to the tactics employed by Apple that would violate antitrust regulations.
Latest News
Google rolled out new updates on Chrome and Chrome apps today, simplifying certain features. Today, Google rolled out an update of its Chrome browser to simplify new tab interface.
Roku launched a revamp of its existing streaming media devices with some features of its current flagship model Roku 3 amidst rumors that Apple would be changing its TV streaming device soon.
Social feeds in the Middle East announced that Samsung's Galaxy S4 would also be available in gold finish.
Youtube and Google+ had teamed up to improve the system of moderating comments in Youtube, and recently did a soft launch with a limited number of Youtube users.
Sources told Reuters that Lockheed Martin Corp anticipated orders for its F-35 fighter jets in the next few months.
Financing for the Blackberry Ltd buyout by Fairfax Financial Holdings Ltd. would be largely dependent on the smartphone maker's debt-free assets, said financial analysts.
Analysts thought that Tokyo Electron Ltd's takeover was unusual move in an industry norm where local companies were rarely open to mergers or takeovers by their foreign rivals.
Amazon introduced its latest addition to the Kindle line, the Kindle Fire HDX. Amazon introduced another addition to its Kindle line. The Kindle Fire HDX in 7-inch and 8.
Celebrities welcomed the launch of the Samsung Galaxy Gear smartwatch in the UK. The launch of Samsung's smartwatch was a star-studded event in the UK.
