Colombia's Grupo Energy picks up $650M stake in Peru gas pipeline

Colombia-based firm Grupo Energia de Bogota inked a deal valued at $650 million to acquire a 23.61% stake in Peru-based gas pipeline operator Transportadora de Gas del Peru.

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Groupon grabs New York flash fashion site Ideeli in $43M cash deal

Chicago-based daily deals firm Groupon purchased New York-based flash fashion site Ideeli in a deal valued at $43 million in cash in a bid to compete with Amazon and other retail businesses.

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German Catholic church-owned Weltbild succumbs to online rivals

After struggling with increased book sales from online rival Amazon and others, German Catholic Church-owned publishing house Wetbild filed for insolvency and placed 6,000 jobs on the line, the Financial Times reported.

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Militello invests in Maryland-based fitness app Nexercise

Northern Virginia-based private equity investment manager has invested an undisclosed amount in Nexercise, a Maryland-based free motivational health and fitness app for iPhone and Android.

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The Hague tribunal reschedules Chevron, Ecuador arbitration claim hearing

The Permanent Court of Arbitration in The Hague, Netherlands has pushed back an arbitration claim hearing involving Chevron Corp. and Ecuador to February. Chevron was indicted for environmental damage done in Amazon by Texaco.

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Hong Kong toy maker Roam & Wander closes new funding round for US expansion

Hong Kong-based children's entertainment startup Roam & Wander successfully raised an undisclosed amount of funding from Hong Kong and Taiwan angel investors as it prepares to expand its US retail operations.

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Gift cards and shipping refunds were offered by Inc to appease its customers after UPS said it would not be able to deliver some packages by Christmas, Bloomberg reported.

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Alibaba rival to top sales target as Chinese shoppers flock to Internet, China's second-largest e-commerce site, is set to exceed 100 billion yuan ($16.47 billion) in annual sales for the first time in a market that has drawn investment from global retailing names such as Amazon and Wal-Mart.

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Brazil's Vale forms joint venture with power company Cemig, reduces stake in controversial Amazon dam

Vale, the world's leading producer of iron ore, agreed to enter into a joint venture with power company Cemig to run six hydroelectric power plants. Vale also halved its 9% stake in Norte Energia, which builds a hydroelectric dam in Amazon, Brazil

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Amazon quietly acquires Silicon Valley-based mobile payments startup GoPago for new project

E-commerce giant Amazon may have quietly bought Silicon Valley-based mobile payments startup Gopago for an undisclosed amount for a new "ambitious" project, according to Italian newspapers.

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Washington's Opscode raises $32M in Series D, changes name to Chef

Washington-based tech firm Opscode has raised USD32 million in a Series D funding round and changed its name to Chef after its configuration management and IT automation "cookbook" has become popular in the enterprise market.

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'Amazon of Asia' Lazada bags $250M to cement e-commerce in Southeast Asia

Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.

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eBay CEO labels drone delivery of products a fantasy

Chief Executive Officer John Donahoe of eBay Inc said in an interview with Emily Chang on Bloomberg Television that the use of drones to deliver products to consumers is a fantasy.

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Google bought 7 robotics firms for Andy Rubin to compete with Amazon

Google acquired seven robotics firms in the past six months to create manufacturing and logistics robots for a project under Android founder Andy Rubin to compete with Amazon's flying delivery drones.

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Experts say Amazon drones faced with tremendous obstacles- report

According to a Financial Times report, Amazon faces safety and regulatory hurdles before it can get its plan to use drones to deliver packages to consumers off the ground.

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