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.
Corporations
Alitalia raises EUR173 million in cash call, to receive the rest from postal service, others
Italian airline Alitalia said on Thursday that it was able to raise EUR173 million of EUR300 million it needed in its cash call from investors with help from Intesa Sanpaolo and UniCredit.
Intuit partners with Capital One, Wells Fargo to provide access to customer financial data
The partnership of US software company and QuickBooks maker Intuit's partnership with banks Capital One and Wells Fargo for a loan facilitator program was a clear indication of companies turning into cloud computing and data analytics to improve their services, said an article published on the Financial Times.
Telecom Italia taps Morgan Stanley in tower lot sale - sources
According to sources who were familiar with the deliberations, Telecom Italia SpA obtained the services of Morgan Stanley to decide on the telecommunications company's divestment of its 7,000 tower lot in Brazil.
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.
Latest News
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.
Specialty Fashion Group, the biggest women's fashion seller in Australia, bought the Rivers clothing brand for USD5 million and plans to increase the number the Rivers outlets from 160 to 220.
Hong Kong-based Shuanghui International Holdings intends to offer a counter bid for Spanish meat processor Campofrio. Mexican food company Sigma Alimentos earlier offered Campofrio a takeover deal worth EUR695 million.
Australia-based gas and oil explorer Octanex said the main reason for its merger with Peak Oil & Gas was the latter's access to exploration projects in the Philippines and in Indonesia.
Charter Communications Inc is raising USD25 billion in debt to fund the acquisition of Time Warner Cable Inc, according to a source familiar with the matter.
Bankruptcy judge Sean Lane dismissed a private effort to block the merger between US Airways and AMR Corp and gave the clearance to allow the transaction to proceed.
In its APK Teardown of the Android YouTube app, the website Android Police found "Music Pass" that hints of a possible launch of a YouTube music subscription service.
Japanese chipmaker Toshiba offered to acquire solid-state hard drive maker OCZ Technology Group Inc. in a planned bankruptcy proceeding. The California-based company will immediately file for bankruptcy and liquidate if the deal with Toshiba falls apart.
