Statoil ASA announced a profit decline for the second quarter of 2013. Norwegian energy company Statoil ASA experienced an unexpected drop in profit in the second quarter, a backlash of the declining gas and oil production and prices.
Corporations
Librato Closes US$3.8 mln Series A Fund
Librato concludes Series A funding round with US$3.8 million. San Francisco-based Librato, which provides cloud-based monitoring services for operations and development units, reported a US$3.
Argonne Capital offers to buyout Alco Store
Alco Store and Argonne Capital Group revealed that the private equity firm have offered to acquire the retail chain company for US$47 million.
Oaktree Capital hires Goldman Sachs for Tekni-Plex buyer
Distressed debt investor, Oaktree Capital Group said that they hired Goldman Sachs Group to look for a buyer for Tekni-Plex.
Generac expands international coverage with Tower Light
Generac Holdings purchases Tower Light in line with global expansion goals. Generator manufacturer Generac Holdings Inc. announced the finalization of a purchase deal with Ambienta I for the acquisition of Tower Light Srl and its wholly-owned subsidiaries earlier today.
Latest News
KKR & Co names former Prudential Plc unit head Martin Moore as senior adviser. Private equity firm KKR & co. appointed former Prudential Plc (PRU) property unit director Martin Moore as senior adviser for real-estate affairs, confirmed the company in a statement.
IT company SevOne appoints high-profile CEO to help the firm become the "next great technology company."
Ashland Inc may opt for divestment of elastomers and water-treatment businesses. Ashland Inc. (ASH) has announced plan to divest an elastomers unit and possible sale of a water-treatment business, moves that could cut around US$2 billion from the American chemical company's revenue.
Aston Martin announces collaboration with Daimler for new engine production. Global luxury carmaker Aston Martin announced on Thursday that it is planning to sign a deal with Daimler's Mercedes-AMG GmbH unit for the release of a new line of bespoke v8 engines.
Facebook faced two major mobile ad challenges. Undoubtedly, Facebook's mobile ad business has grown. Facebook ads are paid advertisements that are "relevant and interesting" to a user.
The Washington Redskins has signed on BDO USA as its official accounting firm. Consulting organization BDO USA announced earlier today that it has signed a deal with The Washington Redskins as the football league's exclusive accounting firm.
Dow Chemical revenue continues to climb as demands for crop protection products and plastics increase.
It was reported that Google planned to invest in Uber funding round. Google, through Google Ventures, was expected to participate in Uber's upcoming new round of funding.
A Chromecast forecast signalled more Netflix subscribers up ahead. Google recently announced its latest device, the Chromecast. The device basically allowed "TVs to become second screens to Google-powered devices" running the Chrome browser.
