India's Public Sector Undertaking (PSU) banks initiated a process to offload their shares in credit ratings agency CARE Ratings, according to sources knowledgeable on the situation.
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Private equity veterans backs herbicide-free weedkiller firm in £750K fundraising round
UK firm Weedingtech's recent fundraising campaign was supported by high-profile private equity movers like British venture capitalist Jon Moulton and Millhouse LLC owner Roman Abramovich.
Google's Sundar Pichai leads race for Microsoft CEO -sources
Sundar Pichai, a senior vice president at Google, has reportedly emerged as the leading candidate for Microsoft's chief executive officer post. Pichai is competing head-to-head with Microsoft insider Satya Nadella.
Jos. A. Bank in talks to acquire peer Eddie Bauer from private equity owner
Clothing retailer Jos. A. Bank, which is in a takeover war with Men's Wearhouse, is reportedly in talks to buy Washington-based peer Eddie Bauer. Eddie Bauer is owned by New York hedge fund Golden Gate Capital.
Woodbridge International Opens Office in Santiago, Chile
Woodbridge International, a global mergers and acquisitions firm specializing in middle-market companies, announced the opening of its new office in Santiago, Chile. Senior M&A Advisors Giorgio Olivari and Andrés Bahamondes will be leading Woodbridge's Chilean team.
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Spokane, Washington-based startup iCPooch launched a crowdfunding campaign on Kickstarter to raise $20,000 for the production of a device that allows dog owners to send treats or conduct facetime with their dogs when they are away from home.
According to Central Bank of the Philippines Governor Amando Tetangco, the policy of increasing rates to cope with volatile currencies set in place by fellow emerging markets would be more harmful, the Financial Times reported.
Winterthur, Switzerland-based industrial engineering and manufacturing firm Sulzer Ltd inked a deal to purchase a 75% interest in Saudi Pump Factory together with the latter's owner Nabil Al Hashim, in a deal valued at CHF33 million.
Ablynx, a Belgian biotechnology firm, has agreed to a €20 million deal with Merck to develop immunotherapies that can bolster the human body's potential to combat cancer cells, the Financial Times reported.
Exploration company Xanadu Mines, together with its joint venture firm Mongol Metals, have agreed to purchase a 90% stake in the Kharmagtai copper-gold project in Mongolia from Turquoise Hill Resources in a $14-million deal.
It may still be the first two months of the 2014 but redesigning Apple's iPad is probably the regulatory overreach of the year committed by the Federal Trade Commission, The Wall Street Journal reported.
The Committee on Foreign Investment in the United States or Cfius is expected to thoroughly scrutinize the $2.9 billion acquisition of Motorola's handset business by Chinese technology firm Lenovo.
Social media giant finally rolled out its Graph Search feature to mobile devices one year after it was introduced, to give users an easier way to mine data and achieve cleaner results from a random set of words used in the search.
Joaquin Almunia, the Competition Commissioner of the EU, still has to make a decision on allegations that Google abused its market dominance and the price discrimination claims made of Russia's Gazprom before his term ends, Reuters reported.
