CVC Capital Partners would be acquiring a 69% ownership stake in Chinese restaurant chain South Beauty Investment Co Ltd for USD300 million, sources said.
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Venture capitalists betting on growth of civilian drones
Venture capitalists said drones, largely used for military or scientific purposes, would be used for commercial purposes in the future.
LinkedIn's third quarter report shows robust gain despite minimal ad spending share
According to tech website VentureBeat, professional networking service LinkedIn's mobile strategy helped the company capitalize on its minimal ad spending share in digital ads.
Twitter changes timeline design means more revenue to advertisers?
Twitter recently changed its design to give users a more direct experience. Twitter Inc has tweaked its design last Tuesday, Oct. 29, to provide its users direct image- and vide-sharing options within its timeline, according to a report from Reuters.
Letter to Putin indicates Rosneft plan to acquire 20% stake in Novorossiisk Sea Port
Rosneft Chief Executive Igor Sechin to President Vladimir Putin revealed plans of the oil company to acquire the government's 20% stake in Novorossiisk Commercial Sea Port (NCSP).
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The hiring of two new Energy Future Holdings Corp board directors was seen as timely as the power producer needed to decide on making its USD270 million interest payment before November 1.
The source said China Construction Bank Corp's acquisition of BicBanco would be the easiest step in securing a license to expand in Brazil.
Sources told Bloomberg that hedge funds were asking the consumer bureau to investigate World Acceptance Corp.
Sarissa Capital Management acquired a 6.22% ownership stake in biotechnology firm Ariad Pharmaceuticals.
Fund managers said they were optimistic about Twitter's upcoming debut. Institutional investors expressed confidence about the initial public offering of social media company Twitter Inc.
Sources told Bloomberg that the Blue Bird Group had begun to check investor demand for its planned USD 450 million IPO.
Ally Financial wrote down a USD170 million charge for its third quarter earnings after reaching a settlement with two US housing regulators.
News Corp received a five-year revolving line of credit amounting to USD 650 million. News Corp was able to get a revolving credit line worth USD 650 million, which would be good for five years.
Sources said Blackstone would be making a bet for regional government properties in Spain after its July acquisition.
