Europe

Japan's Toshiba Corp to acquire 60pct of NuGen

Toshiba Corp, an engineering firm based in Japan, announced that it would be acquiring a 60% stake in NuGeneration Ltd, the nuclear joint venture of GFD Suez and Iberdrola, Bloomberg reported.


Forbes attracts Germany's Axel Springer and other bidders -report

New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.

Johnston Press names Jeff Moriarty as Chief Digital and Product Officer

Johnston Press, a leading multimedia publisher in the UK and Ireland, has named Boston.com General Manager Jeff Moriarty as its Chief Digital and Product Officer.

Russia's Sistema mulls buying stake in Lattelecom

Russia-based holding company AFK Sistema is considering buying a stake in Latvia-based telecommunications operator Lattelecom SIA to facilitate its expansion outside of Russia, but no decision has been made yet.


Latest News

The value of the Bitcoin has soared in recent months, but can the technology also help make predictions? A research team from a venture capital firm lists top 10 predictions for the digital currency in 2014.
In a move that will pave the way for the creation of more jobs and encourage more investment in the UK, Prime Minister David Cameron will be giving councils that allow shale gas developments to continue, Bloomberg reported.
UK oil engineering company Amec Plc has agreed to buy Foster Wheeler for $3.2 billion, paving the way for Amec to expand operations overseas, Bloomberg reported.
In a $47 million deal, Paris-based oil firm Total will be acquiring a 40% stake in licenses held by Dart Energy for two exploration areas in the eastern portion of England, Bloomberg reported.
Swiss insurer ACE Ltd agreed to buy a 60.9% stake in Thai insurance firm Siam Commercial Samaggi Insurance in a $185 million deal as it joins other insurance in making its presence felt in Southeast Asian insurance markets, Reuters reported.
Tech giants Microsoft and Samsung are in talks to acquire stakes in a France-based online music startup and a video-sharing website, according to a report by French weekly Le Journal du Dimanche.
Sports Direct, the biggest sporting goods seller in the UK, picked up a 4.6% stake in London-based multinational retail chain Debenhams for an undisclosed sum.
UBS AG Chief Executive Officer Sergio Ermotti belied rumors that the biggest lender in Switzerland will be spinning off its investment banking business, Bloomberg reported.
UK-based institutional currency investment manager Millennium Global Holdings Inc acquired a 51% stake in Philippine-based seafood exports business Millennium Ocean Star Corp in a deal valued at PHP137.91 million.
Sanofi will be purchasing a 12% stake in Alnylam Pharmaceuticals as well as access to the drugs it has developed for rare diseases, Bloomberg reported.
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