A second data center in Amsterdam was launched by software Design Description (SDD)-only web hosting and cloud infrastructure provider DigitalOcean as part of its strategy to meet customer demand in cloud services.
Europe
India approves Swedish retailer H&M's USD115 million investment
India's Foreign Investment Promotion Board has given the green light to Hennes & Mauritz's (H&M) INR7.2 billion (USD115 million) investment. The Swedish retail-clothing company looks to open 50 stores in India.
Executives bid to takeover Kering's La Redoute in France
La Redoute chief executive Nathalie Balla and Redcats finance chief Eric Courteille have reportedly made a joint bid to acquire Kering's loss making mail order business La Redoute.
ThyssenKrupp to raise EUR907 million in capital increase following Alabama plant exit
German industrial conglomerate ThyssenKrupp AG reportedly plans to put up for sale its 51.5 million new shares in a capital increase. The deal could bring in EUR907 million (USD1.23 billion) to the company.
Global PC market expected to stabilize in the long term -report
The International Data Corporation released its forecast for the PC market worldwide, estimating a 10.1% plunge in 2013 sales, a 3.8% contraction in 2014, and a 300-million mark on an annual basis.
Latest News
After more than two years since it filed for bankruptcy due to lack of cash and halting production, Swedish car automaker Saab AB via its parent company National Electric Vehicle Sweden (NEV) AB started making cars today.
Unilever attributes its declining sales to the slowdown in emerging markets, and Chief Executive Officer Paul Polman urges countries in these markets to create structured economic policies real soon.
Norwegian bank DNB ASA through its Chief Executive Officer Rune Bjerke rejected predictions on the country's housing market, saying that the claims were unfounded.
Switzerland bank UBS AG launched its EUR1.75 billion or USD2.4 billion bond buyback program, which will be applicable to subordinate and senior unsecured bonds in several European currencies.
Stockholm-based private equity firm Cevian Capital on Monday announced its acquisition of 25 million A-shares in truck manufacturer Volvo. The purchase brought Cevian's ownership to 68.7 million A-shares and 29.8 million B-shares.
London-based private equity firm Montagu will be exiting from its Polish broadcast infrastructure firm Emitel. American investment firm Alinda Capital Partners reportedly agreed to buy Emitel in a deal that could be worth EUR840 million.
Belfast-based scientific digital camera maker Andor Technology refused the GBP166 million buyout offer from English tool manufacturer Oxford Instruments. Oxford Instruments had been negotiating the takeover deal with Andor for months now.
Klepierre exited from its four Norway shopping centers in a deal worth EUR 247 million or USD 336 million. The real estate investment trust is the second largest publicly-traded shopping mall operator in Europe.
Italian banks UniCredit, Intesa Sanpaolo SpA, Banca Monte dei Paschi di Siena SpA and BNP Paribas's BNL have agreed to sell a combined 59.3% stake in payment firm SIA.
