Alongside its iPhone app launch, Sportslobster receives another USD1 million. Sportslobster. com, the sports social network, had announced the receipt of a further USD1 million funding alongside its September 2013 iPhone app launch.
Europe
EU agency to manage weak banks and deep debts to be set up post-German elections
The Bank Recovery and Resolution Directive for all EU members to recognize the Single Resolution Mechanism would be created after the German elections.
Grohe gets bids from peers- sources
Sources told Reuters that Grohe got final offers for Geberit, Lixil and Duratex. Sources told Reuters that bathroom equipment manufacturer Grohe received bids from three of its peers.
EU's policy on welfare needs fixing or UK will split- report
UK Prime Minister David Cameron said in an interview with a newspaper last September 6 that the country would be considering severing its ties with the European Union if stricter reforms were imposed on "welfare tourism".
Taxing financial deals is illegal- EU lawyers
Lawyers of the European Union said the proposed transaction tax plan was illegal. European Union lawyers said the transaction tax plan proposed by eleven European member states was illegal.
Latest News
Russian tycoon Suleiman Kerimov had been planning to sell 21.75% stake in Uralkali, held through his foundation, said reports.
Analysts said Sanofi could buy back its L'Oreal shares with cheap debt to boost earnings. Sanofi Aventis' Chief Executive Officer said on Friday that repurchasing L'Oreal's 9% stake in the drugmaker might make sense.
KKR, the buyout firm, sold off its 11% shareholdings in Danish telecommunications firm TDC to institutional investors.
Warner Bros announced today that it would be releasing a film series based on Harry Potter character Newt Scamander and will have its creator and author JK Rowling as the film's screenwriter.
ECI Partners announced the sale of its portfolio company Ascribe to MIS Group for GBP 57.5 million. ECI Partners sold IT software supplier company Ascribe to MIS Group for GBP 57.
Antitrust regulators in the European Union would review M&A deals to gauge their effects on local markets.
Qatari telecommunications firm Ooredoo would be one of the major sponsors for the Paris-St.Germain football team in the 2012/2013 French Ligue 1.
Austrian insurer Uniqa said it would selling its private equity fund portfolio worth EUR 400 million to various investors.
Fiat SpA chief executive officer Sergio Marchionne told reportersthat the merger between Italian automaker Fiat SpA and US automaker Chrysler Group LLC might be delayed because of a disagreement over the valuation of shares a retiree trust holds in Chrysler.
