Three bidders in a race to purchase Hulu Hulu attracted three bids worth over US$1 billion from interested companies. The bidders include the partnership of AT&T and Cherin Group.
Industry
Indian investment atmosphere gloomy - Assocham
Assocham said that investments have dropped in India in a report released today. Assocham, one of India's associations of chambers of industry and commerce reported today that direct investments in the country are looking at a bleak future.
Greenham Buys Shares In Solarvest
Gerri Greenham announced that he acquired shares in Solarvest Gerri Greenham announced that they have acquired shares in Solarvest BioEnergy Inc. The transaction was made to a pursuant of a private placement at US$.
OGX To Sell Oil License Stakes
OGX in talks to sell its oil license stakes to avoid running out of cash OGX Petroleo & Gas Participacoes (OGXP3) in talks regarding sale of stakes in crude oil block licenses that owned by OGX.
NSW State Aims To Sell Heritage Buildings
The NSW state government expressed their intent to sell heritage building in Sydney New South Wales state government expressed their intent to sell two of Sydney's most significant heritage buildings as it enters the second round of property sales.
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Nissan has completed its plans to revive the Datsun, whose operations previously ended in the 1970's.
Greece got cash lifeline funded by the euro zone and the International Monetary Fund which spared the country from incurring debt default by August.
Alcoa Inc. reported better-than-expected performance this season. Alcoa Inc. , the largest aluminum producer in the US, reported earnings that surpassed financial analysts' estimates after its unit that provides essential components to power and aerospace companies had a better-than-expected performance.
Leading cloud computing solutions acquires company known for identity and access management. EMC Corp. announced the acquisition of Aveksa Inc. , one of the leading companies in identity and access management (IAM) for businesses.
The oil and gas company released convertible notes worth US $1.905 million to fund project in South Australia.
LVMH takes over majority of Loro Piana for US $2.57 billion LVMH Moet Hennessy Louis Vuitton agreed to buy 80% of Loro Piana SpA, one of the premier textile producers in Italy, for US $2.
The company, more popularly known for its sewing machines, aims to rake in as much as US$200M from IPO.
Osram Licht AG's shares dropped by 2.4% and settles at Eur 23.65 on Monday Osram Licht AG, a German lighting and specialty lighting manufacturer second only to Philips, saw a drop in its shares by 2.
In a conference held today, the IEA said that they need US$300 billion to finance the Power Africa project.
