With no new gadgets seen to fuel growth, the global technology market is poised for a slight drop in 2014, according to estimates from the Consumer Electronics Association, the Financial Times reported.
Investors
Nestle sells US pasta maker Joseph's Pasta to Brynwood Partners
World food giant Nestle has sold its US frozen pasta business Joseph's Pasta Co. to private equity firm Brynwood Partners VII. Nestle acquired the Haverhill, Massachusetts pasta marker in 2006.
US firm GE's health care unit to purchase Thermo Fisher businesses for $1.06B
The healthcare unit of Connecticut-based conglomerate General Electric Co (GE) agreed to acquire several life-science assets from Pennsylvania-based laboratory firm Thermo Fisher Scientific Inc in a deal that totals $1.06 billion.
Apollo-backed EP Energy to raise $1.08B in New York IPO
Oil and gas company EP Energy Corp., controlled by private equity firm Apollo Global Management, expects to raise $1.08 billion in its initial public offering in New York. EP Energy will sell 40 million Class A common stocks priced at $23-$27 apiece.
Microsoft purchases Parature in $100M deal- sources
Sources knowledgeable about matter told TechCrunch that Microsoft has bought customer service SaaS provider Parature for $100 million in order boost the knowledge base of its CRM platform.
Latest News
The flow of money across the worldwide financial system is still the same as that a decade ago, raising questions about the pace of economic recovery years after the financial crisis, the Financial Times reported.
New York-based analytics software solutions provider Verint Systems plans to acquire Silicon Valley-based customer service solutions developer KANA Software in a deal valued at $514 million.
Launch Angels, a Boston-based investment platform focused on equity crowdfunding, closed its first venture fund called Where Angels Fund with nearly $1 million. Associates from Where Inc were the investors in the fund.
Singapore-based fund New Asia Investments invested an undisclosed amount to complete a new waste water treatment facility in Vietnam through its portfolio holding, GD Wasser.
Citing a copy it obtained of Document 107, Reuters reported that the State Council of China has published guidelines that aim to fortify regulation against the risky practice of shadow banking.
Sharp Corp President Kozo Takahashi said the Japanese company intends to sell plants and stock holdings as it extends the reforms it had started in 2013, Bloomberg reported.
Unilazer Ventures invested an undisclosed amount in Mumbai, India-based grocery e-tailer EkStop.com and has taken a 25% stake in the firm as part of the investment which will be used for the company's expansion.
The government of Taiwan said no to American firm Robocoin's installation of Bitcoin ATMs in the country because it believes Bitcoins are not real currencies, according to a government officer.
Spain's Telefonica said it was not thinking of making a joint bid for TIM Brasil, the Brazil-based wireless network operator of Telecom Italia, Reuters reported.
