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.
Investors
DigitalOcean's new Amsterdam data center signals European expansion, eyes Singapore as its next target
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.
Skyphrase consolidates with Yahoo in acquisition deal
Tech news site TechCrunch believes that Yahoo Inc's acquisition of natural language processing technology builder SkyPhrase is to improve its content delivery to its mobile audience.
Forest Labs to buy schizophrenia drug, cut costs
Forest Laboratories Inc, which is facing patent expirations on several of its biggest drugs, on Monday said it plans to buy rights to a new schizophrenia treatment from Merck & Co and cut annual operating costs by $500 million in fiscal 2016.
Wipro of India enters acquisition deal of Opus Capital Markets for USD75 million
Wipro Ltd announced today in a statement that it is set to acquire Opus Capital Markets Consultants LLC, a US-based mortgage services provider in order to expand its offerings to its financial services clients.
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Stem Inc. today announced the closing of a $15 million Series B financing round. Iberdrola, GE Ventures joined Series A investor Angeleno Group in committing financing for the round.
Exceed Company Ltd, one of the leading domestic sportswear brands in China, today announced that it has entered into a definitive Agreement and Plan of Merger with Pan Long Company Limited
TransDigm Group Incorporated and Metalmark Capital announced today that TransDigm has entered into a definitive agreement to acquire Airborne Systems Inc., for approximately $250 million in cash. Airborne Systems is owned by MetalmarkCapital.
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.
Data gathered by the US Federal Reserve showed a decline of over USD80 billion in nanks' holdings in federal agency bonds and Treasuries, marking its first annual decline since 2007.
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.
US-based Akamai Technologies on Monday announced that it will acquire the world's largest and most trusted cyber security provider Prolexic Technologies for USD370 million. The deal is expected to close in spring of next year.
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.
