Japanese chipmaker Toshiba offered to acquire solid-state hard drive maker OCZ Technology Group Inc. in a planned bankruptcy proceeding. The California-based company will immediately file for bankruptcy and liquidate if the deal with Toshiba falls apart.
Investors
Deutsche Bank looks to sell Tilney to Permira
German bank Deutsche Bank AG is reportedly negotiating the sale of Tilney Investment Management to British private equity firm Permira. Permira has beaten other rival bidders for Tilney, including Brown Shipley & Co.
Bankruptcy judge approves American-US Airways merger
Bankruptcy judge Sean Lane dismissed a private effort to block the merger between US Airways and AMR Corp and gave the clearance to allow the transaction to proceed.
Growing acceptance of bitcoin propels virtual currency past USD 1000 mark
The wider acceptance of bitcoins reportedly brought its trading value at over the USD 1,000 mark on Mt. Gox, encouraging speculators to grab their share of the virtual currency.
Is Bitcoin the new gold?
Although Bitcoin and gold are driven by the same demand for alternative currencies, one fared better than the other. Wall Street Journal said investors are rushing to invest in Bitcoin as gold loses its appeal.
Latest News
23andMe Chief Executive Officer Anne Wojcicki defended her company's genetic testing product and stands by the data on the accuracy of their results after the public warning letter issued by the US Food and Drug Administration.
Golub Capital announced that it provided a USD 193 million one-loan debt facility to Los Angeles-based private equity firm Aurora Capital Group to support its National Technical Systems Inc acquisition.
Take-Two Interactive Software, Inc. entered into a Purchase Agreement with Icahn Group. On November 26, 2013, Take-Two Interactive Software, Inc. entered into a Purchase Agreement with High River Limited Partnership, Icahn Partners LP, Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP and Icahn Partners Master Fund III LP, pursuant to which the Company agreed to repurchase 12,020,744 shares of the Company's common stock owned by the Icahn Group, at a price per share of $16.
ZOOM TECHNOLOGIES INC. TO ACQUIRE BEIJING BAIFEN TONGLIAN INFORMATION & TECHNOLOGY CO., LTD. Zoom Technologies, Inc. (Nasdaq:ZOOM) is a technology holding company focused on the mobile telecommunications and technology space.
The accessibility of purchasing and selling Bitcoins via ATMs were popular, that a Robocoin Bitcoin ATM stationed in Vancouver, Canada raked in over 1,500 transactions at more than CAD1 million in 29 days.
Should an average consumer ride on the Bitcoin frenzy? An article published on the The Guardian cautions investors about the unclear nature and use of the Bitcoin, and asks them to wait unless a government-sanctioned financial system for the virtual currency is in place.
UK Business Secretary Vince Cable, with assistance from Business Minister Michael Fallon, presented evidence to the Business Committee of the British Parliament to assure the public that Royal Mail shares in the IPO was not undervalued.
A report by the Washington Post noted that Bitcoin's increasing trade value would benefit early investors like Bitcoin lead developer Gavin Andresen and the Winklevoss brothers.
Sources were cited by Bloomberg who said Damac Real Estate Development Ltd will be repricing its price per global depositary receipt at the lower end of its pricing range, effectively reducing the size of its IPO.
