Johnson Controls Inc. on Wednesday announced that it would increase its share repurchase program by USD3 billion. The company also said that it would increase its quarterly dividend to USD22 per common share.
Investors
Dexus Property Group says no to GPT Group's offer for office trust
Dexus Property Group said it will not accept the the AUD 1.27 a share offer from the GPT Group for the Commonwealth Property Office Fund of the Commonwealth Bank of Australia.
Live online school Colingo secures USD2.4 million in seed funding
California-based live online English school Colingo raised USD2.4 million in a seed funding round led by Atlas Ventures, according to the company's founder, Ben Lowenstein.
Metro AG looking to float Cash & Carry Russia by spring next year
Germany's Metro AG was reportedly considering to float its 25% stake in Cash & Carry Russia by the end of the first quarter or start of the second quarter of 2014. The initial public offering would take place in London and Moscow.
Gaw Capital buys London property for Korean investors
Hong Kong-based private equity firm Gaw Capital Partners acquired Waterside House, a 237,800-square foot commercial property located in London, on behalf of Korean institutional investors.
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Women-led venture capital firm Illuminate Ventures closed USD20 million as its first fund to invest in cloud data, big data, analytics, software-as-a-service, and enterprise mobility startups in North America.
Subtraction Capital, FF Angel, 500 Startups and other investors supported CapLinked, a cloud-based platform for business, with a USD 1 million investment in its expansion round.
Cloud storage provider Box, a rival of Dropbox, is raising USD100 million in new funding through a share sale that would value the company at around USD2 billion.
Liquified petroleum gas transporter and distributor Navigator Holdings Ltd. raised USD228 million in its public float. Owner of the world's largest gas fleet, Navigator sold a total of 12 million shares priced at USD19 apiece.
Thailand is ready to launch a BHT2 trillion infrastructure investment project in 2014, which could potentially boost the country's economy after a slowdown this year.
India's corporate real estate developer RMZ Corp is set to acquire the Four Seasons hotel project in Bangalore in a deal that is valued at USD100 million.
China has accounted for as much as 80% of global growth in metal demand in recent years, driven by its extensive investments in infrastructure and real estate projects.
The Philippines' state-run pension fund Government Service Insurance System (GSIS) allotted PHP2 billion of its cash for additional investments in local stocks, according to the firm's president Robert Vergara.
A Business Standard report said impact investors and social entrepreneurs in India are now concentrating their investments on the urban poor market. These social ventures have been steadily gaining ground with investors providing seed and early stage capital.
