Minnesota-based St. Jude Medical purchased California-based Nanostim Inc for a price tag of USD 123.5 million.
Investors
Cudos Capital to raise EUR150 million
The new fund of private equity firm Cudos Capital, which is co-founded by former Austrian chancellor Alfred Gusenbauer, would seek to raise EUR150 million.
Hedge funds' short sales at year-high levels amid volatile market due to US budget impasse
Investors were forced to short sell, or sell securities it does not own, due to the prolonged partial government shutdown.
South Africa economy in danger with BMW investment embargo - analysts
Analysts predicted that the Bayerische Motoren Werke (BMW) AG's move to withdraw its expansion plans in South Africa could affect the country's economy.
Police arrests over 380 people in Moscow Sunday riot
More than 380 people were arrested in a race riot that occurred Sunday in Moscow. Police authorities in Moscow apprehended more than 380 people in a race riot on Sunday.
Latest News
Baring Private Equity Asia completed its acquisition of India-based outsourcing firm Hexaware Technologies.
Philippines-based Del Monte Pacific agreed to acquire San Francisco-based Del Monte Foods Co for USD 1.68 billion.
The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.
The proposal of the Brazilian Stock Exchange to form a takeover panel has gained the support from investors and the Brazilian finance regulator.
The American retail banking unit of the Royal Bank of Scotland would be worth more if sold, according to a Wall Street banker.
Alibaba planned to transform with the Chinese retail industry by increasing online transactions to almost USD 490 billion.
US veterans had protested in Washington last Sunday in fear that their benefits might be affected if no agreement would be reached to end the partial shutdown of the government.
Europe's clean energy investment had fallen 14% after cheaper US natural gas had lured more investment, said a London-based research firm.
The Wall Street Journal reported that Netflix was in early-stage talks with US cable companies to make its streaming video service available to subscribers using their set-top boxes.
