Power Assets Holdings would be exiting its units in its Hong Kong electricity business for USD 5 billion, according to sources.
Investors
Beats gets USD500 million support from Carlyle
Beats Electronics on Friday said it had received an investment from the Carlyle Group worth USD500 million.
Inotek Pharma raises USD 21 million financing for glaucoma treatment
Existing investors gave USD 21 million equity and debt financing to Inotek Pharmaceuticals. Inotek Pharmaceuticals Corp received USD 21 million in equity and debt financing from various private equity firms.
Last quarter sales take a nosedive as Blackberry continues privatization plan
BlackBerry sales continued to plunge even as the company seeks a USD 4.7 billion privatization deal.
Startup MakeSpace gets USD 1.3 million from private equity firms
New York City startup MakeSpace launched with USD 1.3 million in venture funding. New York-based MakeSpace received USD 1. 3 million in private equity funding to launch its storage-on-demand enterprise.
Latest News
HTC Corp would be selling 24.84% of its stake in Beats Electronics for USD 265 million. Taiwan-based smartphone maker HTC Corp would be selling back the 24.
Safetica Technologies launched the its data loss protection program in the Philippines. Safetica Technologies had introduced its flagship data loss protection (DLP) software in the Philippines.
Analysts said Rockwood Holdings Inc had poised itself to be an attractive takeover target as it had sold USD4 billion of its businesses this year.
The Fed Reserve's turnaround on tapering had opened better loan prospects for banks in India. IndusInd Bank is India's fourth largest private sector lender.
In a joint statement, Panasonic Healthcare Co would be sold to KKR & Co for JPY165 billion. According to a joint statement, a wholly owned subsidiary of KKR & Co would be buying the healthcare business of Panasonic Corp in a deal worth JPY165 billion.
In a seemingly peculiar move, JC Penney Co announced yesterday that it would be selling 84 million of its shares to generate cash after saying that the company was liquid enough by the end of its fiscal year.
The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.
A major retail chain in New Zealand was the subject of a phishing attack from overseas criminals. A major retail chain in New Zealand was targeted by cyber criminals operating overseas.
A letter given by NSA Inspector General George Ellard to Senator Charles E. Grassley confirmed that some NSA employees used the agency's signals intelligence powers to spy on their romantic interests.
