Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
Investors
Italian government not stepping on Telecom Italia, Alitalia stake sales- source
A government source had told Reuters that Italy would not be intervening on possible takeovers in Telecom Italia and Alitalia.
Argos-eBay partner in new delivery scheme
The new system introduced by Argos and eBay would be allowing customers to pick up ordered items from eBay in Argos stores.
Microsoft form USD 79 million video game joint venture with Shanghai Media Group subsidiary
Microsoft formed a video game venture with BesTV News Media Co to take advantage of more liberal free trade rules on gaming consoles in China's free trade zones.
VIPorbit Software International receives USD 1 million in angel funds
Angel investors pledged USD 1 million in funds to VIPorbit Software International. VIPorbit Software International announced that it had gathered USD 1 million in capital commitments from angel investors.
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Practice Fusion received USD 70 million from various investors for its Series D round. Healthcare platform Practice Fusion raised USD 70 million for its Series D round.
Sources told Reuters that Chevron Corp would be getting bids by the end of September for its Nigerian oil blocks.
The new joint venture to participate in projects in the Middle East and Africa comprised of Arabtec and Samsung Engineering Co.
Private equity firm Investcorp had purchased paper products company Paper Source for an unspecified amount.
According to a report by the New York Post, two sources said that private equity firms Sycamore Partners and KKR & Co LP would be bidding for fashion retailer The Jones Group within this week.
Russia's top crude producer Rosneft has hopes that it would be earning RUB439 million or USD13.8 billion after its acquisition of Moscow-based oil company TNK-BP.
The National Credit Union Administration (NCUA) had filed complaints against Morgan Stanley and eight other financial institutions for selling faulty mortgage-backed securities.
Investors welcomed the news that Gazprom would be divesting itself of the 37% stake it holds in Lithuania's Amber Grid.
Applied Materials and Tokyo Electron signed a definitive agreement to merge and create a new firm valued at USD 29 billion.
