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.
Investors
ProAssurance Corp acquires Eastern Insurance Holdings for USD 205 million
ProAssurance Corp announced that it would be buying Eastern Insurance Holdings for USD 205 million. Alabama-based risk management company ProAssurance Corp said it would be purchasing Eastern Insurance Holdings.
NY Fed Reserve head defends retention of bond purchasing policy
The New York Federal Reserve Bank retains bond purchasing policy. The head of New York's Federal Reserve Bank said last Tuesday it would remain possible for the Federal Reserve would trim its bond purchases before the year's end.
Demand for BTP bonds still remain high
Buoni del Tesoro Poliennali is the local name for bonds in Italy, which are still in demand. Local savers for the special BTP Italia sovereign bond continue to demand for the bond, showing appetite remains high and robust.
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.
Latest News
With what had been called the best iPhone launch ever, the finances of the company have been revised.
San Miguel Corp. President Ramon Ang said on Tuesday that it had been in talks with JG Summit Holdings Inc to sell a part of a stake it owns in Manila Electric Co.
Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
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.
