Camelot nears privatization by raising its buyout offer

The management of software outsourcing company Camelot Information Systems raised its buyout offer to USD98.2 million.


JPMorgan to pay USD389 million in penalties

JP Morgan Chase & Co. was mandated to pay USD389 million in penalties and restitution after the bank was alleged in unfairly charging its customers for credit monitoring programs.

Samsung's Cheil to sell fashion unit

Chiel Industries Inc., a unit of Samsung Group, announced to sell its fashion business and focus more on electronics materials.

BlackBerry's BB10 sales fail in India

The sales of BlackBerry BB10 devices in India dropped to more than half so far this year, said a report from The Economic Times.


Latest News

According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.
Brooklyn Brewery would open a brewery in Stockholm in collaboration with Carlsberg A/S, D. Carnegie & Co. and a few private investors.
AirAsia India investor Arun Bhatia said he would question the Tata-Singapore Airlines joint venture after claiming he and AirAsia head Tony Fernandes were not informed about the transaction.
Hong Kong's Wing Hang Bank Ltd. and Chong Hing Bank Ltd. might go on sale after valuations approached levels that were last seen during the 2008 global financial crisis.
Wang Jianlin announced his biggest single investment in the movie and television industry valued USD8.17 billion.
An official from the Czech mining group New World Resources said on Sunday the company would close a deal to put its coking plant on sale by year's end.
In an agreement with United Development Company, Qatar National Bank entered a credit loan facility to purchase units at The Pearl-Qatar.
R Hotel's investment plan is to expand its hotel line from three to six with an AED1.5 billion investment.
Germany based ThyssenKrupp denied a Focus report regarding a potential sale of its automotive unit. ThyssenKrupp is a German steelmaker based in Essen, Germany.
PE firm JC Flowers had expressed its interest in Lloyds' TSB unit according to a Sunday Telegraph report without citing sources.
Real Time Analytics