GMR sells 74% stake in Ulundurpet Expressways

On Wednesday, GMR Infrastructure announced it had sold its stake in its highway construction unit to India Infrastructure valued INR222 million.


Apple releases iOS 7-Ready iTunes 11.1

Apple had just released the iOS7 ready iTunes 11.1 which brought iTunes Radio to its desktop music software according to a techcrunch.com report.

Apple announces new iPhones release on September 20 in China

Apple Inc. announced that the new set of iPhones would be released in the country on the same day as Europe, US and Japan.

East West Bancorp and MetroCorp Bancshares announce merger agreement

East West Bancorp and MetroCorp Bancshares Inc. announced today the signing of a definitive agreement for the merger of MetroCorp into East West.


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The case against SAC Capital and Michael Steinberg was bolstered with the testimony of former analyst Ron Dennis as an uncharged co-conspirator.
The Hutchins Family Foundation is donating USD15 million for the establishment of the Hutchins Center for African and African American Research.
According to ThyssenKrupp CFP Guido Kerkhoff, there are still plans to sell off its Americas units, under certain conditions.
On Wednesday, Hilton Worldwide said it would start marketing a high yield bond valued USD3.25 billion on Thursday as a part of the company's refinancing ahead of its IPO.
Retrophin announced today that it had made another proposal to acquire all Transcept Pharmaceuticals Inc. shares of common stock valued USD4 per share in cash.
Today, Roadrunner Transportation Systems announced its acquisition of YES Trans Inc. valued approximately USD1.2 million in cash.
After the announced stake sale last Tuesday, Varde Management and Deutsche Bank had raised GBP108.6 million from the sale
On Wednesday, Vale SA said it had planned to sell control of VLI SA to Brookfield Asset Management Inc, Mitsui Co and FGTS valued BRL4 billion.
The tripartite auto manufacture promises to corner 40% combined share of the Russian market. The partnership between Renault SA and Nissan Motor Corp had resulted in the creation of a parts procurment venture with Russia's largest automaker, OAO AvtoVAZ, This is one cost cutting measure as all three are seeking to expand their markets through a three way tie-up.
One of the tallest towers in the London business district would be sold off as its ownership group are at odds over a loan contracted for the property.
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