Packaging Corp of America's acquisition of Boise Inc would be funded by a bridge loan. A USD2 billion financing commitment was made available to Packaging Corp of America, a producer of corrugated shipping material.
Investors
Vale to sell control of VLI unit to Japanese, Canadian and Brazilian investors
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.
Ghosn leads Renault-Nissan into Russian market
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.
London edifice may be sold off
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.
LightSquared's proposed auction under fire
The proposed auction by the bankrupt LightSquared has been sought annulled by a group of lenders. The proposed format for the auction of its wireless-spectrum to be conducted by LightSquared Inc's has been deemed improper.
Latest News
The launch of Lift Labs was done recently to unveil its latest product the Liftware, which is a product that used grant money for its design and creation.
Apple Canada announced the suggest retail prices for those who would be getting the new iPhones on contract in Canada.
A report in The Australian gave Apple aficionados the lowdown on the iPhone 5C and iPhone 5S. A report in The Australian gave the lowdown on Apple's two latest models, the iPhone 5C and iPhone 5S.
Investment initiative Benu Bioventures would provide funding for the human testing stage drug trials.
The case filed by Lincolnshire Management Inc led to an arbitration award against it for its former CEO.
The iPhone 5C may be cheap but it's got glamour and class, said a review in The Independent. Apple sought to develop a more affordable iPhone for customers on a budget and the company came up with the iPhone 5C.
Sources said the Oil & Natural Gas Corp (ONGC) would be buying a 12% stake in the Brazilian oil field owned by Petroleo Brasileiro (Petrobras).
The Apple iOS 7 was a visual departure from its earlier versions, a report from The Independent said.
Kiosked said it gathered a total of USD 6.9 million in its latest funding round. Kiosked announced that it received USD 6. 9 million from private investors.
