The Edwards Group;s purchase price was pegged at GBP1 billion for Atlas Copco. In a report from Sky News, it was revealed that the Edwards Group, which is based out of Sussex, is the subject of a GBP1 billion takeover bid.
Investors
Sales of Petrol cars increase in India
Car manufacturers increased production as rise in sales of petrol driven cars in India continue. In India, demand for petrol cars increased after a 25-month hiatus.
Japan trade affects deficit in economy
Japanese economy faced a higher deficit as overseas economies strengthens. Japan economy experienced a widening gap in its trade balance, according to a Reuters report.
PM Singh's NMCC taps firm for infrastructure
NMDC obtains infrastructure contract from Indian PM led council. The National Manufacturing Competitiveness Council, which is led by Indian Prime Minister Manmohan Singh, had awarded the task of creating the infrastructure in the completion of the first ultra mega steel plant in India to NMDC.
Su-Kam Power set to expand
Su-Kam Power Systems had agreed to expand into other businesses. Su-Kam Power Systems, an energy solutions provider, had sought the approval of its investors namely Reliance Group and Temasek Holding on expanding its solar business unit.
Latest News
Europe's equities have earned better in the past week compared to the US stocks. The mood now for investors is upbeat as it searches for a rebound from the previous week's drubbing on Wall Street and the Dow Jones average.
A number of Americans filing jobless claims fell to a near six-year low last week following the increase in consumer prices last July.
The Philippine Commission on Audit asked the Department of Budget and Management to issue guidelines for the release of public funds for different local projects.
Bahrain based Investcorp announced the sale of Skrill to CVC Capital Partners in a deal priced at USD79 million.
The leading Hungarian tour company, Best Reisen Ltd announced bankruptcy after big losses on its Egypt and Tunisia tour packages.
It has been a week after Amazon founder Jeff Bezos announced acquisition of Washington Post, a deal said to be the convergence of old and new media.
Former press mogul Conrad Black was barred from directorships by the US Securities and Exchange Commission and ordered him to pay USD4 million to Chicago Newspaper Liquidation Corp.
The Bank of England's record low interest rates were doubted after an unexpected dissent from its policymaker and its robust jobs data.
Gap and Urban Outfitters showed top earnings in retail apparel. Top 2 apparel retail companies are set to report earnings as the back-to-school season starts next week.
