Israeli-based cyber security company ThetaRay bagged a substantial investment from General Electric (GE) reported to be worth "several million dollars."
Investors
India records 391 M&A deals in the first half of 2013
According to a report by Ernst & Young, 391 merger and acquisition deals with a combined value of US$15.2 billion were recorded in the first half of 2013.
Shanghai Tower nears completion
Shanghai Tower's top beam was recently installed and now the interiors are to be completed. The tallest building in the financial district of Shanghai and all of China is nearing completion.
HSBC declines in value and undertakes house cleaning
HSBC's stock falls as it advises diplomatic missions to close their accounts with their bank. HSBC had reported lower than expected earnings last Monday.
Newsweek sold to IBTimes
Newsweek, after announcing it would end its print edition, was sold to online news giant IB Times for an undisclosed amount.
Latest News
Brazos Private Equity Partners announced its partnership with Southern Tide, a growing lifestyle brand.
Lockheed Martin announced that it is developing a plan to make the upgrades of equipment that will be used by next-generation helicopters of the US Army more convenient and less expensive.
The Indian government decided to postpone its 5% divestment proposal in BHEL for the time being. Plans of the Indian government to divest in BHEL were shelved today citing the company's low share price.
Del Monte invested US$13 million in a banana plantation in Maguindanao province, according to recent reports.
South Korean retail chain Shinsegai said that it will continue to invest in the local market this year to boost local demand.
Private equity firm M/C Partners announced the completion of its sale of Baja Broadband to Telephone and Data Systems Inc in a transaction worth USD 267.5 million.
The governments of New Zealand and Taiwan created the Pan Pacific Capital Fund, a joint venture capital which is the first of its kind.
For the first time in over six years, activity in the services sector in the UK grew to its fastest pace.
Nine more banks were hired by Barclays to manage its rights offering next month worth GBP 5.8 billion or USD 8.9 billion.
