China's central bank announced interest rate reform. The central bank of China, the People's Bank of China (PBOC), announced that the floor on commercial banks' lending rates was removed.
Investors
NeoStem announces IPO pricing
NeoStem Inc announced the pricing of US$16,500,000 IPO. NeoStem, Inc. announced the pricing of their underwritten public offering for 13,750,000 units priced at US$1.
Sheik's stake in Barclays sold
Sheik Mansour's stake in Barclays was sold last month. Sheik Mansour bin Zayed al-Nahyan of Abu Dhabi sold his shares in Barclays. In a regulatory filing last month, the bank said that the Sheik's investment vehicle, PCP Gulf Invest 3, sold its 758.
Samuelsohn acquires Hickey Freeman license and factory
Grano Retail Holdings, owner of the menswear brand Samuelsohn, announced that they have acquired assets of Hickey Freeman.
RTI Biologics acquires Pharos Capital's stake in Pioneer
RTI Biologics acquired Pharos Capital's stake in Pioneer Surgical Technology Inc. in the amount of US $ 130 million.
Latest News
Bill Foley acquired the majority stake in Touring & Tasting Marketing & Media. Bill Foley announced Friday his acquisition of a controlling stake in Touring & Tasting Marketing and Media.
Advertising changes lowered target price on Google stocks. Google made changes to its advertising system in the hope that this would increase the revenue coming in from mobile users.
Qihoo 360 is in the early stage of negotiations to purchase Sogou, Sohu.com’s search engine. Beijing-based Qihoo 360 Technology Co. is in the early stage of negotiations to purchase Sohu.
The fertilizer industry was booming and “risks can be handled”, said local officials. Argus FMB North American Fertilizer, a trade publication, tracked around 20 proposals for fertilizer projects in North America in the past two years, according to the publication's editor, Lauren Williamson.
American Homes 4 Rent announced that they are expecting to raise US$793 million from the public offering of their common shares.
According to RealtyTrac, home flipping was profitable but tapering off in markets with distressed bargains.
Two unusual sector start-ups drew the interest of venture capitalists during the second quarter. New England venture capitalist invested in home building and telecommunications during the second quarter.
A PricewaterhouseCoopers report revealed that venture capitalist invested around US$320 million into Maryland last quarter.
Cleveland BioLabs and other biotech firms have stated their desire to move their development operations to Russia.
