Sony's Kazuo Hirai: His priority for the company would be consumer electronics. Chief Executive Officer of Sony Corp. Kazuo Hirai, who is currently under pressure to sell shares of the firm's entertainment division, stated that turning around the troubled consumer electronics operation is his team's greatest priority.
Investors
MSC buyout and acquisitions causes its profit to fall
MSC reported that its buyout and acquisition program caused profits to slide. MSC Industrial Direct Co. , one of the biggest public firms based on Long Island, said Wednesday its financial third-quarter net income dropped 11.
Oryx Petroleum sees growth potential in Kurdistan
Oryx Petroleum stated it wanted its Kurdistan operations expanded. Canada's youngest publicly traded oil venture company, Oryx Petroleum Corp. , is examining whether or not a property near its main Kurdistan development has identical natural reserves.
Monitronics International acquires Security Networks LLC
Monitronics International signed today a definitive agreement for the acquisition of Security Networks LLC priced at US$487.5 million in cash and newly issued shares amounting to US$20 million.
MiX Telematics announces IPO plans
MiX Telematics announced its IPO plans and wants to hit big. MiX Telematics aims to hit big in its market debut amid a hospitable atmosphere among cloud tech venture companies.
Latest News
According to analysts, the Ackman hedge fund and FedEx rumors are false. Rumors of Bill Ackman, a hedge fund operator, supposedly raising money to buy shares in FedEx were false, say analysts.
Forgame Tech Co. submitted official documents for an IPO later this year. Forgame Tech Co. , a video game production company, has presented its official initial public offering documents to Hong Kong's equity agency and plans to start the IPO later this year, said the sources, who requested not to be identified.
Nuvo Research and Paladin Labs completed their loan arrangement. Nuvo Research Inc. and Paladin Labs Inc. announced that they have completed their loan agreement.
Troy Resources announced that it would proceed with Azimuth compulsory acquisition. Troy Resources Limited announced on a press release that its interest in Azimuth Resources Limited now amounted to 93.
South Korea will decide next week whether to proceed with the auction for the supplying of 60 next generation fighter jets worth US$7.31 billion.
Kenya stated plans to introduce derivatives into its market. Following Kenya's equity trading volume decline in its stock exchange, which is also the region's largest, Kenya announced plans to introduce real estate investment trusts and derivatives, Kenya's financial-markets regulator said.
Lenovo announced that they have no plans to issue bonds Lenovo Group Ltd, announced that they have no plans to issue bonds in the near term. The decision of Lenovo is based on the global market volatility Lenovo CFO Wong Wai Ming said in a telephone intervier, "The debt market was actually in a turmoil probably a couple of weeks ago.
Tribune Co plans to dismiss its newspapers from the firm’s TV business, marking the end of news broadcasting and publishing collaboration.
Miravast Asset Management announced the closing of a US$60 million life insurance portfolio acquisition
