The deal that BlackBerry has made with Foxconn Group to outsource the making of its handsets is a sign that the smartphone company is evolving into a services firm, Bloomberg reported.
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Canadian gold miner Claude sells Madsen Gold Project to Laurentian Goldfields for a combination of cash and equity
Claude Resources has agreed to sell its Madsen Gold Project to Laurentian Goldfields for about C$9 million in cash. Claude will also receive shares representing 19.9% shares outstanding in Laurentian as part of the deal.
Hong Kong court orders US hedge fund Tiger Asia to pay investors $5.8M after admitting insider trading
Tiger Asia Management, which has admitted guilt of insider trading, was ordered by a Hong Kong court on Friday to pay $5.8 million to some 1,800 local and overseas investors. No charges have been filed against the US-based hedge fund in Hong Kong.
Is it the end of Bitcoin's venture funding run?
As the hype about the Bitcoin dies, a PCWorld report asks if the well for venture funding for the digital currency has come to an end.
Customer lawsuits, social media ire, state attorneys general probes target Target Corp due to data breach
After a cyber attack of its systems, Target Corp now has to deal with angry customers venting on social media, customer lawsuits and probes from state attorneys general, the Los Angeles Times reported.
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Retrofit, a fitness company whose clients include Google, Salesforce.com and American Medical Association, has raised $5 million in a Series B funding round lead by Cambia Health Solutions.
Owners of Forbes Media is reportedly seeking $400 million to $500 million in its sale. However, sources value the Forbes magazine and Forbes.com publisher at $200 million given its EBITDA of $20 million last year.
Retailers are going to be ramping up efforts to lure buyers on the final weekend leading up to Christmas but shoppers intend to spend less, Reuters reported.
Vale, the world's leading producer of iron ore, agreed to enter into a joint venture with power company Cemig to run six hydroelectric power plants. Vale also halved its 9% stake in Norte Energia, which builds a hydroelectric dam in Amazon, Brazil
The corporate buses of Apple Inc and Google Inc were delayed from their morning commute due to protesters in San Francisco and Oakland blocking them, Reuters reported.
Shareholders of Telecom Italia on Friday thwarted by a slim majority a proposal by rebel investor Marco Fossati to oust its board. Fossati, the third-largest shareholder in Telecom Italia, may consider pursuing a legal challenge.
A survey from Jana, a mobile platform that connects brands with consumers in the emerging markets, revealed that a good number of respondents from Asian countries know about the Bitcoin.
Air France-KLM has put its regional airline CityJet on the block after posting a loss of €209 million last year. It had received on Friday a firm offer from Germany's Intro Aviation to buy the struggling Dublin-based airline.
Investigators think that overseas hackers were responsible for the cyber attack that compromised 40 million payment cards of Target Corp, a US retailer, Reuters reported.
