E-commerce company Linio's USD50 million new investment would go towards company expansion. According to a VentureBeat report, e-commerce company Linio received an additional USD50 million in investment.
Regions
Confie Seguros acquires two insurance brokerages
Confie Seguros acquired DeFranco Insurance Agency and Insurance Group of America. One of the fastest growing national providers of personal lines insurance, Confie Seguros, announced today its acquisition of two insurance brokerages, namely DeFranco Insurance Agency Inc of Niagara Falls, NY and Insurance Group of American Inc dba City Insurance of Palm Springs FL.
G4S to divest poor-performing units, lay off workers in bid to regain market share - report
G4S Chief Executive Ashley Almanza had launched several company restructuring moves, including a divestment of its 35 business units.
Jos A Bank Clothiers speaks up for the rejection of due diligence request
After the denial of its request for partial due diligence, Jos A Bank Clothiers speaks up and to the Men's Wearhouse board.
Acer CEO steps down, says consecutive poor financial results as reason
Acer CEO and Chairman J.T. Wang announced his resignation today amidst a better third quarter results report.
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The leather goods specialist Allen Edmonds Corp is purchased by an affiliate of Brentwood Associates.
Midatech's unique biocompatible gold-nanoparticles raised GBP10 million from investors. One of the global leaders in nanomedicine design, synthesis and manufacturing, Midatech Ltd, announced the completion of the issuance of its new equity.
According to a source, Troy Carter apparently had been busy not managing Lady Gaga's music career, causing the music artist to sever ties with her long-term manager.
Etisalat and Vivendi formalize agreement as to the sale of Maroc shareholdings from Vivendi to Etisalat.
Online wedding registry website Zola received USD3.25 million in funding led by Thrive Capital, with participation from investors including Gilt Groupe founder Kevin Ryan.
Tilal Development would used the proceeds raised in the sukuk sale for the expansion of its flagship project in Muscat, Oman.
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp expanded its existing joint venture to effective save production costs.
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
OpenText Corp, a Canadian business software maker, acquired cloud computing company GXS Group Inc to strengthen its holding in the enterprise software market.
