Elster acquisition boosts revenues of Melrose Industries

The purchase of Elster helped Melrose Industries increase its revenues for the first half of this year.


Nintendo offers new low price console and cuts Wii U price to compete with Sony, Microsoft

Nintendo announced on Wednesday that the company will give a USD50 discount on its high-priced Wii U consoles and would be offering a new low-priced console.

Qantas reports profit despite international loss

Despite a beleaguered international division, Qantas Airways posted an annual profit of AUD5 million.

Advanced Semiconductor Engineering Inc to gather USD 400 million through convertible bond sale

Taiwan-based Advanced Semiconductor Engineering Inc would be selling convertible bonds to raise USD 400 million.


Latest News

Barclays hired investment bankers Paul Knight and Michael Rawlinson to lead its global metals and mining team.
Blackrock Inc victorious in court battle as U.S. district judge dismisses compensation lawsuit. A U. S. judge dismissed a lawsuit filed against BlackRock claiming it looted securities-lending revenues from iShares exchange-traded funds investors.
Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup. Former board member Bill Ackman is officially through with the retailer.
US government widened probe into JPMorgan's hiring practices to include countries across Asia. An investigation into JPMorgan's hiring practices in China uncovered evidence that links hires to specific deals.
Capital One hires former bankers to spearhead the credit card company's expansion into the energy business.
Blackstone finalized a settlement with its investors over alleged misrepresentations during its IPO.
Verizon is now in discussion with banks to fund the USD130 billion buyout offer for Vodafone's 45% shareholdings.
Global firms had eyed on agrochemical manufacturers as agrochemical patents in India would expire by 2020.
Aircel Ltd announced refinancing its existing debt through a tie up of nearly INR8 billion loans. Aircel Ltd. is a privately held telecom operator. The company had announced seeking nearly INR8 billion in loans with IDFC and Credit Suisse.
ShopPad announced today that it had received a total of USD500k in seed funding from angel investors.
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