The camera-producer titans find it hard to sell its product due to the increasing demand for smartphones.
Sectors
Turk Telekoms offers US$530 million for Digiturk
TMSF said that Turk Telekoms has made a US%530 million offer for DigiTurk. Turk Telekom said that they have made a US$350 million offer to buy a 53% stake in Digiturk, a Turkish digital pay-TV operator.
US Crude oil futures slip, the first in five weeks
US crude oil futures suffered its first loss in five weeks as concerns about the slowing Chinese economy continue to haunt the industry.
Samsung announces US$1 billion increase in investment
Samsung increased it investment by US$1 billion with the hope that it would compensate for the slumping smartphone growth.
Meiji Yasuda beats private equity firms in the race to own shares of Thai Life Insurance
Meiji Yasuda Life Insurance announced that it has agreed with Thai Life to buy a 15% stake in the insurer, beating private equity firms KKR & Co, CVC Capital Partners, and Carlyle Group LP to the deal.
Latest News
Analysts said that Apple is well-equipped with advantages that would keep it from BlackBerry's fate.
Adenium Capital and its venture partner ForVEI announced that it had acquired a 24 megawatt solar facility in Italy.
Canon dimmed its profits and sales outlook as smartphone titans present gadgets that could capture high-quality photos.
A portfolio company of GMH Ventures, Dynamic Healthcare Services, announced that it had won bids to supply oxygen services to patients at Huntington-Ashland and Northern New Jersey Metro.
Great Atlantic & Pacific Tea Co. announced in an internal memo that it could be selling the company to another supermarket operator or a private equity firm.
An IVC Research Center report reveals a dip in Israeli investments and KKR's influence in private equity in the country.
Analysts believed that Apple's budget iPhone or iPhone Lite would threaten the company's bottom line.
Aflac Incorporated announced that Aflac Japan and Japan Post Holdings entered into a new partnership agreement.
Activision Blizzard along with a group led by its CEO, announced that they are set to buy back Vivendi's controlling stake in the company for US$8.17 billion
