A natural gas well exploded in the Gulf of Mexico today. A total of 44 workers were evacuated after a natural gas rig exploded in the Gulf of Mexico today.
Sectors
CBA plans to exit real estate business
The Commonwealth Bank of Australia announced plans to exit the real estate business. Commonwealth Bank of Australia (CBA) said that they are in the process of seeking an avenue to leave its property management business.
Long Ridge Equity Partners invests in BlueTarp Financial
BlueTarp Financial has secured additional $15 million funding from Long Ridge Equity Partners and existing investors.
Billabong gets $294 million loan
Billabong has secured a $294 million proprietary loan to boost their working capital. Surfwear and extreme sports clothing maker Billabong International Limited has secured a $294 million proprietary loan to boost their working capital and refinance an existing loan.
Falcon offered to buy shares from FOGA shareholders
Falcon Oil & Gas Co said that they have in the process of acquiring shares from remaining FOGA shareholders.
Latest News
Google has 25% share in the internet traffic coming from North America. Data from Deepfield, an analytics firm, indicated that Google took 25% internet traffic in North America.
‘Tiger cub’ Laffont was bullish on content but not Apple. Philippe Laffont, a hedge fund manager at Coatue Management, did not seem too optimistic when asked about his opinion of Apple.
Sonic Automotive's Q2 profits dropped because of debt retirement charges, while its sales increased.
Apple dumped AU Optronics after its failure to meet the standards of the technology giant which further resulted to Apple's negotiations with Samsung about iPad mini 2's components.
European stocks rebounded with Volvo and EasyJet as top gainers. European stocks have rebounded, with Volvo and EasyJet leading the top gainers. The world's largest truckmaker, Volvo, posted a gain of 3.
Selway Capital Acquisition Corporation said that they have entered a US$5 million loan and security agreement with Partners for Growth III L.P.
Kobie Fuller joins the investment team at Accel Partners as Principal. Internet executive and Harvard University graduate Kobie Fuller has joined Accel Partners as a Principal.
Cisco said that they will pay US$2.7 billion to buy back Sourcefire. Cisco Systems Inc. announced that they have agreed to buy back the cyber security firm Sourcefire for US$2.
Adobe Systems Incorporated has acquired Neolane for $600 million. Adobe Systems Incorporated has completely acquired Paris-based Neolane for $600 million.
