Prudential Plc agreed to sell its PCA Life Japan unit to SBI Holdings Inc. for US$85 million. UK's largest insurer by market value, Prudential Plc, decided to sell its life insurance firm in Japan.
Sectors
iPhone 5 slays Galaxy S4 in sales
According to recent figures, the iPhone 5 won over its rival Samsung Galaxy S4 in total sales. With news of the impending release of the iPhone 6, its predecessor recently posted a figure which declared the winner of the Samsung vs Apple sales war last month.
iPhone 5 and Galaxy S4 sales dominate smartphone industry
According to a research, almost all profits earned by the smartphone industry were from Apple and Samsung.
Twinkies make an epic comeback
After an eight-month long hiatus, Twinkies were available again for consumers. After being absent in shelves for almost eight months, Twinkies made a comeback.
GSK's 20% China growth sales in focus as police alleges bribes and sexual favors
GlaxoSmithKline Plc's 20% increase in sales was currently in focus due to Public Security Ministry's accusations on bribery and sexual favors.
Latest News
NASCAR said that it will simplify its rules and focus in technology. A restructuring of the competition structure was disclosed by NASCAR today, focusing on innovation, transparency, and efficiency.
Cipla acquired Cipla Medpro South Africa. Cipla Medpro South Africa was delisted from the Johannesburg Stock Exchange as of July 16, 2013. This was after Cipla completed its acquisition of the company for US$512 million.
Rumors of bidding war for Invensys abound. Rumors of a possible bidding war for the acquisition of Invensys Operations Management abound. This followed the announcement of Schneider Electric of its bid of about US$5 billion for Invensys.
Source BioScience was reported to place an offer for Vindon. The board of Vindon has confirmed that talks with the board of Source BioScience are at an advanced stage.
Opus Bank gears up for the expansion of its Income Property Banking division with the creation of Commercial Real Estate Banking division.
AT&T's acquisition of Leap puts pressure on smaller rivals to make mergers and purchases of their own.
PacTrust Bancorp's merger is “unique to Southern California,” according to Robert Franko, PacTrust Bank President and CEO.
According to Experian, telecom M&A are doing well in the UK. According to Experian, there was an increase in mergers and acquisitions for the telecoms section in the United Kingdom.
The South African mobile operator gets more than US $570 million in equity and loans. South Africa's Cell C announced that it will be given a cash injection amounting to US $350 million from Oger Telecom, its major shareholder.
