Siemens admitted it did not have the capacity to produce 600 carriages that resulted to its withdrawal on the bidding war.
Sectors
ChemistDirect Gets More Funding
ChemistDirect obtains more funding totalling US$10 million. The leading online health service, ChemistDirect, had secured new investments totalling US$10 million.
Dell Shareholders Seeking Plan B
Dell's share values fell 3% as investors become more skeptical as to the financing of the Dell-Silver Lake offer.
Nokia's Credit Rating Further Downgraded, Buying Siemens Shares Discouraged
Nokia's Standard & Poor's rating plummeted further in the junk territory. (Photo : reuters. com)Nokia, Finnish Telecom company SGV claims that Nokia is in no position to buy Siemens shares.
Amarc Can Increase Controlling Interest in JV, Says JV Amendment
Accoriding to an ammendment, Amarc can increase controlling interest in the joint venture. An amendment to the ZNT and Galaxie joint venture was announced by Amarc Resources Ltd.
Latest News
RBC Global Asset Management Inc.'s sales of funds increase in June. RBC Global Asset Management Inc. announced on Friday that June net sales were Can$318 million, comprising of Can$268 million for long-term funds and Can$50 million for money market funds.
Veolia Environment anticipated to earn Eur5 billion from the rich and rapidly growing hydrocarbon industry.
Fiat SpA and PSA Peugeot Citroen came to an agreement that would allow them to make new delivery vans in Italy.
Dennis Wilson, the Chairman of Lululemon Athletic is planning to offer 3.4 million shares of the company, reducing his control over the yogawear retailer by 3% as a result.
Loblaw, Canada's biggest food retailer raised about Can$400 million for its real estate investment trust in an initial public offering.
China appointed Ding Xuedong as the new head of the country's sovereign wealth fund. Ding Xuedong was appointed as head of China's sovereign wealth fund.
Billionaire Eike Batista halted operations in iron-ore mine Corumba to save his empire’s commodities.
Conergy filed for insolvency after failing to get a deal with an investor who would finance its debts and operations.
Mark Mobius, CEO of Templeton Emerging Markets Group said that he has considered tapping growth in African emerging markets through private equity investments.
