Baidu has acquired PPS Net TV as reported by China Business News. The largest search engine of China, Baidu Inc is now processing the acquisition of PPS Net TV, a Chinese online video company.
Sectors
IHSI Now Traded on OTC Bulletin Board
IHSI shares are now publicly traded in OTC Bulletin Board. The board of Intelligent Highway Solutions Inc has announced that shares of stock under the ticker symbol IHSI has been traded publicly in the OTC Bulletin Board.
Kawasaki Heavy Industries Accepts Merger Option
Kawasaki Heavy Industries is open for merger option but has not made formal moves despite report from Nikkei newspaper.
Ramky Enviro IPO Suspended Citing Tepid Market Conditions
In a surprising move, Ramky Enviro has suspended the scheduled IPO citing 'tepid market conditions.'
Potash Corp Withdraws Offer for Israeli Chemicals
Potash Corp of Sasketchewan has formally withdrawn its takeover bid over Israel Chemicals. The Potash Corp of Saskatchewan Inc has cancelled a proposed takeover bid for Israel Chemicals Ltd after criticism of the deal was made by workers and politicians alike.
Latest News
Arseus acquires Freedom Pharma to create a global niche for drug compounding. Arseus, in an announcement, made public its acquisition of Freedom Pharmaceuticals.
The neighbors at the Formosa Strait are now in agreement as to oil and gas explorations in Myanmar. Sinopec Group, the largest Asian oil refiner, had announced last Thursday that it had entered into an agreement to sell its 30% shareholdings in an oil and gas block located in Myanmar.
With the T-Mobile USA and MetroPCS Communications deal, Deutsche Telekom finds a way to stage a comeback into US markets.
Atos is seeking for a minority investor for its electronic payments unit. Atos, a French computer services firm, has received informal bids from potential partners for its new electronic-payments unit.
Infosys, the paragon of market guidance, has now experienced the shock of falling share values because of failed earnings expectations.
Nexstar and Mission Broadcasting acquire television stations from Communications Corporation of America and White Knight Broadcasting.
Tata Steel is issuing ten year Singapore dollar denominated bonds at 5.25%. A local market deal has been formalized and was launched this morning. The deal was Tata Steel's ten year Reg S Singapore dollar denominated bond at 5.
Despite Nikkei highs, two major companies report losses for the period. The Nikkei index of Japan is now nearing a five year high as the share average jumped higher in the day's trading.
Verizon Communications has hired banking and legal advisers in preparation for a possible US$100 billion bid for Vodafone Group shares in their joint venture.
