Chinese online game developer Perfect World Co Ltd (PWRD.O) said it received a go-private proposal from founder and Chairman Michael Yufeng Chi at $20 per ADS, valuing the company at nearly $1 billion.
Sectors
Xiaomi revenue doubled to $12 billion in 2014: CEO microblog
Fast-growing Chinese tech firm Xiaomi Technology Ltd Co [XTC.UL] booked 74.3 billion yuan ($11.97 billion) in pre-tax sales last year, up 135 percent from 2013, the firm's chief executive Lei Jun said on his official microblog account on Sunday.
American Airlines pilots union calls for vote on proposed contract
The union representing American Airlines pilots approved the carrier's final contract offer late Saturday, paving the way for a retroactive 23 percent wage hike if its members concur in a vote this month.
Greek leftist Tsipras says ECB cannot shut Greece out of stimulus
Greek leftwing opposition leader Alexis Tsipras said the European Central Bank (ECB) could not exclude Greece if it decides to move to a full "quantitative easing" program to stimulate the euro zone's faltering economy.
Russia oil output hits post-Soviet high, small firms help
Russia's 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), rising by 0.7 percent helped by small non-state producers, Energy Ministry data showed on Friday.
Latest News
Banco do Brasil SA (BBAS3.SA), the nation's largest bank by assets, said on Friday it received approval from the central bank for a joint venture with card payment processor Cielo SA (CIEL3.SA), but it will not be able to book accounting gains from the deal.
British technology and outsourcing company Quindell Plc said it had entered into exclusivity arrangements with a third party for possible disposal of an operating division to improve its working capital profile.
For top U.S. retailers, free delivery is now the norm. That is good news for shoppers, but not so much for investors. During the just-ended holiday season, outlets from Target to Wal-Mart to Amazon
Vuzix Corporation said on Friday that Intel Corp invested $24.8 million in the company to speed up the launch of Internet-connected eyewear. Intel bought preferred stock that is convertible into common shares equivalent to 30 percent of Vuzix, Vuzix said in a press release.
Yahoo Inc and Microsoft Corp search engines temporarily went dark on Friday after Microsoft pushed out a bad code update and then struggled to roll it back, a person briefed on the outages told Reuters.
A federal judge rejected Uber Technologies Inc's bid that it not be required to disclose emails from Chief Executive Travis Kalanick in a California lawsuit accusing the popular ride-booking service of deceiving customers about how it shares tips with drivers.
France's floundering economy pushed car sales 6.8 percent lower year-on-year in December, while Spanish sales jumped by 21.4 percent, helped by a subsidy scheme, and also rose in Italy, according to auto industry associations.
A top Federal Reserve official said on Friday she could see the U.S. central bank raising interest rates in the first half of the year, earlier than some expect, given that the economy is on a "very firm footing."
Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years.
