In a note to its users via its Help page, the team at Yahoo Inc said its Mail service is now back for most of the users, and is working to restore its IMAP access to achieve full functionality of the free Web service.
Sectors
Dufry acquires remaining stake in Hellenic Duty Free for €328 million
Switzerland's Dufry is reportedly purchasing the remaining 49% stake in Greek travel retailer Hellenic Duty Free for €328 million. Dufry bought a controlling stake in HDF for €200.5 million last year.
Israel's Frutarom acquires American flavorings company Hagelin for $52.4 million
United States' Hagelin & Co. has been sold to Israeli flavorings and specialty ingredients firm Frutarom Industries for $52.4 million. Frutarom finance the deal through a short-term bank loan.
Goldman Sachs grants $120 million pre-IPO loan to Chinese warehouse firm
Investment bank Goldman Sachs Group will provide a $120 million loan to Warburg Pincus-backed warehouse firm e-Shang. e-Shang reportedly plans to go public in the next few years.
Finland's Fortum agrees on sale of power distribution business to Suomi Power Networks
The largest utility firm in Finland, Fortum Oyj, would be exiting from its power distribution business in Finland to Suomi Power Networks, Bloomberg said in its report.
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Dutch broadband provider Ziggo said it is in talks with billionaire John Malone's cable firm Liberty Global for a possible offer, sources had told Bloomberg.
EY director Colin Pickard said Bitcoin has the potential to be a game changer in the financial services industry as long as governments start regulating the digital currency.
New York-based Bitcoin fund Bitcoin Investment Trust has raised around $65 million in virtual currency after just two months in operation, according to the fund's founder.
GMR Infrastructure Ltd. has began the process for the $300-$350 million initial public offering it is planing for its airport business. It has reportedly tapped Citigroup, JPMorgan, Axis Capital and Infrastructure Development Finance Company to manage the listing.
Bloomberg Television said has forged a partnership with privately-held firm Encorp Group Sdn Bhd to establish the first business news channel in Malaysia next year.
Actis, a private equity firm based in the UK, is to sell its 82% stake in India-based Sterling Hospital to Addlife Investments Pvt Ltd, the private equity firm promoted by Girish Patel.
German frozen food products supplier Hofmann Menu Manufaktur has been sold to Switzerland-based private equity firm Partners Group AG. Financial terms of the deal, however, remains unknown.
Bangalore-based big data startup Spire Technogies reportedly secured $8 million in a Series A funding round to help its clients manage talent to expand into Asia and the US.
The board of directors at Ford Motor Co is keen to know the immediate career plans of its chief executive officer, Alan Mulally, as speculation about the latter being the next head of Microsoft intensifies.
