Economic data obtained by International Business Times revealed that the USD80 billion bond-buying program of the US Federal Reserve had only benefited those who can afford to hold on to their investments.
Sectors
EMedia Networks proposed to go private
eMedia Networks International Corporation today announced a proposal by Jasvir Athwal, Darren Reiter and David Mears, all directors and officers of the Company, for the Company to go private.
A&B properties to sell Maui mall
A&B Properties, Inc. announced today that it has agreed to sell Maui Mall to a partnership of Denver-based Alberta Development Partners and an affiliate of Chicago-based Walton Street Capital, LLC.
Aufeminin acquires ‘My Little Paris’ for USD 90 Million
My Little Paris, a French subscription service a city guide has been acquired this week by Aufeminin. Multiple sources indicate that the transaction was valued at USD 90 million (EU 66.7 million).
Niche raises USD 550k to help marketers work with popular users on social media
Niche, a startup that helps connects brands with social media celebrities has announced that it has successfully raised USD 550k in funding and at the same time, have finally opened their website to the public.
Latest News
With the midnight release of the Xbox One, the console war has finally began. Sony's Playstation 4 was released last week and now consumers would be able to tell and decide which one system would rule their living rooms.
The planned merger between Bally Technologies and SHFL Entertainment received recommendations for approval from the Gaming Control Board and the Nevada Gaming Commission without any questions.
Sift successfully raises USD 2 million in seed funding for its personalized shopping app and at the same time, releases its iPhone app. Funding is led by DN Capital and from its previous investors.
The government of Brazil divested its ownership stakes in two major airports to groups of multiple buyers as part of its strategy to improve the country's infrastructure in time for the World Cup.
Comcast Corp, is currently considering a bid for Time Warner Cable, a deal that would unify the two largest cable providers in the United States - sources.
Vince Holding Corp, formerly known as Apparel Holding Corp that is backed by Sun Capital Partners Inc had a successful IPO after raising USD 200 million in an initial public offering.
The government of Finland would be opening a junk bond market to attract investors who are interested to gain higher yields in the best-rated nation in the Euro Zone.
Gold might not have been a great investment, which was evident in a Reuters report about John Paulson not making any additional investments on buillion as his PFR Gold Fund lost 63% this year so far.
The three-person management team of private limousine service Uber had severed ties with the company six months after the car service company launched its services in the capital of Germany.
