Basic-Fit, a Netherlands-based discount fitness operator receives a venture round funding worth about EUR 110 million from the 3i Group PLC. Now with an enterprise value of EUR 275 million, this round would help Basic-Fit further into their domestic and international rollout plans.
Sectors
Hedge funds are investors' favorite to try different markets - report
A report published on Reuters said investors continue to pour in lots of money in hedge funds as they view the investment as a necessary yet expensive part in their portfolios.
Mississippi ranks first in US construction employment growth, Tennessee drops to 44th
According to a new report by the Associated General Contractors of America, Mississippi has led the US in construction job growth third quarter of this year. Former leader Tennessee has dropped to rank number 44.
EU regulator investigates container-shipping firms for possible price fixing
The European Commission is looking at the way container-shipping companies announce their price increases, saying it may be possible that they are colluding with each other to rig prices.
Eagle Genomics gets an additional USD 1.6 million in funding
Eagle Genomics, a Cambridge, UK-based provider of bioinformatics software and services covering life science and other sectors, has successfully raised an additional USD 1.6 million in funding.
Latest News
Tobias Meyer, Sotheby's chief auctioneer, left the auction house prior to his end of contract a week after spearheading the company's biggest sale, which was Andy Warhol's "Silver Car Crash" for USD104.5 million.
The US Department of Justice objected to four restructuring plans put forth by bankrupt LightSquared and its creditors. The objection will be discussed at a bankruptcy court hearing on December 10 in Manhattan.
Investors showed support in nutrition company Herbalife International on the stock exchange on Friday despite another attack from activist investor Bill Ackman of hedge fund Pershing Square Capital Management.
Fisker Automotive Inc filed for bankruptcy and plans for its assets to be acquired by Hybrid Technology. The group included Richard Li, the son of Hong Kong's richest man.
Micro-blogging site Twitter reportedly enabled Perfect Forward Security (PFS) across its mobile site, website and API feeds.
Yahoo's USD 1 billion convertible bond offer and USD 5 billion stock buyback authorization was made to protect the company's stock price, writes Stephen Gandel on Fortune's Term Sheet.
Lavabit lawyers have submitted a reply in brief to the Feds in a case that will determine whether they will hand over their master encryption keys for its entire system to the government.
Google Inc is looking for ways to use prescription lenses for its Google Glass design. Efforts are in place to keep them from not just becoming another niche products for nerds.
Pork producer The Maschhoffs LLC announced on Friday that it has agreed to purchase chicken company GNP Company for an undisclosed amount. GNP company is the 18th-biggest broiler producer in the US.
