The troubled US Postal Service (USPS) reported an annual loss amounting to USD5 billion for the fiscal year that ended on September 30 despite efforts to improve profitability.
Sectors
Three rivals compete to buy Rexam packaging unit
UK-based company Rexam received offers to buy its healthcare packaging unit from Silgan Holding Inc, Berry Plastics Group, and Gerresheimer for less than USD1 billion.
Fusion Group divests Meter Provida Ltd to Total Capital Partners
Fusion Group has sold UK-based gas meters supplier Meter Provida Ltd to Total Capital Partners. The transaction was facilitated by Avondale but no financial terms were disclosed.
Britain's WPP denies bid for IPG takeover
Britain-based advertising group WPP denied a report from The Daily Mail's that the company is planning a takeover bid for US-based marketing group Interpublic (IPG).
Akorn grabs 3 eye drop products from Merck
Illinois-based niche pharmaceutical firm Akorn Inc acquired the US rights to three branded ophthalmic products from New Jersey-based international pharmaceutical company Merck for USD52.8 million.
Latest News
While banks received USD2.3 billion in quantitative easing, they haven't been lending to small businesses and consumers and have pushed then to peer-to-peer lenders.
This week, Google rolled out an iPad-focused update to its Gmail for mobile apps, which can be downloaded for free in the Apple iTunes Store.
Hundreds of PlayStation fans braved the chilly weather in New York to line up and wait for Sony's midnight launch of the long-awaited PlayStation 4 game console.
IPO candidate British game maker King revealed its Candy Crush Saga title has been downloaded over half a billion times and played over 150 billion times to date.
The Board of Directors of Income Streams III Corporation announced the final regulatory approval for its merger into Dividend Split Corp which is set to take place on December 1, 2013.
Chilean drug maker CFR Pharmaceuticals issued a formal bid to acquire 100% of the issued share capital of South African pharmaceutical company Adcock Ingram Holdings Limited for USD1.26 billion.
Amphenol Corporation entered into a definitive agreement to acquire the Advanced Sensors business of GE for USD318 million, which will be subject to closing conditions and regulatory approvals.
UK healthcare facility investor Primary Health Properties would be consolidating with its rival Prime Public Partnerships in a GBP41 million agreement that will result to a combined portfolio of 257 properties valued at GBP942.3 million.
Construction group Murray & Roberts Holdings, Ltd announced that it had secured a material requirement to move forward with its buyout of Australian engineering company Clough Ltd.
