Opthalmic lens maker Essilor announced it plan to buy sunglass company Costa for USD270 to tap the growing market of prescription sun lens.
Sectors
Numericable debut timely despite credit rating downgrade - report
Numericable experienced a significant and record increase in share prices on its first day on the stock exchange.
Banks avoid financial backing for Etisalat over letter of support issued for subsidiary
Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
Fosun seals USD500 million convertible bond deal
Fosun International raised USD500 million from selling convertible bonds. Fosun International, the largest privately-owned conglomerate in China, managed to raise HKD3.
Telecom Italia is selling off assets to raise funds
The assets it owns in Argentina as well as towers in Italy and Brazil are but some of the assets seeking Telecom Italia seeks to unload.
Latest News
Path reportedly received additional funding at more than USD7 million amid departures of its team members.
Beverage giant Coca-cola Co said it would invest USD5 billion in China between 2015 and 2017 to counter competition.
The Swiss National Bank sold the bailout fund of UBS for USD3.762 billion. On Friday, the Swiss National Bank (SNB) said it had sold UBS's stabilization fund back.
Indigo Parners LLC said it would go ahead with its plan to acquire Frontier Airlines despite its failure to reach a labor deal with its flight attendants.
Manitoba Telecom Services Inc may sell stock for pension plan after Canada says no to Allstream sale
After regulators rejected the plan to sell its Allstream business division to Egyptian firm Accelero Capital Holdings Sarl Group, Manitoba Telecom Services Inc said it might sell its stock to fund the shortfall of its pension plan.
Espresso Logic raised USD1.6 million today as seed funding to make mobile APIs using data logic from reactive programming.
British technology company Captive Media managed to raise GBP250,000 through crowdfunding to launch the world's first urinal game.
Oktopost closed USD800,000 seed round to bridge social media marketing and business-to-business (B2B) masses.
GoCoin secured USD 550,000 for its seed round from various global investors. Singapore-based GoCoin announced that it had secured USD 550,000 for its seed funding round.
