Muddy Waters' Carson Block sent out an email saying that 72% of NQ Mobile's revenues were 'fictitious".
Sectors
Judge approves auction procedure for Tesco subsidiary retailer
The procedures for the Nov 19 auction had been approved by a bankruptcy court. US supermarket chain Fresh and Easy Neighborhood Market Inc won approval in court of its scheduled Nov.
ICU Medical Inc takes down 'for sale' sign
ICU Medical Inc sought to sell itself but recent negotiations had broken down with one prospect, GTCR LLC.
DIRTT Environmental Solutions aims to raise USD 45 million in IPO
DIRTT filed for a USD 45 million initial public offering in Canada. Doing It Right This Time or DIRTT Environmental Solutions said it had filed for an IPO in Canada to raise gross proceeds of USD 45 million.
Underwriters buy more ING US shares worth USD 146 million
Banks bought more shares of ING Groep's US unit. Netherlands-based ING Groep said the underwriters for the share sale of its US insurance business would be buying additional shares.
Latest News
The investigation into improprieties related to mortgage backed securities hinges its legality in a 1989 law.
Investments have been made for the further development of On Center Software. The foremost name in construction automation, On Center Software, announced that Accel-KKR had placed an investment in the company for its future expansion plans.
New and old investors joined together to provide investment funding for Funding Circle in continuing its objectives of providing loan access to UK entrepreneurs.
Form 1 3D printer maker Formlabs's new USD7 million investment would go towards primarily to the development of its core product and software.
A total of USD7 million was raised in a recent investment round for Berlin-based startup The Football App.
Samsung would be seeking to compete with Google Inc by developing its own version of Google Glass, according to a Korean patent filing.
Google Inc would pouring in an investment of an undisclosed amount in its data center in Hamina, Finland.
The Foreign Investment Promotion Board provides approval Tata-SIA venture. The Indian government approved the proposal from Singapore Airlines to commence an aviation venture with Tata Sons through an initial foreign direct investment of USD49 million.
Billionaire investor Carl Icahn's letter to Apple Chief Executive Tim Cook published on Thursday indicated that Icahn would be witholding his shares from his proposed stock buyback program.
