New venture fund received GBP37.5 million in investment commitments from public and private investors, including the UK government, to boost the tech industry in the nation.
Sectors
Inversions by US companies resulting from mergers seen as threat to government revenues
A report from The New York Times' The DealBook said the US government would stand to lose billions of dollars in lost tax revenues should corporate inversion continue.
John Wood Group and Siemens AG form JV
A joint venture firm was agreed to be formed between Siemens AG and John Wood Group John Wood Group Plc, the energy service firm together with Siemens AG, the German industrial conglomerate, have announced the formation of a joint venture entity to create a globally integrated rotational equipment service unit.
JC Penney appoints Saks CEO to board
Saks Inc Stephen Sadove was appointed to the Board of Directors of JC Penney. JC Penney Co said the Chief Executive Officer of Saks Inc, Stephen Sadove, would be joining its board of directors.
Meridian Properties calls off EUR 170 million IPO
Meridian Properties did not push through with its planned EUR 170 million due to adverse market conditions.
Latest News
HSBC issued a comprehensive report as to the effects of the Arab Spring with the Gulf countries' economies.
Under the leadership of CEO Tamim Al-Kawari, QInvest would move away from its non essential businesses to focus on buyouts and buyins for Qatari companies.
Aldar Properties, after being bailed out by the Abu Dhabi government, had discussed obtaining a bridge loan to pay off debts.
The European Union approved Aegean Airlines' takeover of Olympic Air. European Union regulators gave approval to Aegean Airlines to purchase Olympic Air.
Medtronic Inc and Apollo Hospitals Enterprise formed a joint venture for the development of a low-cost and portable hemodialysis treatment for developing countries.
French carmaker Peugeot-Citroen said it would be considering new cooperation agreements with various firms to fund its overseas expansion efforts.
Vestas Wind Systems sold six turbine factories to VTC Partners for EUR 1 to complete its asset disposal program.
TheNextWeb co-founder Boris Veldhuijzen van Zanten was confident in early-stage startups achieving entrepreneurial success in as short as a weekend or one day.
Fujitsu unveiled a new waterproof tablet with an extractor fan that would work even underwater. After launching its dustproof and waterproof tablet M702 in March this year, Fujitsu unveiled another waterproof today.
