Japanese firm Sumitomo Corp would be buying Los Angeles-based steel products maker Edgen Group Inc in a USD520 million deal, according to Reuters.
Sectors
Dealertrack completes CFM and VINtek acquisitions
Today, Dealertrack announced completing its acquisition of VINtek and Customer Focused Marketing Inc.
Texas drops out of suit to stop American Airlines-US Airways merger
The state of Texas had dropped out of the lawsuit filed by the US Justice Department to block the US Airways-American Airlines merger, according to a Reuters report.
Life Insurance Corp decreases shareholdings in Britannia Industries
LIC lowered exposure in food conglomerate Britannia Industries. The Indian state-owned Life Insurance Corporation had decreased its shareholdings in Britannia Industries, the consumers conglomerate, by 2.
Vodafone led consortium to activate fiber network
Vodafone formed a consortium with three Gulf telecommunications firms to activate a 1,400 fiber network in anticipation of the increased demand for broadband services in the region.
Latest News
Social media backup startup SocialSafe received an additional USD1 million in investment commitments with Microsoft Corp researcher Gordon Bell as its investor and advisor.
Google modifies its search engines to accommodate competitors, as confirmed by EU Competition Commission and Google executives.
GTA Online has been launched but gamers get failure messages. The multiplayer version of Grand Theft Auto 5 finally went online at 4 am Pacific Standard Time today.
Israel-based venture capital firm Pitango Venture Capital said it had closed its recent funding round with USD270 million worth of funds.
Stock market indices rose and long term instruments fell as the market responded to the first government shutdown in 17 years.
Wolseley Private Equity sold all its shares in nexmedia to Forum Media Group. Australian-based Wolseley Private Equity said it had exited from nextmedia.
Despite an ownership dispute, Electricite de France (EDF) said it was in exclusive discussions with Dalkia France for the purchase of urban lighting firm Citelum.
Campbell Soup Company announced that it had signed a definitive agreement with CVC Capital Partners for the sale of its European meals business.
Log management and analytics startup LogEntries recently received USD10 million in Series A funding led by Polaris Venture Partners.
