In a seemingly peculiar move, JC Penney Co announced yesterday that it would be selling 84 million of its shares to generate cash after saying that the company was liquid enough by the end of its fiscal year.
Sectors
HTC exits from half of its stake in Beats Electronics
HTC Corp would be selling 24.84% of its stake in Beats Electronics for USD 265 million. Taiwan-based smartphone maker HTC Corp would be selling back the 24.
Safetica Technologies launches DLP software in the Philippines
Safetica Technologies launched the its data loss protection program in the Philippines. Safetica Technologies had introduced its flagship data loss protection (DLP) software in the Philippines.
Buechele to succeed Reitzle as Linde CEO
Former BASF SE executive Wolfgang Buechele would be replacing Linde AG current chief executive Wolfgang Reitzle next year, said the German company in a statement.
Rockwood may be a possible takeover target - analysts
Analysts said Rockwood Holdings Inc had poised itself to be an attractive takeover target as it had sold USD4 billion of its businesses this year.
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The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.
A major retail chain in New Zealand was the subject of a phishing attack from overseas criminals. A major retail chain in New Zealand was targeted by cyber criminals operating overseas.
A letter given by NSA Inspector General George Ellard to Senator Charles E. Grassley confirmed that some NSA employees used the agency's signals intelligence powers to spy on their romantic interests.
In a bid to maximize benefit from high consumer demand, SABIC issues a five year dollar denominated bond projected to be worth USD1 billion.
The partnership structure proposal of Alibaba Group Holding Ltd got support from its shareholder Yahoo Inc.
Foreign ministers of the BRICS nations expressed concerns about cyber snooping reports on individuals, businesses and country leaders.
Hong Kong's adherence to its rules may force the IPO of Alibaba to be done elsewhere. The largest shareholders of the Alibaba Group have backed the partnership structure proposed by the company that was the central issue of a debate as to the permission to list its shares in the bourse.
On Friday, the board of directors of Singapore-based and London-listed Archipelago Resources agreed to the privatization proposal of its major investor PT Rajawali Corporation valued at GBP338 million or USD541 million.
The British government said on Friday that the initial public offering of the nation's Royal Mail postal service would value the company at GBP3.3 billion or USD5.3 billion.
