National Oilwell set to spin off distribution business

In what is called a 'tax efficient spin off', National Oilwell would be letting its distribution business stand alone.


Google apologizes over Gmail delivery delays

Google Inc expressed its apologies in a blog post over email delivery delays in Gmail, its email product.

GTA 5, Rockstar breaks more records in UK

Video game developer Rockstar Games and its latest video game release Grand Theft Auto 5 broke new records in UK.

Novamax shares jump after IPO

Novamax had share prices advance 66% of pre-IPO prices after close of trading. Novamax, the vaccine manufacturer, announced Tuesday that it is projecting to raise around USD82.


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Several top private equity firms had expressed in a convention that Africa would be seeing an influx of investments in the near future.
The sale of Illinois Tool Works' industrial packaging business would affect its overall revenues.
The city morgue of Nairobi had readied itself to receive more dead bodies from the mall attack in Nairobi, Kenya.
An estimated 12.6 million viewers watched the premier episode of NBC's "The Blacklist."
British specialist financial services group Close Brothers Group Plc experienced a 5% increase in its adjusted operating profit to GBP25.7 or USD41.2 million this year ended July 31.
Chinese conglomerate Cofco listed its 12 properties across China as part of its HKD14.2 billion or USD1.8 billion reverse takeover with subsidiary the Hong Kong Parkview Group.
Riverstone Holdings' energy investment company in the UK, Riverstone Energy Ltd, would be listing in the London bourse in late October.
According to sources who were familiar with the matter, Dell Inc had been working with AlixPartners LLP to help the company turn its financial position around after its leveraged buyout by its founder and Silver Lake Management LLC.
Spanish telecoms group Telefonica had agreed on Tuesday to increase its stake in Telco, of which the latter is the controlling shareholder of Telecom Italia, via cash-and-share deals.
In a meeting on Tuesday, a whopping 96% of Smithfield Foods Inc shareholders voted in favor of the USD4.7 billion acquisition by Shuanghui International Holdings Ltd.