Canadian Pacific Railway Ltd said it will be exiting a part of its Dakota, Minnesota & Eastern line to Genesee & Wyoming Inc for a price tag of $210 million.
United States
Bunge North America sells stake in corn-based ethanol plant to Ergon
Bunge North America Inc., a unit of food processing company Bunge Ltd, has put up for sale its remaining stake in Ergon BioFuels LLC for an undisclosed sum. The said stake will be bought by its joint venture partner Ergon Inc.
Pinterest name belongs to a social news startup - EU Trademark Office
Pinterest, the popular US social networking startup, will be having difficulties expanding in international markets after a ruling the European Commission's Office for Harmonization in the Internal Market, Trade Marks and Designs Division said the true owner of the brand name in the region is a London startup.
Israel's SuperCom completes Smart ID buy
Herzaliya, Israel-based National ID Electronic Intelligence solutions provider SuperCom announced the completion of its purchase of the Smart ID division of On Track Innovations.
Loeb's hedge fund outperforms peers with returns 25.2% returns in 2013
With its 25.2% gain, activist investor Daniel Loeb's Third Point beat rivals in 2013, Reuters reported. Loeb's hedge fund stayed in line with the Standard & Poor's 500 Index which rose 29.6% in the same period.
Latest News
Codere, a Spanish gaming group with €1.27 billion of debt as of last September, is seeking creditor protection and beginning talks to avoid insolvency. Codere may be unable to pay a €127 million loan due on January 5 if it fails to reach an agreement with its lenders.
The rising use of mobile computing has prompted the development of fresh technology startups around the world as international entrepreneurs hope to get a share of the markets for tablets and smartphones, the Financial Times reported.
Blackberry Ltd has said in a statement on January 2 that it will be parting ways with its global creative director, musician and celebrity Alicia Keys.
Investor demand for shares of auto lender Ally Financial has grown as evidenced by the increasingly high prices paid for them in recent private transactions, sources told Reuters.
IMS Health Holdings, which is backed by private equity fund TPG Capital Funds LP, Leonard Green & Partners LP and pension fund Canada Pension Plan Investment Board, said in a filing with the US Securities and Exchange Commission that it intends to raise as much as $100 million in a listing at the New York Stock Exchange.
Australia-based protective clothing manufacturer Ansell Ltd has completed the purchase of US-based firm BarrierSafe Solutions International in a deal valued at $615 million (A$692.29 million).
Through a joint venture formed with Shanghai Pudong Development Bank Co formed in 2012, US-based Silicon Valley Bank looks to meet the demand of investors for China funds.
Joseph Lieberman, a former US senator from Connecticut and onetime vice-presidential candidate, will join private equity firm Victory Park Capital Advisors LLC as chairman of its executive board.
VentureBeat reported that 2013 was a good year for venture capital firms as it was the third quarter in a row when there were more than 20 venture-backed companies that held their public debuts.
