British financier Guy Hands has ended his long-running U.S. lawsuit accusing Citigroup Inc of defrauding him into buying music company EMI Group Ltd but plans to keep pursuing the case in England.
2 min read · 07 March 2014
Shares of digital coupon company Coupons.com Inc rose as much as 84 percent in their trading debut on Friday, valuing the company at over $2 billion, Reuters reported.
1 min read · 07 March 2014
Global activity in initial public offerings has leaped 70 percent to hit $28.2 billion in 2014 so far, compared with the same period last year, Thomson Reuters data showed on Friday.
1 min read · 07 March 2014
Safeway Inc (SWY.N), the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.
2 min read · 07 March 2014
U.S. medical devices maker Biomet Inc filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of its common shares.
1 min read · 07 March 2014
Canadian police have launched an investigation after online bitcoin bank Flexcoin, which closed its virtual doors this week, said that it had lost about $600,000 worth of the digital currency in a hacker attack, Reuters reported. Flexcoin's demise followed the collapse of Mt. Gox, once the world's dominant bitcoin exchange, which filed for bankruptcy last week.
4 min read · 06 March 2014
Following a report in Newsweek that he is the creator of bitcoin, Satoshi Nakamoto on Thursday denied any involvement with the digital currency, Reuters reported.
2 min read · 06 March 2014
Business Insider raised $12 million in another round of capital from investors including Amazon's Jeff Bezos, Institutional Venture Partners, RRE Ventures and former Wall Street Journal publisher Gordon Crovitz, according to a Wednesday post by its founder Henry Blodget.
2 min read · 06 March 2014
Virgin America, the U.S. carrier in which Richard Branson's Virgin Group has a minority stake, could go public in the third or fourth quarter, its president and chief executive said on Wednesday.
2 min read · 06 March 2014
Spain's Savera Group, which earns most of its revenue in China, is seeking a buyer for around 70 percent of itself, in a sale valuing the company at up to $500 million, sources told Reuters.
2 min read · 06 March 2014
