Investors eye top startups as IPO market awakens
Investors, encouraged by a growing number of acquisitions and public floats in the past few months, are keeping a close eye on a coterie of promising startups in Silicon Valley. Read Full Article here.
UBS tax deal with U.S. seen as soon as today
Details of a deal to settle a U.S. tax case against Swiss bank UBS AG could come as soon as Wednesday and could have far-reaching implications for other wealth managers. Read Full Article here.
GM board to meet on Friday on Opel sale: sources
General Motors board of directors will discuss on Friday the sale of its European business Opel, for which both Magna and RHJ are in the hunt, several sources close to the deal said. Read Full Article here.
Toyota to buy batteries for hybrids from Sanyo: source
Toyota Motor Corp will buy hybrid-car batteries from Sanyo Electric Co, a source familiar with the matter said, as the automaker struggles to meet growing demand for the fuel-sipping vehicles due to a shortage of battery supply. Read Full Article here.
Macquarie buys U.S. asset manager for $428 million
Macquarie Group Ltd , Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash from Lincoln National Corp , continuing a trend of consolidation in the fund management business. Read Full Article here.
U.S. mortgage applications rise as rates plunge: MBA
U.S. mortgage applications rose last week, largely reflecting a jump in demand for home refinancing loans as interest rates slid to a five-week low, data from an industry group showed on Wednesday. Read Full Article here.
Detained Rio Chinese staff healthy, calm, lawyers say
Three detained Chinese employees of Australian miner Rio Tinto appeared healthy and calm, their defense lawyers said on Wednesday after visiting their clients for the first time early this week. Read Full Article here.
Deere's earnings fall 27 percent
Deere & Co said on Wednesday its earnings in the latest quarter fell 27 percent as ongoing weakness in its construction and forestry equipment business offset strength in demand for its tractors and harvesters, especially in North America. Read Full Article here.
Microsoft files to stay Word injunction
Microsoft Corp said on Tuesday it filed a motion to stay an injunction imposed by a federal court last week which threatened to halt sales of some versions of its popular Word application. Read Full Article here.