Carl Icahn sold some stake in Yahoo
Carl Icahn is one of the biggest individual investor in the internet media giant Yahoo.
Icahn has now revealed that he recently sold 12.7 million shares to bring down his ownership to around 4.5 percent.
These shares were sold at prices ranging between $14.74 and $14.93.
Incidentally, Icahn had [...]
Imagination Technologies gets more investments from Apple
Apple has further invested in U.K. chip company, Imagination Technologies.
Apple has now acquired another 2.2 million shares in the company for a total ownership of around 9.5%.
This latest investment was around 3.14 million pounds.
The company uses Imagination’s SGX GPU in their recently launched Apple iPhone 3GS smartphone device.
Sources say [...]
Ikea postpones entry into the Indian market
Ikea has announced that they are scrapping their plans to enter the Indian market for the time being.
The Swedish giant said that their talks with the Indian government just did not materialize and they are now discarding their plans to invest in the country.
Indian government does not allow international [...]
North Carolina considering luring Apple to their state
North Carolina is considering giving massive tax breaks to iPod maker Apple if they decide to bring an East Coast computer server farm to the state.
This move would mean an investment of around USD 1 billion for the state of North Carolina.
Apple and the state officials of officially [...]
Honda Motorcycle and Scooter India to invest more in Indian market
Honda Motorcycle and Scooter India has announced that they are planning to invest Rs 300 crore more in the coming years to expand their presence in the Indian market.
These additional funds would be used to boost their production in their existing plants.
A company [...]
Aabar Investments acquires a stake in Daimler
Mercedes Benz maker Daimler has announced that they are selling a stake in the company to the Abu Dhabi state investment fund Aabar Investments.
Aabar Investments has invested 1.95 billion euros in the company to get a 9.1% stake.
The deal is likely to be approved at the annual [...]
Suzuki Motorcycle to invest heavily in India
Suzuki Motorcycle has announced that they are going to invest Rs 150 crore on tripling its manufacturing capacity by 2012 in the Indian market.
The company would also launch three new models in the market in the coming years.
Suzuki Motorcycle India Zonal Head (North and East) Rakesh [...]
Sirius XM Radio survives with fresh investments from Liberty Media
Liberty Media has announced that they would be investing $530 million in Sirius XM Radio.
These funds would help Sirius to stay away from bankruptcy for the time being.
Liberty said that they would immediately provide a loan of $280 million to Sirius. Most of these funds [...]
Carlos Slim to invest $250 million in The New York Times
The New York Times has announced that they have signed on a deal with Mexican billionaire Carlos Slim.
The deal would see Slim making an investment of $250 million in the news media giant.
These funds would help the NYT to meet the immediate financial [...]
Panasonic to cut investments in flat screen television business
Japanese consumer electronics manufacturer Panasonic has announced that they are going to reduce their spendings on the flat screen television operations.
The company also said that they are planning to withdraw from unprofitable businesses as the economic slowdown is affecting their bottom line badly.
A lot of companies [...]
