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Encana's Texas Properties Sold For Half A Billion Dollars

2014-04-29 17:13:00| OGI

The deal follows the $1.8 billion March agreement to sell ECAs natural gas assets in the Jonah Field in western Wyomings Sublette County.

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Pfizer chasing AstraZeneca in potential $100 billion deal

2014-04-28 13:46:24| Biotech - Topix.net

U.S. drugmaker Pfizer Inc is working on its next move in a potential $100 billion bid battle for Britain's AstraZeneca Plc after having a two bids rejected, as deal-making grips the healthcare industry.

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Alibaba to invest USD 1.2 billion in video site Youku Tudou

2014-04-28 12:33:00| Telecompaper Headlines

(Telecompaper) Chinese e-commerce group Alibaba has agreed to buy USD 1.22 billion of shares in the Chinese online video platform Youku Tudou. Alibaba is partnering with investment group Yunfeng Capital to buy around 720 million shares in Youku Tudou. This includes 707 million new Class A shares and almost 14 million existing shares, at a price of USD 1.6944 per share. Alibaba will hold 16.5 percent and Yunfeng 2.0 percent in the company after the deal. In addition, Alibaba CEO Jonathan Lu will join Youku Tudou's board of directors upon completion of the transaction. 

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EE revenue falls 3.6% to GBP 1.55 billion in Q1

2014-04-28 09:25:00| Telecompaper Headlines

(Telecompaper) UK operator EE reported turnover down 3.6 percent to GBP 1.55 billion in the first quarter, compared with the first quarter of 2013, hurt by mobile call termination and roaming price cuts. Mobile ARPU grew 2.2 percent, with the percentage of ARPU from data (non-text) revenue growing by 11 percentage points to 47 percent. EE's first quarter operating revenue decreased by 1.7 percent to GBP 1.49 billion. The EE network had 30.7 million users at the end of March, including 3.66 million MVNO customers, up 3.2 percent on last year. The operator boosted its 4G customer base by 889,000 in the quarter to a total of 2.9 million. It said it was on target to exceed 6 million 4G customers by the end of the year.

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Ticon Logistics Park to spend Bt6 billion on warehouses, other facilities

2014-04-27 20:03:20| Logistics - Topix.net

TICON LOGISTICS PARK will invest Bt6 billion this year to build more local logistical facilities and warehouses for lease to cash in on the growing outsourcing trend.

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