Global News

General Electric’s share price (NYSE:GE) is bouncing up and down this morning as investors are reacting to the not-so-surprising news that the company is taking the steps it has indicated it would to divest itself of its private equity business.  The company confirmed this morning that it will sell its sponsor finance business and a […]

STRATEGIC INVESTMENT STATUS GRANTED TO KIZILTEPE GOLD MINE Ariana Resources, the Anglo-Turkish gold exploration and development company has announced that its Kiziltepe Gold-Silver Mine, has been granted Strategic Investment status by the Turkish Government. Kiziltepe is part of the Red Rabbit Joint Venture in western Turkey with Proccea Construction Co. Highlights: – Strategic...

Agreement to fund and develop the Mpokoto Gold Project Armadale, the AIM quoted investment company focused on natural resources projects in Africa, has said that via a subsidiary, it has signed a Heads of Terms Agreement with the Africa Mining Contracting Services group with a view to funding, developing, constructing and operating the Mpokoto Gold […]

MaxLinear provides revised second quarter 2015 guidance, which includes May and June post-acquisition contribution from Entropic Communications – Revenues to be in the Range of $68 Million to $72 Million in the Second Quarter of 2015, and $175 Million to $185 Million in the Second Half of 2015 MaxLinear, Inc. (NYSE:MXL), a provider of integrated, […]

What are the details? Sungy Mobile Limited (Nasdaq:GOMO), a leading provider of mobile internet products and services globally with a focus on applications and mobile online platform development, today announced that it has entered into an Agreement and Plan of Merger with Sunflower Parent Limited, an exempted company incorporated with limited liability under the laws […]

“Interest will be payable semi-annually” Avid (Nasdaq:AVID) today announced its intention to offer, subject to market and other conditions, $115 million aggregate principal amount of its convertible senior notes due 2020 in a private placement to qualified institutional buyers . Avid also expects to grant the initial purchasers of the notes an option to purchase […]

The biggest news today will probably come from Vienna where the OPEC oil ministers are gathered to determine how they are going to try to continue to manage the business through which the consortium has pretty much controlled the oil industry since 1960. Nonetheless observers are still buzzing over the newly-published list of Fortune 500 […]

Rob Walton has resigned as Chairman of Walmart, the business his father founded in 1962. 70-year-old Samuel Robson Walton has been chairman of Walmart since 1992. He will remain on the board of directors. The announcement comes one day after Walmart topped the list of Fortune 500 companies for the eleventh time and the third […]

Last evening I decided to watch a couple episodes of National Geographic’s new mini-series, American Genius that I had recorded. It should be available in the UK. I highly recommend the one-hour docudramas that show how genius thrives or fails in the face of other genius. An upcoming episode features the classis story of the […]

What is next for Brazilian commodities Horizonte Minerals Plc, (LSE:HZM) the nickel development company focused in Brazil, has announced the final results from its Phase 4 infill resource drilling programme at its 100% owned Araguaia nickel project in Para State, north central Brazil. The drill programme is now complete and has demonstrated consistent high grade […]