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Telenor gets green light to take over Telekiosken
TelekioskenFriday August 30, 2013 3:59AM ET
The Norwegian Competition Authority has approved the agreement between Telenor and Kjedehuset concerning the sale of Telekiosken. Telenor will take over the chain of stores on October 1.
Carlyle and Townsend to invest $200 million in Shanghai Yupei
Shanghai Yupei GroupFriday August 30, 2013 3:15AM ET
Carlyle Group and Townsend Group announced a strategic partnership with Shanghai Yupei Group to invest in 17 modern warehouses in China. Carlyle and Townsend will give approximately $200 million for equity interests in 5 warehouses by Shanghai Yupei Group and will build 12 new warehouses in the next two years.
Google just confirmed that its AI software is not working
GoogleThursday August 29, 2013 6:56PM ET
Google engineer Matt Cutts called all users of his search engines to tell him what small website should be doing better on Google. A simple post on Twitter reveals a deep problem for Google: Panda, a form of artificial intelligence, is not working as expected.
Syngenta to seek court protection over EU pesticides ban
SyngentaThursday August 29, 2013 1:00PM ET
Syngenta, a producer of thiamethoxam, a pesticide used to coat seeds before germination, has launched a legal challenge against the European Commission's decision to temporarily ban the chemical overs fears it harms bees.
Bombardier made a deal in Russia worth $1.695 billion
Bombardier Q400 NextGenThursday August 29, 2013 11:00AM ET
Bombardier Aerospace said that Ilyushin Finance will acquire 50 Q400 NextGen airliners that would be assembled in Russia under a joint venture that may be created by Bombardier and Rostekhnologii (Rostec).
Google and Apple to offer devices, software in Iran
Google Apple IranThursday August 29, 2013 10:30AM ET
Google said that Android developers may start offering free apps in Iran. At the same time, Apple has removed Iran from among the countries to which sales of its products are prohibited.
Emirates to fly non-stop to Taipei
EmiratesThursday August 29, 2013 9:09AM ET
Emirates announced the launch of non-stop passenger services to Taipei, its 16th destination in the Far East. The service will commence from February 10, 2014, initially with six non-stop flights per week to Taipei's Taoyuan International Airport.
Apple is changing strategy to 'kill all innovations'
AppleThursday August 29, 2013 9:06AM ET
Apple is trying hard to change the company course from electronic and software to the law field: The newest idea is to trademark the word "startup." But while lawyers are working hard, innovators in Apple are sleeping, giving room for Samsung to prove it's the world's innovator No1.
Whiting Petroleum buys new fields in North Dakota and Montana
Whiting PetroleumThursday August 29, 2013 8:09AM ET
Whiting Petroleum Corporation has signed a purchase agreement with a private party to acquire producing oil and gas wells and development acreage in the Williston Basin in Williams and McKenzie counties of North Dakota and Roosevelt and Richland counties of Montana.
Qualitest to buy Boca Pharmacal for $225 million
Boca PharmacalThursday August 29, 2013 6:49AM ET
Endo Health Solutions announced that its Qualitest subsidiary has reached a definitive agreement to acquire privately held Boca Pharmacal, a specialty generics company, for $225 million in cash.
du and Air Miles introduce The Executive Plan Plus
du Air MilesThursday August 29, 2013 4:34AM ET
du announced the Executive Plan Plus, a smartphone plan created for high-flying executives and small-medium enterprise (SME) owners. In partnership with Air Miles, the plan will allow customers to earn Air Miles when they sign up to the new The Executive Plan Plus.
Covanta to invest $110 million, gets 20-year agreement with New York City
CovantaWednesday August 28, 2013 11:45AM ET
Covanta announced a new 20-year agreement with New York City Department of Sanitation to transport and sustainably dispose of municipal solid waste (MSW) delivered to a pair of marine transfer stations located in Queens and Manhattan.