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Another Day, Another Billion Android Users at Risk
2015-10-06 02:27:10| TechNewsWorld
Google on Monday released an over-the-air update for Nexus devices, which includes patches for the latest Stagefright vulnerabilities and other flaws. Android's Stagefright media processing feature, which recently imperiled 1 billion devices around the world, was once again putting them at risk, Zimperium revealed last week. Zimperium found two new vulnerabilities.
US says BP to pay US$20 billion in fines for 2010 oil spill
2015-10-05 22:34:54| Oil & Gas - Topix.net
Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon, off Louisiana, in this handout photograph taken on April 21, 2010 and obtained on April 22. REUTERS/U.S. Coast Guard/Handout BP Plc will pay more than US$20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, marking the largest corporate settlement of its kind in U.S. history, Attorney General Loretta Lynch said on Monday. The agreement, first outlined in July, adds to the US$43.8 billion BP had previously set aside for criminal and civil penalties and cleanup costs.
Two funds in talks to buy over $1 billion Cablevision stake
2015-10-05 18:21:23| Telecom - Topix.net
Canada Pension Plan Investment Board and private-equity firm BC Partners are in talks to acquire more than $1 billion in Cablevision Systems Corp. shares as part of Altice NV's takeover of the U.S. cable provider, according to people familiar with the matter. The amount hasn't been finalized and a deal could still fall apart, the people said, asking not to be identified because the negotiations are confidential.
Supermarket chain Albertsons hopes to raise $1.7 billion in IPO: Reuters
2015-10-05 17:55:58| Grocery - Topix.net
Albertsons Cos Inc [ABS.N], the No.2 U.S. grocery chain, said it hoped its initial public offering would raise $1.7 billion, an ambitious target at a time of intensifying industry competition and uncertainty in global capital markets. The determination of Albertsons' majority owner, private equity firm Cerberus Capital Management LP , to carry out the IPO despite market volatility underscores confidence that it can fetch a high valuation.
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Peltz's Trian Buys $2.5 Billion Stake in GE Amid Overhaul
2015-10-05 17:39:42| Appliances - Topix.net
The investment is now Trian's largest, the firm said in a statement Monday. In a separate statement, GE said it welcomes the move.
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