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Russia's Fridman forms $16 billion fund to invest in U.S., European telecoms - FT
2015-04-06 08:52:07| Telecom - Topix.net
Russian billionaire Mikhail Fridman and his Russian partners have come together to create a private-equity-style group that will invest in technology and telecom companies in the U.S. and Europe, the Financial Times reported. The private-equity fund called LetterOne Technology , will utilise its $16 billion in funds - stretchable up to $25 billion - to buy struggling telecom companies that require fresh infusion of capital or technology companies that make apps or streaming services that could be used by its global mobile operations, the FT quoted L1Technology's Chief Executive Alexey Reznikovich as saying.
International Business Machines Corp. is Confidently Spending $3 Billion on This Tech Trend
2015-04-05 19:58:25| Electronics - Topix.net
Though it's not an entirely new space for the company, the announcement of a new Internet of Things unit and a $3 billion commitment to IoT now makes IBM a big player in the space. IBM's betting that its IoT cloud services and analytics are exactly what companies need to save money and anticipate better ways to do business.
Tags: this
business
international
tech
International Business Machines Corp. is Confidently Spending $3 Billion on This Tech Trend
2015-04-05 02:50:14| Semiconductors - Topix.net
Though it's not an entirely new space for the company, the announcement of a new Internet of Things unit and a $3 billion commitment to IoT now makes IBM a big player in the space. IBM's betting that its IoT cloud services and analytics are exactly what companies need to save money and anticipate better ways to do business.
Tags: this
business
international
tech
Toyota to end expansion freeze, invest $1.3 billion in two new Mexico, China plants: sources
2015-04-03 07:02:02| Automakers - Topix.net
Japan's Toyota Motor Corp will spend about 150 billion yen to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines. Reuters reported in January that plans were in place for new plants in the two countries, awaiting a green light from top management that has now been given.
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china
mexico
sources
Brazil's Richest Man May Reap $5.6 Billion in Kraft-Heinz Merger
2015-04-02 07:22:12| Food - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. While Kraft has a stable of household brands, the company has struggled to reignite sales growth in a mature market.
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