Samsung Electronics Co Ltd, the world's top maker of memory chips, said it may buy flash memory maker SanDisk, which is valued at $3.2 bln, in a deal that could reshape a struggling industry. "We are looking at various opportunities regarding SanDisk, but nothing has been decided yet," Samsung spokesman James Chung told Reuters in
More
Dell Inc is trying to sell computer factories around the world in efforts to cut cost and improve profitability, the Wall Street Journal said. In recent months, Dell has approached contract computer manufacturers with offers to sell the plants, the paper said, citing people familiar with the matter. One person briefed on the plan told
More
Bank of America Corp wants to settle state and federal probes into the marketing of auction-rate securities on similar terms similar to those reached with other major banks, Bloomberg said. The second-largest U.S. bank by assets has been negotiating for almost a month with the U.S. Securities and Exchange Commission and regulators in New York
More
The old saying holds true: The rich do get richer. Even as world financial markets broke down last year, personal wealth around the world grew 5% to $109.5 trillion, according to a global wealth report released on Thursday by Boston Consulting Group. It was the sixth consecutive year of expanding wealth. The fastest growth was
More
The US has pledged to support both sides, the Greek Cypriot and the Turkish Cypriot side, as they proceed with direct negotiations, aiming at reunifying Cyprus. Robert Wood, Deputy US State Department Spokesman, said Thursday that the US will do what they can “to support both sides as they go forward in their negotiations”. He
More
Cyprus President Demetris Christofias has analysed the progress achieved so far during his meetings with the Turkish Cypriot leader Mehmet Ali Talat, outlined his expectations from the negotiating process, referred to the difficulties that may arise, explained the government positions and his vision for a unified Cyprus. The President told his audience in Sweden that
More
By Clara Ferreira-Marques (Reuters) London's housing market may be cooling, but not when it comes to 10-bedroom mansions with designer interiors, indoor swimming pools and private gardens in the capital's most sought-after neighbourhoods. Demand for these homes — known as the "super-" or even "uber-prime" slice of the market and typically priced upwards of 20
More
Imports from Greece have reached 1.1 billion euro, marking a 16% increase, said Commerce, Industry and Tourism Minister Antonis Pashalides. Speaking at a press conference on the sidelines of the 73rd Thessaloniki International Fair (TIF), Pashalides said that the balance of trade between Cyprus and Greece leans against Cyprus since in 2007, the total commercial
More
Investors dumped euros and shares on Friday as U.S. economic troubles made bets on growth elsewhere look too risky, sending stocks to their lowest in two years while triggering a surge in safe-haven government bonds. The ratcheting up of fear followed a 3 percent sell-off on Wall Street on Thursday, the steepest decline for more
More
Andreas Papaellinas (Holdings) Limited (AP) acquired 10,772,820 shares of C.A. Papaellinas Trading Pcl (CAP.CY), owners and managers of the Alfa Mega hypermarkets operating in Nicosia and Limassol. The acquisition of the shares, representing 67.77% of CAP’s share capital was made at the price of EUR 1.00 per share. Following the above development, Papaellinas submitted a
More