Daum Kakao to Buy Path's Social Media Services
Daum Kakao Corp., maker of South Korea's popular chat app
KakaoTalk, said Friday that it would buy the social media services
of San Francisco-based Path Inc., marking Daum Kakao's boldest move
to expand beyond a home market where its dominance has allowed it
to branch out into myriad services. (published 0211 GMT)
Moody's Upgrades Four Top U.S. Banks--Update
Morgan Stanley received a long-awaited ratings upgrade from
Moody's Investors Service, an endorsement of the firm's strategy
shift and a move that could help the bank pick up new trading
clients. (published 0138 GMT)
Sincere's Last FY Net Loss Widens to HK$122.6 Mln
Department store operator Sincere Co.'s losses widened in the
last fiscal year, as retail demand in Hong Kong weakened and
operating costs rose. (published 0157 GMT)
CST Mining Group: Raising Up to HK$540 Million Via Share Placement
CST Mining Group Ltd. a miner of copper and other mineral
resources, said Friday it is raising up to HK$540 million from a
share placement to fund potential investments and for general
working capital. (published 0138 GMT)