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By Byron Kaye SYDNEY (Reuters) - South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd with a hefty premium. The deal, the biggest for Woolworths to date, creates a leading southern hemisphere retailer that will benefit from greater scale and a common fashion seasonality, and comes as Australia's... Read more... Read more... Read more...
Even though OnePlus revealed many of the specs of its highly anticipated CyanogenMod-powered One Android handset, the company has yet to reveal its full specs and features. However, OnePlus on Tuesday announced additional hardware details for the One, in anticipation of the April 23 launch event. After surprisingly announcing a few weeks ago that the OnePlus One will have a better processor (Snapdragon 801) than initially expected (Snapdragon 80... Read more...
By Lauren Tara LaCapra NEW YORK (Reuters) - A group of small brokerages and large commodities companies convinced lawmakers to tweak a rule that they say would have made derivatives trading more expensive for them and sent more business to Wall Street banks that already dominate the market. Companies including INTL FCStone Inc, Nomura Holdings Inc, Cargill Inc and Royal Dutch Shell Plc lobbied a congressional committee to change a rule proposed... Read more...