The tender for the development of 1.9 ha white site at Jurong Gateway Road has been given to Lend Lease Retail Investments 3 and Lend Lease Commercial Investments. This has been confirmed by the Urban Redevelopment Authority (URA). They had given a bid of $748.888 million for the site. This was the highest amount of bid received for the development of the site.
Ocado, which is the online service to deliver Waitrose groceries, has confirmed its flotation in the London stock market with aim of raising at least 200 million Euros. The shares will be offered to the customers, employees and institutional investors who have invested 300 million Euros or more than that in this year.
Microsoft has rebuffed on entering into 3D gaming platform as it's too expensive in nature.
At the E3 conference it was highlighted that company shall be taking a leap in another direction altogether. Neil Thompson, Microsoft's UK boss, said, "Microsoft is currently concentrating on Kinect, a controller-free gaming device for the Xbox360 console."
Opscode a name in building of the infra-structure for cloud computing projects, has generated $11 million in its second round of funding.
The Seattle-based company has received the generous funding from finance company Battery Ventures, and this is followed with an investment from Draper Fisher Jurvetson, the organisation that led the first round.
Google has released the latest PDF plug-in for the Windows and Mac versions for its Chrome web browser.
Through a post on Google Chrome blog it was known that the plug-in is up for download on the Chrome developer channel, and will seek to enhance users' ability to view PDF files on the internet.
It helps in updation of PDF files, thus opening them at a speed similar to HTML web page.
Mainboard-listed and India-owned dry bulk shipping firm Mercator Lines states that it has succeeded on a US$31 million contract in Sri Lanka.
It has entered into a four-year Contract of Affreightment with a state owned Sri Lankan Company, the shipper says. The Sri Lankan firm has however not been named by Mercator.
The value implied by Khazanah's fractional offer price for healthcare group Parkway Holdings is logical but it's not convincing in the milieu of a bid, involving a change of control, says Morgan Stanley.
It came to the termination after noting that Parkway shares are last trading above Khazanah's offer price of S$3.78 a share.