The World Bank’s private finance arm and Goldman Sachs teamed up on Wednesday to launch a $600 million fund to increase access to capital for female entrepreneurs in emerging-market countries. The partners will invest a total of $132 million to seed the new Women Entrepreneurs Opportunity Facility, billed as the […]
Business News
IBM China workers strike over terms in $2.3 billion Lenovo deal
More than 1,000 workers at an IBM factory in southern China have gone on strike against the terms of their transfer to Chinese PC maker Lenovo Group Ltd caused by the U.S. company’s $2.3 billion sale of its low-end server business. Several workers gather outside gate of the International Business […]
Deutsche Telekom Said to See T-Mobile Sale as Less Likely
Deutsche Telekom AG (DTE) Chief Executive Officer Timotheus Hoettges told directors yesterday that a sale of the T-Mobile US Inc. (TMUS) unit is less likely in the near term because of regulatory hurdles, according to two people with direct knowledge of the matter. While selling its 67 percent holding in […]
