Rue21 to go private in $1.1 billion deal
(Reuters) - Teen-apparel retailer rue21 Inc <RUE.O> said it agreed to be acquired by private equity firm Apax Partners in a deal valued at about $1.1 billion. Full story
Dover to spin off some communication technologies businesses
(Reuters) - U.S. industrial conglomerate Dover Corp <DOV.N> said it will spin off some of its communication technologies businesses into a publicly traded company named Knowles Corp. Full story
IT firm iGate sacks CEO over undisclosed relationship
MUMBAI/BANGALORE (Reuters) - IT outsourcing company iGate Corp said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating one of the industry's best-known executives for sexual harassment. Full story
After ATM heist, India's IT sector again in unwelcome spotlight
MUMBAI/BANGALORE (Reuters) - A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation. Full story
Theragenics gets buyout offer from investment firm; shares jump
(Reuters) - Medical device maker Theragenics Corp <TGX.N> said it had received a takeover offer of $69.9 million to $71.4 million from Juniper Investment Co, representing a premium of 51-54 percent to its closing stock price on Friday. Full story
Indian companies at center of global cyber heist
DUBAI/BOSTON (Reuters) - Two companies with major operations in India were the weak links that opened the door to a $45 million global cyber heist brought to light by U.S. authorities this week. Full story
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