Friday, September 19, 2008

Robert Hernreich - China's Focus Media To IPO Its Allyes Internet Ad Business (CBS News)

China's Focus Media To IPO Its Allyes Internet Ad Business (CBS News)
Chinese advertising firm Focus Media (NSDQ: FMCN) is primarily engaged in the out-of-home market, but it does have a fast-growing, internet business that it acquired just last year for $300 million And now the company plans to do a spinoff of the unit (Allyes Online Media Holdings) via an IPO. The company said in a release this morning that it would commence the IPO following an F-1 filing and ...

Canadian Western Bank looks east via Internet (Reuters via Yahoo! News)
Amid the week's financial-sector chaos in the United States and wildly gyrating stock prices, a Canadian chartered bank has started an Internet version to gather new deposits outside its traditional business area.

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