In brief: Forbes explores sale
Forbes Media, the publisher partly owned by Bono's investment firm Elevation Partners, is exploring a sale after getting interest from potential buyers.
The New York-based publisher of 96-year-old 'Forbes' magazine and Forbes.com is working with Deutsche Bank on the sale. Forbes expects at least $400m (€297m) in the sale, a source told Bloomberg.
BUSY YEAR FOR LONDON
London is having its busiest year for stock market listings since the financial crisis struck and companies and their bankers are pushing to complete more offerings before 2013 draws to an end.
With listings typically taking about a month to complete from launch, bankers say companies need to kick off initial public offerings in the next few days if they are to be completed before investors head off for the Christmas break. Although many of Europe's economies are still struggling, equity markets have soared, boosting the valuations.
MARINE CENTRE LAUNCH
Research and Innovation Minister Sean Sherlock officially launched the Marine Renewable Energy Ireland Research Centre at University College Cork.
The centre will receive funding of €19m from the Department of Jobs, Enterprise and Innovation through Science Foundation Ireland (SFI), with a further €10.5m from 45 industry partners. "By making Ireland an international focal point for the marine renewable industry, MaREI will help create solutions for the marine energy industry to meet national and international sustainable energy demands," he said. The centre will conduct research on all aspects of the marine renewable energy.
Samsung plans to release a Galaxy smartphone next year with a three-sided display that wraps around the edges so messages can be read from any angle, sources said.
The phone will use an upgraded version of Samsung's technology called Youm, currently featured in the curved Galaxy Round handset. The display may be used in the S or Note series of premium handsets or may be the first in a new line. Samsung plans to have each side of the display operate independently. The world's largest maker of handsets is fighting with Apple to introduce innovative devices as they brace for a slowdown in the high-end smartphone market, where Samsung sells about one of every three devices.