LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
IntelePeer, Reply! withdraw IPO plans
(Reuters) - IntelePeer Inc and Reply! Inc filed with U.S. regulators to withdraw their initial public offerings citing adverse market conditions.
The withdrawal comes on a day when the social networking giant Facebook is expected to file for an IPO that may culminate in Silicon Valley's largest-ever offering.
IntelePeer, a provider of cloud-based communication services, had postponed its offering last week.
The San Mateo, California-based company, which was hoping to list its shares on the Nasdaq under the symbol "PEER," had filed with the U.S. Securities and Exchange Commission in May last year to raise up to $100 million in an IPO.
Reply! Inc, which operates online auction for web advertising, had filed for an IPO of up to $60 million in February 2010 and intended to list its shares on the Nasdaq under the symbol "RPLY."
(Reporting by Eileen Anupa Soreng in Bangalore; Editing by Supriya Kurane)
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