China 3C Group: CHCG.OB shares dropped after the company announced that it had sold $11.74 M worth of common shares in a private placement at an enormous discount. Although shares traded for over $8 as recently as yesterday morning, China 3C Group only charged the private investors $5.60 per share. That’s a 30+% [...]

Internet reference content site Answers.com: ANSW announced after the bell today that it would buy Lexico Publishing Group, owner of Dictionary.com, Thesaurus.com and Reference.com, for $100 million in cash.   The transaction is subject to financing (which may be tough given that Answers.com’s market cap is only $101.3M as of today’s close).
According to the press release, [...]