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Michaels second-quarter same-store sales rise 2.9 percent

Michaels Stores Inc (MIK.N), North America's largest arts and crafts retailer, reported same-store sales rose 2.9 percent in the second quarter.


Ancestry.com bids fall short of expectations-sources

Bids submitted earlier this month by private equity firms for Ancestry.com have fallen short of the company's expectations.

Ex-Perry Asia head raises $940 mln in top Asia hedge fund launch of 2012

Alp Ercil closed his own Asia-Pacific fund to fresh money this week after raising $940 million in the biggest hedge fund launch in the region for 2012.

China's Li Ning shares slide after it flags full year loss

Shares of China's best-known local sportswear group, Li Ning Co Ltd, slid 4 .5 pe rcent on Thursday.


Latest News

The private equity arm of Standard Chartered has invested $45 million for a minority stake in Indian engineering services firm Inox India Ltd.
EIG Global Energy Partners LLC said on Tuesday it had sued asset manager TCW Group Inc over the latter's takeover by private equity firm Carlyle Group LP.
Bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies. The following bids, mergers, acquisitions and disposals involving European, U.
Discovery Bay Games today announced closing $15 million in Series B financing. Discovery Bay Games, the worldwide leader in iOS-exclusive game accessories, today announced closing $15 million in Series B financing, led by Trilogy Equity Partners, LLC, a privately held investing company, and Logitech, a world leader in gaming products for the PC and other platforms.
Lehigh Technologies Inc. has completed $16 million in financing, securing investments from top global venture capital firms.
GGV Capital has raised $625 million for its fourth venture capital fund. GGV Capital, a top venture capital firm focused on the US and China, has raised $625 million for its fourth venture capital fund.
Intellectual Ventures (IV) announced today that its newest spin-out company, Kymeta™, has closed a $12 million funding round.
China sovereign fund CIC CIC.UL and Government of Singapore Investment Corp GIC.UL have invested around $500 million each in U.S.-based Cheniere Energy Partners Ltd's (CQP.A) planned liquefied natural gas (LNG) export plant.
Funds run by Blackstone Group LP have sold about 20 percent of its shares of mall owner General Growth Properties Inc at $18.45 a share.
Brazilian online fashion retailer Dafiti said on Tuesday that it would receive $45 million from J.P. Morgan Asset Management in a cash-for-equity deal.