US home sales on the rise
New sales of homes in the U.S. rose by 8.3% despite higher mortgage rates.
Basic Materials
UK Faces Crop Shortfall Due to Wet Weather; Bread and Biscuit Price Hikes Expected
The Energy & Climate Intelligence Unit (ECIU) warns of potential price surges in bread, biscuits, and beer in the UK due to persistent wet weather.
Cocoa Prices Push Near Record Levels As Global Shortage Continues to Impact Market
Cocoa prices keep going up for a fifth consecutive day due to a shortage in supply, prompting concerns for traders and growers in countries like Ghana...
Home Depot to Open 4 New Distribution Centers for Home Professionals
Home Depot unveiled on Thursday its plan to open four new distribution centers explicitly designed for the needs of remodelers, contractors, and other home professionals...
Tech Envy on Business Sector
A poll of tech worker habits by software firm Nintex revealed that public and private sector employees are hungry for automation, and rely on mobile apps and the cloud to get work done...
Latest News
Mediterranean Investments Holding Plc to sell stakes to fund Libyan project
Mediterranean Investments Holding Plc announced that it is considering a London IPO to raise EUR100 million.
Chatham produces US$1.60 million in its IPO
Chatham announced that the net proceeds they got from their IPO did not meet its expectations of US$4 million.
Ferragamo considered as luxury target after US$2.6 billion Loro Piana deal
Salvatore Ferragamo SpA and Tod's SpA were expected to pursue growth through deals with LVMH and Gucci-owner Kering SA.
BV is now ECRM's major shareholder
Efficient Collaborative Retail Marketing announced that BV Investment Partners is ECRM's majority shareholder.
Loro Piana Brothers Emerge as Billionaires After Selling Italian Cashmere
LVMH Moet Hennessy Louis Vuitton SA bought 80% of Loro Piana SpA making the brothers who led the company billionaires.
NSW State Aims To Sell Heritage Buildings
The NSW state government expressed their intent to sell heritage building in Sydney
Sources: TPG to acquire TSL Education for GBP400 million
TPG was about to purchase TSL Education for GBP400 million because it was attracted by TSL's network of 52 million teachers.
Deals of The Day
The following bids, mergers, acquisitions and disposals were reported on Friday
Cengage Learning files for bankruptcy protection due to US$5.8B current debt
Cengage Learning filed for bankruptcy protection under chapter 11 due to its US$5.8 billion debt.
