New York's Sycamore Partners LLC is nearing a deal to acquire apparel retailer Jones Group Inc. The private equity firm is reportedly offering a price of USD16 per share, totaling the size of the deal to USD1.3 billion.
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Chinese firm purchases Torrance Marriott South Bay
Chinese real estate developer Sichuan Xinglida Group Enterprises Co bought the Torrance Marriott hotel in South Bay, California for USD74 million, according real estate broker John Strauss.
NBC Universal considering investment in AllThingsD founders' new venture
NBC Universal is close to getting a minority stake in a new company being formed by technology journalists Walt Mossberg and Kara Swisher whom runs AllThingsD from sources whom are familiar with the situation.
EU expected to give Microsoft a go-ahead for USD7.3 billion Nokia deal
Microsoft Corp. is set to secure a European Union (EU) approval for its proposed USD7.3 billion takeover of Nokia's mobile phone business. Regulators from various countries had already given the green light to the deal.
Japan approves Regeneron's EYLEA for macular edema following CRVO
The Japanese Ministry of Health, Labor and Welfare approved EYLEA (aflibercept) Injection to treat macular edema following Central Retinal Vein Occlusion, expanding Regeneron Pharmaceuticals Inc's reach in the Asian market.
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As far as investors go, there are two sides to the Bitcoin - to bet or not to bet in the digital currency. Joe Light, in his Wall Street Journal report, provided these two sides.
Cousera raised an additional USD 20 million in funding, bringing to a total tally of USD 63 million raised just from its Series B funding round. Backers behind this round were three of the universities that offered courses on Coursera and existing investors such as GSV Capital and Learn Capital.
Although Nissan had set a timeframe of its release of self-driving cars to the public, a report by US News argued that Google might be launching its version of the self-driving car earlier.
G20 Ventures sought to raise USD75 million for its first venture capital fund. A November 20 filing confirmed reports that Advance Technology Ventures's Bob Hower and Bill Wiberg will spin out a new venture fund under the name G20 Ventures.
Federal Governor Daniel Tarullo said regulators should put their attention not only on banks but on the shadow banking system as well. He said policy options for shadow banks needed to be reformulated to counter its risks.
The partnership of Mitsubishi Electric, Mitsubishi Corp and Mitsubishi Heavy with Tokyo Electric Power Co (Tepco) would lead to the building of integrated gasification combined-cycle (IGCC) stations in Fukushima.
A report published on Reuters said investors continue to pour in lots of money in hedge funds as they view the investment as a necessary yet expensive part in their portfolios.
According to a new report by the Associated General Contractors of America, Mississippi has led the US in construction job growth third quarter of this year. Former leader Tennessee has dropped to rank number 44.
The European Commission is looking at the way container-shipping companies announce their price increases, saying it may be possible that they are colluding with each other to rig prices.
