Wumart Stores was said to be in discussions with CP Lotus to buy the latter's units, according to a source who told Bloomberg.
Deals
Retrax acquired by Kinderhook's Tectum Holdings LLC
No financial details were provided in the acquisition of Applied Products Inc or Retrax by Kinderhook's Tectum Holdings LLC.
China's ICBC to issue yuan-denominated bond in London - British finance minister
Britain's Chancellor of the Exchequer George Osborne announced via a Twitter post that Industrial and Commercial Bank of China (ICBC) would be issuing a yuan-denominated bond on the London bourse next month.
Air France-KLM is 50-50 on participating in Alitalia EUR300 million capital increase - source
According to an anonymous source who told Reuters, Air France-KLM was 50-50 on whether it would participate in the EUR300 million share issuance to save the Italian airline from bankruptcy.
Yandex purchases Russian-language movie website to expand search business
In an announcement today, Russia's largest search engine company Yandex said it had acquired Kinopoisk, a movie review site, for an undisclosed amount.
Latest News
Capitol Bancorp has signed an agreement with Talmer Bancorp for the sale of the common stock of Capitol's consolidated entities.
A Wall Street Journal report said that Citigroup and State Street were already preparing for a possible debt default by the US government.
Trafigura Beheer and Mubadala Development would be purchasing a controlling stake in PortCo, a unit of MMX Mineracao & Metalicos.
The Wall Street Journal reported that China could allow foreign companies to sell shares in the free trade zone in Shanghai.
Tokyo Gas said it would looking at majority stake purchases for mid-sized LNG projects in Southeast Asia or Africa to bring down import costs.
After purchasing stake from OdontoPrev's CEO Luiz Zanetti, Banco Bradesco took full control of the dental care services firm.
Private equity firm KKR injected USD 300 million to First Data's balance sheets to help it refinance its debt.
Private equity companies were the reason for the frozen yogurt shop explosion in the US, according to a CNBC report.
Savient Pharmaceuticals filed for bankruptcy protection and court approval to sell assets to a US WorldMeds unit.
