JC Penney is now deep in plans to increase its cash reserves and financial well-being through loans and other means.
Deals
Doughty Hanson sells 20.9% of its holding in HellermannTyton
British private equity firm Doughty Hanson said in its statement on Wednesday that it had sold 20.9% of its shares in cable equipment maker HellermannTyton for GBP119 million or USD191.21 million.
France daily Vinci mulls sale of parking concession business - report
French financial newspaper Les Echos said on its report Wednesday that French construction and concessions company Vinci was considering of selling its parking concession business to generate funds for future acquisitions.
CI Financial purchases 65% of Marret Asset
CI Financial acquired the majority stake in Marret Asset, with an option to purchase the remained after three years.
JP Morgan's buyback program may be stopped due to fines recalculations
Because of the increase in fines and penalties payable for the second half of 2013, JPMorgan Chase's share repurchase plan may be put on hold.
Latest News
In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.
The USD4.7 billion bid by Fairfax for BlackBerry would be backed up by loans, equity investments and its own shares in the smartphone maker.
Urban Compass would provide locations of possible apartments for rent using online database. Ori Allon, who sold two internet start up companies to Google Inc and Twitter respectively, has laid out plans to announce a USD20 million funding round for a firm that sifts through complex databases, this time for New York city apartment rentals.
Health Management Association is reviewing the takeover bid offered by Community Health Systems. The new board of directors of Health Management Associates Inc had hired financial advisers to review the USD3.
The proceeds for the 3.3 million shares in Chatham Lodging Trust sale would be used for debt payment and general corporate purposes.
Youtube and Google+ had teamed up to improve the system of moderating comments in Youtube, and recently did a soft launch with a limited number of Youtube users.
Financing for the Blackberry Ltd buyout by Fairfax Financial Holdings Ltd. would be largely dependent on the smartphone maker's debt-free assets, said financial analysts.
Analysts thought that Tokyo Electron Ltd's takeover was unusual move in an industry norm where local companies were rarely open to mergers or takeovers by their foreign rivals.
Brynwood Partners announced the first and final close of their seventh fund, which raised USD 400 million.
