Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.
Deals
Starboard Value supports Shanghui offer for Smithfield
Due to the lack of competitive offers, Starboard Value throws its support behind Shanghui's bid for the takeover of Smithfield.
Versace s to find partner by year's end
Italian fashion house Versace announced through its CEO Gian Giacomo Ferraris that the company had been expected a final shortlist of buyers interested in the company's minority stake by mid-October.
Two hospitals have been transferred to Reliant Hospital Partners LLC
Senior Housing Properties Trust sells off its two hospitals to Reliant Hospital Partners LLC. Real estate investment trust Senior Housing Properties Trust said last Friday that had finalized an agreeent to sell to third parties the New England Rehabilitation Hospital and Braintree Rehabilitation Hospital.
GP Investments Ltd announces sale of its Estacio shares
GP Investments had filed with regulatory authorities the sale of its owned shares over college operator Estacio Participacoes.
Latest News
In its first acquisition in the country, L'Oreal recently announced the acquisition of Cheryl's Cosmeceuticals to enhance its product line.
Synthetic antibodies maker Indi Molecular closed its seed round with USD 1.5 million. Indi Molecular announced the close of its seed funding with USD 1.
Cybersecurity software developer FireEye Inc raised USD 304 million for its IPO. Cybersecurity firm FireEye Inc was able to raise USD 304 million for its initial public offering.
Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.
South African billionaire John Rupert bought Mystery for ZAR 40 million. A billionaire bought a bull for ZAR 40 million or USD 4. 1 million. John Rupert, the richest person in South Africa, led a group that purchased Mystery, a Cape Buffalo bull.
Sources told Bloomberg that LVMH was already nearing a stake purchase in Anderson. Sources told Bloomberg that luxury goods maker LVMH Moet Hennessy Louis Vuitton was close to buying a stake in J.
The Department of Transportation and Communications said the bidding for the PHP 17.5 billion airport project was set for November.
Private equity firms would continue to be interested in investing in the luxury car business of China, said William Shen of Headland Capital.
JinkoSolar Holdings said it would be selling 3.8 million ADS. In an announcement, JinkoSolar Holding Co. Ltd said that its follow-on public offer of 3,800,000 American depositary shares or ADS.
