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.
Deals
Warren Buffett said current debt standoff is disturbing
Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.
L'Oreal acquires Cheryl's Cosmeceuticals for an undisclosed amount
In its first acquisition in the country, L'Oreal recently announced the acquisition of Cheryl's Cosmeceuticals to enhance its product line.
Indi Molecular scores USD 1.5 million in seed round
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.
FireEye gathers USD 304 million in IPO
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.
Latest News
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.
The European Union and Singapore concluded a free trade agreement that would make doing business easier and more transparent for both countries.
Real estate firm Foxtons debuted strong in the London bourse, with early trading placing the firm's value at GBP 788 million or USD 1.27 billion.
The Royal Bank of Scotland raised GBP 630 million by selling all the shares it holds in insurer Direct Line.
Twitter Inc. had been in talks to add more banks to its upcoming IPO, said sources. Twitter Inc. had been in discussion to add banks to its underwriting syndicate.
Agilent Technologies announced a spinoff plan that would create two separate public companies. Agilent Technologies is the manufacturer of scientific-testing equipment spun off from Hewlett Packard Co.
Belgian financial group Dexia said it would enter into exclusive talks with New York Life Investment as it planned to sell the company's asset management unit.
