Foxconn to dissolve JV with Metro AG. Foxconn Technology Group, after its failed joint venture with Metro AG, a German retailer has said it will turn to China for expansion of its retail business.
Deals
Best Buy Moves from Sale to Turnaround
Best Buy closes chapter on Schulze takeover bid. With the clock passing on the deadline for the Richard Schulze offer to be filed, Best Buy is now going with the turnaround plan proposed by current CEO Hubert Joly.
Peugeot and Russia's ZIL in Negotiation for Sharing Car Production
A report from newspaper Vedomosti disclosed that Peugeot and ZIL are planning to produce light commercial vehicles in the Russian market.
Comark Apparel Chain is Up for Sale
Sources said that Comark apparel chain is currently on the process to be sold, with an expected amount of up to $400 million based on multiples of other deals in the retail industry.
Hartford Financial Incurs 3-Qtr 2012 Loss Instead of a Profit Over Accounting Error
Hartford posted an amended filing with SEC to correct its results for third quarter in full-year 2012 on internal account error that led to loss instead of a gain.
Latest News
Jaguar and Land Rover exploring deal with Tata Motors to manufacture vehicles in India. Jaguar Land Rover, one of Britain's most exclusive car brands, is said to be doing its due diligence as to the possibility of manufacturing its luxury cars in India.
Warburg has been looking forward for the sale of eye care company Bausch & Lomb as it selected JPMorgan Chase, Citigroup, and Bank of America Merrill Lynch to the IPO.
A, the venture capital unit of Russia's Alfa Group, has expressed interest in forming a group to restructure troubled Central European Distribution Corp.
ABRY has been raising its stake in data center provider Datapipe as it makes investments out of its private equity fund.
Twilio has been creating a fund similar to what Facebook created to increase world presence. Internet telephony company Twilio has been following what internet giant Facebook did to create pathways for success.
Both News Corp. and Walt Disney have been discussions how to settle issuing badly affecting its jointly controlled online video site Hulu LLC.
The sale of Bausch and Lomb can either be a private one or through an IPO. The initial public offering of iconic eyewear company Bausch and Lomb would be headed by three well-known banks.
Comark Stores up for sale. Canada's leading apparel chain, Comark is being offered for sale. Included in the sale are Ricki's, Bootlegger, and cleo stores and the price tag can reach up to US$400 million.
Potential bidders are coming up with a deal to acquire assets of Anschutz Entertainment Group. Sports and retail estate company Anschutz Entertainment Group (AEG) is set to come up with a deal from potential bidders including Patrick Soon-Shiong, Guggenheim Partners LLC and Colony Capital LLC, according to people familiar with the matter.
