Following customer complaints on Groove and Wunder Under yoga pants, Canadian clothing company Lululemon’s shares drop to USD67.85.
Investors
Telefonica turns over control of Czech unit for EUR2.47 billion
Spanish telecommunications firm Telefonica said it had sold a 65.9% interest in its Czech unit to investment group PPF.
ETISALAT agrees to acquire Vivendi's Maroc Stake for USD5.7 billion
UAE's Emirates Telecommunications Corp. (ETISALAT) would be the new owner of a portion of Vivendi SA's stake in Maroc Telecom SA.
AetherPal scores USD6 million in Series A funding
Remote diagnostics company AetherPal secured USD6 million in Series A funding for the development of its pre-loaded software for smartphones.
Microsoft enters 20-year investment deal with RES Americas to buy wind power
Microsoft entered a 20-year deal with RES Americas to source wind power from its Texas facility. Microsoft Corp. sealed a deal to source power from a Texas wind farm.
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Clothing retailer Men’s Wearhouse refused the request of Jos. A. Bank Clothiers to check the former's books in lieu of the latter's buyout bid.
Celebrity Justin Bieber invested USD1.1 million as seed round for a new social media network for teens.
Garantia Data had renamed itself to RedisDB, following a USD9 million investment round. Aside from acquiring USD9 million in funds, Garantia Data had changed its name to RedisDB.
Supercell Oyj and SoftBank had agreed on a USD1.53 billion deal in the hopes of gaining a significant market share in mobile gaming
A Brentwood Associates affiliate would be buying shoemaker Allen Edmonds Corp. Port Washington-based Allen Edmonds Corp said it would be purchased by an affiliate of Los Angeles-based private equity firm Brentwood Associates.
Cooper Tire & Rubber and Apollo Tyres would be meeting in court today over its planned buyout deal.
Spire Capital would be selling Just Marketing International to Chime Communications in deal worth USD 76 million.
Morgan Stanley posted losses on seven trading days in the third quarter but losses did not go over its value-at-risk.
Hong Kong sofa supplier Man Wah Holdings lifted its owners' stocks to USD1.1 billion after it closed at its highest level in two years.
