Woolworths Ltd. reported losses amounting to AUD $139 million stating it was spiked by weak sales and high start up costs.
Investors
Wisdom Tree feels US Fed's positioning
The currency hedging activities together with the Fed Reserve's announcement has a grave effect on the Wisdom Tree Japan Hedged Equity Fund.
Softbank partners with Bloom to sell fuel cells in Japan
Softbank enters into a joint venture with Bloom to distribute hydrogen and bio-fuel cells in Japan.
Ex-Goldman Sachs director ordered to pay US $13.9 million for sharing corporate secrets
Rajat Gupta was fined US $13.9 million after court found him guilty of insider trading. Federal authorities ordered a former executive of Goldman Sachs Group Inc.
Swedish online eyewear shop buys two of its competitors
Mister Spex bought Loveyewear and Lensstore in a bid to enhance its international presence. Two Swedish online eyewear shops, Loveyewear and Lensstore had been bought by Mister Spex, also an optic shop with heavy online operations.
Latest News
Harrison Street Real Estate Capital sealed its fourth fund after raising US$750 million from various investors.
The Overseas Union Enterprises rakes in US $476 million from its initial public offering of hospitality and retail assets in Singapore.
I Squared Capital opened a US$2 billion fund which will be used to invest in energy, utilities and transportation.
Allstate Corp announced plans to sell its insurance business to Resolution Life Holdings for US$6 million
Florida Community Bank bought the Great Florida Bank to improve its capital structure. Florida Community Bank finalized a deal to obtain Great Florida Bank.
Linsalata Capital Partners sold The Tranzonic Cos. to Silver Oak Services Partners. Linsalata Capital Partners, a Mayfield Heights private equity firm, sold The Tranzonic Cos.
Lexington Partners announced the closure of their new co-investment fund, Lexington Co-Investment Partners III, L.P. after obtaining at least US$1.50 billion from institutional investors.
Dorel Industries and Trek Bicycle Corp acquired Tour de France teams amidst doping scandals. Trek Bicycle Corp and Dorel Industries Inc. announced that they are investing in Tour de France teams amidst doping scandals.
CPFL Renováveis announced the closing and completion of their US$459.49 million public offering. CPFL Energias Renováveis SA announced the completion of their public offering.
