Retailers are keeping their inventories low for the coming back to school season. Retailers are saying that with the back-to-school season at hand, also known as the second busiest selling season for the year, consumer spending is more conservative than ever before.
North America
Westgate Resorts gains US $140 million from securitization
Premier developer and operator of themed resorts gets US $140 million after a new round of securitization.
Microsoft stocks takes biggest plunge since 2009
Microsoft stocks dropped 11%, the biggest since 2009. Microsoft Corp shares took their biggest plunge in more than 4 years by dropping at an astounding 11%.
Bankrupt Jefferson County hires Citigroup to handle bond refinancing
Citigroup Global Markets was picked by bankrupt Jefferson County to handle its bond refinancing. Lawmakers from the bankrupt Jefferson County, Alabama, picked Citigroup Global Markets, part of Citigroup Inc.
Apple acquires Locationary and HopStop
Apple Inc announced the acquisition of mapping companies, Locationary and HopStop. Apple Inc announced that they have acquired two small companies, Locationary and HopStop.
Latest News
US SEC was put under pressure for improper contractor vetting. The US Securities and Exchange Commission (SEC) was placed in a "hot seat" for failing to do a proper background check on 40 to 70 contractors.
Emerging economies are set for a wake-up call as FED decisions and the China economy slowdown affects economic growth.
The US FTC announced that they are giving the green light for GE Electric Co's acquisition of Avio SpA's aviation business.
Chancellor Angela Merkel said that she is calling the EU to set tougher data protection rules. Angela Merkel, Chancellor of Germany, announced that she will push for tougher European Union data protection rules.
SEC said that they are ready for the Fabrice Tourre trial. The U. S. Securities and Exchange Commission announced that they head to trial for the fraud case against the former Goldman Sachs bond trader, Fabrice Tourre.
Starwood Capital Group LLC announced that they have made an offer to acquire New York based luxury department store chain, Saks Inc.
US community health centers look forward to newly insured patients under the Affordable Care Act, also known as the Obamacare.
Private equity veteran T.J. Jubeir has been named as one of the board of directors of Capital Chapter of the Entrepreneurs Organization (EO-DC).
Battery Ventures, Austin Ventures and The Valley Fund have all made their commitments to back-up the newly launched accelerator program, OpenIncubate.
