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.
North America
Groupon Shares Rebound after CEO Leaves
Groupon CEO Andrew Mason termination causes rebound in stock prices for the company. In last Friday's trading, Groupon shares climbed 12. 6% or US$0.
Macy's Files Charges Against Martha Stewart and J.C. Penney
Macy's is filing charge against J.C. Penney and Martha Steward over their plans to launch Martha boutiques at Penney Stores.
Warburg Pincus Taps Advisers to Lead Bausch & Lomb IPO
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.
ABRY Raises Stake in Datapipe
ABRY has been raising its stake in data center provider Datapipe as it makes investments out of its private equity fund.
Latest News
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.
AEG is being sold off and buyers are being selected. A list of potential buyers for Anschutz Entertainment Group has been drawn up by Phil Anschutz. Sources familiar with the negotiations told Reuters that the negotiations can be concluded for the sports and real estate empire within the next few weeks.
Macy's sues JC Penney and Martha Stewart for deal. JC Penney CEO Ron Johnson knew that if he signed the deal with Martha Stewart, he would be putting the company in jeopardy by creating a conflict with Macy's, its corporate rival.
Disney and News Corp are in discussions as to the future of Hulu.com Discussions are now ongoing for the control of Hulu. com, the website partners News Corp and Walt Disney Co currently co-own.
Twilio to fund app makers for its services. Facebook, before becoming one of the most successful Internet companies traded in the market, did what no other company did before it.
Best Buy Co. has rejected an offer for minority investment from past chairman Richard Schulze's private equity sponsors.
Marchionne, CEO of Fiat and Chrysler, opens up on possibilities for the future. Sergio Marchionne, concurrent CEO of Fiat and Chrylser Group LLC, said that he is determining whether the next step forward would be Chrysler going public or the carmaker would be merged with Fiat.
In its filing with the U.S. Securities and Exchange Commission, BofA disclosed that the state of New York has been investigating how it acquire and underwrites home loans.
UBS research predicts effects of pension underfunding and corporate bond yields. In a research note, UBS is forecasting that US companies would be contributing at least US$70 billion into their corporate pension plans in 2013.
