Sources said Neiman Marcus Group had now enrolled several banks to help it in its IPO. Sources close to Neiman Marcus Group Inc. said the luxury retailer had now hired several financial institutions to help them on an initial public shares offering.
Regions
Vivint Solar raises US$200 million in tax equity funds
Vivint Solar stated they have gathered US$200 million in two new tax equity funds that would be used to fund solar power platforms on residential rooftops.
Jeff Bezos buys the Washington Post
The Washington Post announced that Jeff Bezos had acquired the newspaper for US$250 million in cash.
Alliant Techsystems to buy Bushnell
A report stated that Alliant Techsystems are in discussions to buy Bushnell for around US$1 billion.
Japan fund moves away from bonds to invest more in stocks
Sources said the Federation of National Public Service Personnel Mutual Aid Associations in Japan is looking to consider a shift in policy that would allow them to invest more in stocks and less in government bonds.
Latest News
Third Point announced they want to put up around US$322.20 million in its IPO to bolster its underwriting capacity.
According to a report by Ernst & Young, 391 merger and acquisition deals with a combined value of US$15.2 billion were recorded in the first half of 2013.
Shanghai Tower's top beam was recently installed and now the interiors are to be completed. The tallest building in the financial district of Shanghai and all of China is nearing completion.
HSBC's stock falls as it advises diplomatic missions to close their accounts with their bank. HSBC had reported lower than expected earnings last Monday.
Newsweek, after announcing it would end its print edition, was sold to online news giant IB Times for an undisclosed amount.
IBT Media ends weeks of speculation as it acquired Newsweek under undisclosed financial terms. In an announcement, IBT Media confirmed that it had reached a deal that acquires Newsweek from IAC/InterActiveCorp.
Hellman & Friedman agreed to acquire Hub International Inc., an insurance company based in Chicago. San Francisco-based Hellman & Friedman agreed to acquire Hub International Inc.
Israeli-based cyber security company ThetaRay bagged a substantial investment from General Electric (GE) reported to be worth "several million dollars."
Brazos Private Equity Partners announced its partnership with Southern Tide, a growing lifestyle brand.
