Gap and Urban Outfitters showed top earnings in retail apparel. Top 2 apparel retail companies are set to report earnings as the back-to-school season starts next week.
Sectors
Bahrain’s Investcorp to sell Skrill for USD794 mill
Bahrain based Investcorp announced the sale of Skrill to CVC Capital Partners in a deal priced at USD79 million.
Best Reisen Ltd hits big losses due to Egypt troubles
The leading Hungarian tour company, Best Reisen Ltd announced bankruptcy after big losses on its Egypt and Tunisia tour packages.
Column: Bezos needs to relaunch a business model
It has been a week after Amazon founder Jeff Bezos announced acquisition of Washington Post, a deal said to be the convergence of old and new media.
U.S. securities regulator bars Conrad Black from U.S. directorships
Former press mogul Conrad Black was barred from directorships by the US Securities and Exchange Commission and ordered him to pay USD4 million to Chicago Newspaper Liquidation Corp.
Latest News
General Electric pursued its renewable energy program in Estonia after abandoning a solar plant project in the United States.
German bonds declined on its second week signaling an improved damp demand for the euro region's safest fixed-income assets.
A newspaper reported that German regulator BaFin probed Deutsche Bank over its anti-money laundering control.
U.S. consumer prices went up as predicted in July. U. S. consumer prices went up as predicted in July. This increase may console officials of the Federal Reserve program who have been worried about low inflation while they evaluate process on cutting down massive bond buying schemes.
Greek politicians are coming to a head on the issue of home foreclosure auctions. Greece would be lifting its restrictions on the implementation of home foreclosures in order to give banks the leeway to recover its bad loans.
Cheraman Financial Services announced today a proposed plan of funding different infrastructure projects in Kerala.
Raifeisen Bank International CEO said financial investors would prop up its capital requirements. Raiffeisen Bank International, one of Austria's foremost banks, has said that part of its capital requirements would be met by financial investors.
In accordance with the new free trade zones, China planned to simply its legislation to attract foreign strategic and financial investors.
ShopRunner added to Alibaba's recent purchases made to help in the former's IPO. Recently, ShopRunner a private shipping company owned by Michael Rubin, sold minority stakes to Chinese e-commerce company Alibaba Group.
