Sectors
Supreme Industries to divest shuttle-bus business for $7M
Indiana, US-based commercial vehicle manufacturer Supreme Industries Inc is about to divest its shuttle-bus business to Elkhart-based recreational vehicle maker Forest River Inc in a deal valued at $7 million.
Virginia-based decoder Babel Street secures $2M from angel investors
Babel Street, a startup that can decode data from complex information, got $2 million from angel investors to go towards its sales, marketing and product development initiatives, VentureBeat reported.
Pizza chain Sbarro said to be readying second bankruptcy filing
Sources told Bloomberg that pizza restaurant chain Sbarro is preparing for a bankruptcy filing which could take place any time in the next few weeks.
Blackstone Group CEO's earnings rise by 75% in 2013
Blackstone Group Chief Executive Officer Stephen Schwarzman earned $374.5 million last year, representing an increase of 75% as the private equity firm's distributable earnings also went up 66% in 2013, Reuters reported.




