As Nintendo's sales of Wii U flopped, Japanese video game machines maker Nintendo Co is under pressure to think about abandoning its hardware operations, Bloomberg reported.
Sectors
NewStyle Salons adds seven Fantastic Sams in Fox Valley
Wisconsin-based firm Salon Management Enterprises has acquired Fantastic Sams' seven hair grooming outlets in the Fox Cities and Green Bay region for an undisclosed sum, to be upgraded and re-branded to its NewStyle Salons brand.
Canada reject Bitcoin as legal tender
The Canadian government has finally broken its silence about the Bitcoin, rejecting the digital currency as legal tender in the country, The Wall Street Journal blog Canada Real Time reported.
Business Insider to raise new funds from existing investors- report
After saying no to an informal acquisition bid worth $100 million from AOL last year, Business Insider is likely set to raise new funds from its existing backers, re/code reported.
Indian online real estate portal CommonFloor raises INR64 crore in funding
Bangalore, India-based online real estate portal CommonFloor secured INR64 crore in its fourth financing round from existing investors Accel Partners and Tiger Global, as confirmed by co-founder Sumit Jain.
Latest News
Grande Prairie-based municipal utility firm Aquatera Utilities Inc acquired Fairview-based industrial water and wastewater services provider Watchorn Rentals Ltd for an undisclosed amount as part of its strategic growth plan.
Sources told The Wall Street Journal that private equity-owned discount retailer Dots LLC is readying itself to file for bankruptcy as the company struggles from the competition given by flash sites.
Miller's Ale House, a chain of restaurants owned by private equity firm Roark Capital Group, has withdrawn from a deal to build a restaurant in Pittsburgh's SouthSide Works Complex, the Pittsburgh Post-Gazette reported.
India-based Aurobindo Pharma Ltd will be purchasing the generic drug operations of Dublin-based Actavis in seven countries in Western Europe in a deal worth around €30 million, Bloomberg reported.
The Office of the New York Attorney General will continue with the lawsuit without claim to damages it lodged against Bank of America over its 2009 purchase of Merrill Lynch, Bloomberg reported.
Hewlett-Packard has said it has already arrived at decisions on how to go about solving shareholders' securities fraud claims for the writedown it took on its Autonomy Plc acquisition, Reuters reported.
The US Federal Trade Commission has given its approval to the purchase of Harris Teeter by Kroger Co, according to a statement from both supermarket chains, Reuters reported.
The amount of US insured municipal bonds was pegged at to $12.08 billion last year, the lowest since the financial crisis. However, Reuters reported that the steep decline may be over.
The Office of the Comptroller of the Currency ordered Rabobank in December to straighten out the issues plaguing its anti-money laundering programs in an order made public recently, Reuters reported.
