Blackstone Group would be buying a 40% stake in Chinese shopping mall operator SCP Co. Private equity company Blackstone Group said it would be purchasing a 40% stake in SCP Co, a China-based shopping mall owner.
Sectors
SAC Capital Advisors to give guilty plea, pay USD 1.8 billion fine for securities fraud- report
A CNBC report said that SAC Capital Advisors would plead guilty to securities fraud charges and pay a fine of USD 1.8 billion.
Chinese companies hold up despite NQ Mobile allegations- report
Shares of Chinese technology companies remained high despite fraud allegations of NQ Mobile. A Bloomberg report said that fraud allegations hurled against NQ Mobile did not affect other Chinese companies.
Tri Pointe nears deal for Weyerhaeuser homebuilding unit
Tri Pointe Homes Inc. approached the final stage of closing a $2.7 billion deal to buy Weyerhaeuser Co's homebuilding unit.
Diageo rebottles spirits for African market
The use of smaller 20 centiliter bottles is sought to be the key to cornering the emerging African market.
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The background of Daniel Dienst, the recently-appointed CEO of Martha Stewart Living Omnimedia Inc, caused industry observers to speculate a sale for the home decor company.
Boming Cheng, the President of Citic Securities Co, said IPOs could resume again in China after a Chinese Communist Party meeting.
The women's and men's titles for the New York City Marathon were clinched by Kenyan runners.
Trim Tabs showed data that investors poured US$54.2 billion into equity mutual funds. Investors flooded US equity mutual funds and exchange-traded funds with $54.
Twitter fans take to Twitter to air their concerns over the Denver Nuggets mascot who fell unconscious in the pre-game festivities.
Apple's iPad Air received a low repairability rating from a repair website. In their Teardown of Apple's newly launched iPad Air, repair website iFixit gave the tablet a Repairability Score of 2.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, is aiming to launch its initial public offering in the week of Dec.
Despite news of National Security Agency (NSA) whistleblower Edward Snowden accepting a job offer at the social networking site VKontakte, founder Pavel Durov said that no job offer or hiring of Snowden took place.
The collateral provided by Batista and Grupo EBX have helped reduce the bank exposure risk for Banco Santander Brasil and Itau Banco.
