Kmart’s Tara Poseley hired as CPO of Lululemon Athletica Inc.

Tara Poseley of Kmart hired as new chief product officer of Lululemon. An executive from Kmart, the leading US discount chain, has been hired to lead the global merchandise and design team at Lululemon Athletica Inc.


Essar Group plans bids for water infrastructure projects

Essar Group planned to bid for water projects in India. The Essar Group said it intended to make bids for various water projects in India. Essar Concessions India Ltd Chief Executive Officer Neeraj Sanghi said they planned to bid for water distribution and sewage plants and desalination facilities.

ICE suspends purchase date of NYSE

ICE postponed date of NYSE purchase. Futures Market Operator, IntercontinentalExchange, postponed the date for acquiring NYSE Euronext. NYSE claimed this would give more time for approval of the transaction by European regulators At this point, European regulators have not raised any substantive issues among NYSE and ICE.

Bega Cheese gets regulator approval for Warrnambool Cheese bid

An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.


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Bitcoin users lined up as the first bitcoin ATM opened for business in Canada. The world's first bitcoin ATM opened for business in Canada on Tuesday.
Facebook reviewed number of ads in relation to revenue growth and number of users. Due to the number of advertisements on Facebook, younger teens had not been using the site.
The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.
The US central bank said it was going to continue its purchases of bonds worth USD 85 billion a month to keep interest rates low.
The F-35 fighter jet dropped its first bomb to hit a ground target in its first delivery test. The Pentagon said F-35 fighter jet hit its first ground target in a delivery test.
Eurobank Ergasias SA failed to meet it capital requirements may now be force to sell shares at losing price.
Jason Armstrong, lead analyst of Goldman Sachs, will work at Comcast to head investor relations. Goldman Sachs Group Inc. veteran Jason Armstrong is said to be leaving and would become Comcast Corp.
Intel Corp. and Verizon Communications Inc are talking to about Intel's Web-TV. Intel Corp. , and Verizon Communications Inc. are having talks about possible takeover of Intel's TV delivery over the Internet, according to a report by Bloomberg.
Shareholders in the largest milk producer in China sold nearly 5.2% stake. A group of shareholders raised nearly HKD855. 4 million or USD110 million from the sale of 5.
Stanford Marine Groups prepares for its debut in the London stock market, hires heavyweight investment bankers.