A huge slump in Valeant Pharmaceutical stocks on Tuesday made Pershing Capital to lose more than $1 billion in one day. Meanwhile Bill Ackman planned to take more active role in the drugmaker.
Illinois-based snack company Mondelez International Inc has entered an agreement to sell a controlling stake in its cookie and cracker business, SnackWell's, to Connecticut-based private equity firm Brynwood Partners for an undisclosed amount.
In finding the termination of the agreement was improperly made, an arbitrator ruled that Starbucks is liable to pay a total of USD2.76 million to Mondelez-Kraft for violating the terms of its contract.
Top 10 US IPOs, Iincluding General Motors (GM), Hospital Corporation of America (HCA), Travelers Companies (TRV), Blackstone Group (BX)
A study found that Oreo cookies were as addictive as cocaine.