Tesco Plc had filed for bankruptcy for its US stores last Monday and planned a sale of 167 stores to Yucaipa Cos led by billionaire Ron Burkle.
Consumer Electronics
Dish Network reaches extension to avoid blackout
Dish Network Corp and Walt Disney Co. had reached an extension agreement while both parties were still in discussions over a long term deal.
Qunar to undertake IPO in the NYSE
Qunar, Baidu's online travel app, would be offering American Depositary Shares for its IPO in the New York Stock Exchange.
USD450 million to be received by Warner Bros from RatPac-Dune Entertainment
Financing was released by RatPac-Dune Entertainment for about 75 films to Warner Bros. studio. Warner Bros, the studio unit of Time Warner Inc, would be receiving a USD450 million from RatPac-Dune Entertainment LLC to serve as funding for 75 films, including its summer franchise offerings.
Warner Bros studio enters co-financing deal
Warner Bros Pictures announced on Monday that it had entered a co-financing deal with RatPac Dune Entertainment to finance as many as 75 movies, said a Reuters report.
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The latest funding round saw Love Home Swap receives GBP1.025 million funding. Home swap holiday service Love Home Swap had announced it had raised another GBP1.
A USD15 million investment was recently announced by Clairvest to be received by Cieslok Media. The Clairvest Group had announced that it represented the group in its USD15 million investment in Cieslok Media, which was formerly known as Titan Outdoor Canada Company.
Chinese shoemaker Daphne International's sales performance lead to a sluggish stock performance on the bourse.
HelloFresh was able to raise USD 7.5 million in Series C financing. Berlin-based ecommerce food site HelloFresh secured USD 7. 5 million for its Series C round.
Clinton Group had increased its stake in Nutrisystem Inc. by 5.2%, according to a filing on Monday. Activist hedge fund Clinton Group had increased its stake in Nutrisystem Inc.
Private equity firm KKR agreed to buy a 10% stake in Chinese home appliance maker Qingdao Haier. Global investment company Kohlberg Kravis Roberts (KKR) signed a definitive agreement to purchase a 10% stake in home appliance maker Qingdao Haier.
Lawrence Ho planned to invest more than USD5 billion in Japan once Melco Crown Entertainment obtains permission to establish a casino in the country.
Orders for US manufactured goods declined in August which showed a possible sign of companies holding back their investments due to uncertainties in US government spending.
The escalator at Harrods would undergo a major facelift and renovation. Qatar's newly acquired luxury London department store, Harrod's, had laid out plans to undertake a multi-million renovation as part of the investment from the Gulf state in the world renowned brand.
