Leonard Riggio suspended his planned bid for Barnes & Noble Inc.'s retail businesses amid the firm's accelerating losses.
Consumer Electronics
Heineken and Carlsberg look to Asia, new products to meet yearly earnings
Beer makers Heineken and Carlsberg said they would be looking to Asia and their new product offerings to meet their forecasted earnings this year.
Competition Commission releases provisional findings on Cineworld investigation
UK regulator warns Cineworld might have to let go of three complexes. Cineworld might just have to let go of their recently acquired complexes at Aberdeen, Bury St Edmunds and Cambridge as the Competition Commission released their provisional findings last Tuesday.
Koos Bekker becomes billionaire with China media
Koos Bekker became a billionaire earlier this year after he transformed Naspers Ltd. from an old-print business into the largest media firm.
BRE sale inevitable due to the company’s lagging value
BRE Properties Inc. declined a takeover deal priced USD4.6 billion as the valuation of the company was severely discounted.
Latest News
J.C. Penney announced the company's performance in the last quarter showed a severe drop in sales.
A Reuters report stated that Amazon Inc invested a massive USD13.9 million on warehouse facilities to strengthen its expansion.
Home Deport benefited from the recovery of the US housing market. The revitalization of the U. S. housing market helped Home Depot Inc. top the quarterly profit and sales assessments made by analysts on Tuesday.
Property developer Deutsche Wohnen launched an all-share bid worth USD 2.34 billion for competitor GSW Immobilien.
Trading saw Urban Outfitters with high earnings upon close Monday. In Monday's trading on NASDAQ, Urban Outfitters exhibited more than a modest show of profits.
Australian Coca Cola distributor announced disappointment in its profits for the first six months. Coca Cola Amatil Ltd announces a substantial drop in its earnings.
CarProof sold a minority share to Hellman & Friedman, a leading private equity firm based in San Francisco.
360pi got a USD4.1 million partnership with Silverton Partners, a Texas-based company. 360pi retail price giant announce publicly that the company has sealed the deal with Silverton Partners, a Texas-based company.
The implementation of sequestration affected preschoolers due to federal government's budget cuts on programs.
