As the dispute over terms of the retransmission contract between CBS and Time Warner Cable rages on, government representatives and federal regulators are considering to take action to end the dispute at the soonest possible time.
Consumer Electronics
Paulson & Co acquires Steinway Musical Instruments for USD 512 million
Paulson & Co agreed to acquire Steinway Musical Instruments for USD 512 million. Steinway Musical Instruments entered into a definitive merger agreement with Paulson & Co Inc on Wednesday.
Generator Hostel on expansion mode
Generator Hostel is on acquisition spree backed by Patron Capital. The award winning urban design hostels group, Generator, had announced the acquisition of two further locations in both Paris and Rome.
Wanderu receives investments from institutional investors
Wanderu, the searching and booking start up firm, has received about US$2.45 in investment funds from established firms in the industry.
Renewable Resources Group Inc buys Sun World International LLC
Renewable Resources Group Inc agrees to purchase Black Diamond Capital Management's Sun World International LLC.
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J.C. Penney Co prepares to hire at least one new director to appease largest shareholder William Ackman's demands for a more functional board.
Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.
Blackstone expands apartments portfolio by acquiring 80 apartment complexes for General Electric, in anticipation of a booming apartment rental market.
Bill Ackman, the largest shareholder of J.C. Penney, have taken the offensive by airing out damaging statements against the company. In response, the board is discussing a possible retaliation.
Dole Food Co Inc agreed to be bought by David Murdock, after an increase in the offer price was given.
Campbell Soup Co announced that the sales of some of its European businesses to CVC Capital Partners is on the final stages.
Steinway Musical Instruments said that another investor topped the USD 35 per share offer of Kohlberg & Co with a bid of USD 38 per share.
Titus Naikuni, CEO of Kenya Airways, announced that the fire at JKIA had already cost his company USD 4 million in revenues.
The PGA tour is not just about winnings, its about charity given to the communities who host them. In the third round of the PGA Championship, Jason Dufner was holding a two shot lead.
