Investments have been made for the further development of On Center Software. The foremost name in construction automation, On Center Software, announced that Accel-KKR had placed an investment in the company for its future expansion plans.
Enterprise
UPS into big data make navigation less fuel dependent
UPS' new navigation system helps drivers use less fuel. United Parcel Service Inc. (UPS), one of the world's biggest package shipping company, uses customer data, drivers, and vehicles for its new route guidance system, according to a report by Bloomberg.
China SMEs cede control to foreign firms amid adverse IPO prospects - report
Private equity firms had been seen selling its ownership stakes in small and medium companies in China to gain back equity.
Allegations of raclal profiling hound Macy's and Barneys
Several people have come forward claiming racial profiling after purchase of luxury goods from stores resulted in detention by NYPD upon complaint by high end retail stores.
India Infoline to wind down retail brokerage services
India Infoline, in response to market movement away from equities, is closing down its retail brokerage division.
Latest News
Wal-Mart said in its press conference that it would be focusing more on its e-commerce business to curtail effects of China's slowing retail market.
Share trading of Chong Hing Bank and its parent company were suspended temporarily pending confirmation of the sale of the bank to Yue Xie Group.
The amount of USD3.3 billion is the price tag for the JPMorgan commodities business unit required from the bidding firms, such as Grupo BTG Pactual.
The deal pegged to be at USD500 million is now worth USD1 billion. United Arab Emirates mall operator Majid Al Futtaim had set a maximum deal volume of USD500 million for a new hybrid bond according to a source familiar with the transaction.
Sources disclosed to Reuters that Cerberus Capital Management LP and other buyout firms were interested in acquiring Safeway Inc.
With the increasing competition from both high-end and mass retailers, US mainstream grocery chains had been selling off business units to private equity firms.
While there was an offer made for the club, Birmingham City management said that there were 'no immediate plans' to sell.
New Martha Stewart-JC Penney partnership leaves out former's home goods products due to Macy dispute
JC Penney Co Inc and Martha Stewart Living Omnimedia said that its partnership agreement would be leaving out Martha Stewart-branded cookware, bedding and bath products that had been exclusively designed for Macy's Inc.
With 90% of Canada Bread Co in Maple Leaf Foods Inc's name, the latter is seeking options for the divestment of the said asset.
