PPR sells off assets. In a report by French newspaper Les Echos, PPR, the French luxury and sports brand is in discussion with Nordic Capital for the sale of Ellos, the Scandanavian subsidiary of its Redcats line.

Wells Fargo takes hit on Heinz purchase. According to Moody's Investors Service Inc, Wells Fargo's credit profile took a hit for itsparticipation in the financing of the HJ Heinz Co purchase.

Vivendi's sale of GVT postponed due to lukewarm price offers. Vivendi is postponing the sale of GVT, its Brazilian telecommunications unit after the French consortium failed to receive purchase offers amenable to its price.

Whitworth's Relational Investors expands industrial stake portfolio. Relational Investors LLC, the flagship firm of Ralph Whitworth, recently disclosed its stake at SPX Corp.

Pearson denies plans to sell Financial Times. (Photo : Reuters) Pearson, the British education and media group, through its new CEO reiterated that the Financial Times is not for sale.

CVC is seeking 44% for Mahatari after Aeon terminated its offer for the retailer. CVC Capital Partners is expected to ask equity investors to invest more for PT Matahari Department Store than a tentative bid for the retailer by Aeon Co.

Wolfberg and Landry to join forces in new hedge fund firm. Adam Wolfberg, a veteran of SAC Capital Advisors, Diamondback Capital Management and the Galleon Group is teaming up with Steven Landry of East Bay Asset Management would launch a new hedge fund.

Private equity defined in simple terms. Private equity is simply a class of assets that include equity securities in operating companies that are not bought and sold in the stock exchange.

Keith Anderson, former chief investment officer at Soros Fund Management is looking forward to raise up to $1 billion for his Anderson Global Marco fund.

Greenlight Capital gets restraining order against Apple Inc. A US federal judge found credence to the arguments of hedge fund manager David Einhorn versus Apple Inc.