Hewlett-Packard has said it has already arrived at decisions on how to go about solving shareholders' securities fraud claims for the writedown it took on its Autonomy Plc acquisition, Reuters reported.
Investors
Nintendo Co under pressure to exit hardware business, after Wii U disappoints
As Nintendo's sales of Wii U flopped, Japanese video game machines maker Nintendo Co is under pressure to think about abandoning its hardware operations, Bloomberg reported.
Canadian utility firm Aquatera acquires Watchorn
Grande Prairie-based municipal utility firm Aquatera Utilities Inc acquired Fairview-based industrial water and wastewater services provider Watchorn Rentals Ltd for an undisclosed amount as part of its strategic growth plan.
Private equity- owned Dots to seek bankruptcy protection- report
Sources told The Wall Street Journal that private equity-owned discount retailer Dots LLC is readying itself to file for bankruptcy as the company struggles from the competition given by flash sites.
Private equity-owned Miller's Ale House chain withdraws deal from Pittsburgh's SouthSide Works
Miller's Ale House, a chain of restaurants owned by private equity firm Roark Capital Group, has withdrawn from a deal to build a restaurant in Pittsburgh's SouthSide Works Complex, the Pittsburgh Post-Gazette reported.
Latest News
The US Federal Trade Commission has given its approval to the purchase of Harris Teeter by Kroger Co, according to a statement from both supermarket chains, Reuters reported.
The amount of US insured municipal bonds was pegged at to $12.08 billion last year, the lowest since the financial crisis. However, Reuters reported that the steep decline may be over.
Jos. A. Bank Clothiers Inc's board asks stakeholders to refuse $1.6B Men's Wearhouse Inc hostile bid
Shareholders were asked by the Jos. A. Bank Clothier's Inc board to refuse a hostile bid amounting to $1.61 billion from Men's Wearhouse, Reuters reported.
Softbank Corp is reportedly in discussions with T-Mobile owner Deutsche Telekom AG to thresh out obstacles for a potential T-Mobile acquisition, according to sources interviewed by Bloomberg.
The Criminal Prosecutions Bureau has been expanded by New York Attorney General Eric Schneiderman to the Criminal Enforcement and Financial Crimes Bureau to focus on financial wrongdoing, Bloomberg reported.
Anheuser-Busch InBev is looking to repurchase Oriental Brewery Co from private equity companies KKR & Co and Affinity Equity Partners Ltd, according to sources interviewed by Bloomberg.
California, US-based venture capital firm Andreessen Horowitz is in the process of raising $1.5 billion for its new fund, according to Fortune LP whisperer Dan Primack.
Menlo Park, California-based biotech startup QuanDx bagged $950,000 in a recent financing round from undisclosed backers to continue developing molecular diagnostic equipment for medical laboratories.
Mexico-based supermarket operator Controladora Comercial Mexicana SAB said it has conducted talks with possible acquirers, both foreign and local, for the sale of its business, Bloomberg reported.
