Martha Stewart Living Omnimedia Inc and retailer Macy's Inc on Thursday announced the settlement of a lawsuit it filed against the former over a partnership deal with department store chain J.C. Penney Co Inc in 2011.
Investors
Top hedge fund performers for 2013 were in value equity plays - report
Business news site ValueWalk pointed out in its report that several top players on HSBC Holdings plc's list of best performing hedge funds for 2013 were found to have made value equity plays.
ETFs to surpass hedge funds in 2014 - Dow Jones indices
Indices of S&P Dow Jones indicated that exchange-traded funds might surpass hedge funds in terms of being attractive investments. Analysts earlier argued that the attractiveness of the securities were due to ETFs' cheap prices.
2013 is a record year for hedge funds - report
Data released by research firm and data provider Eurekahedge revealed that hedge funds worldwide posted record gains not seen since 2007, said a Business Insider report.
“Shark Tank” type Rady Venture Fund gives a leg up to San Diego SMEs
The Rady Venture Fund, a part of pioneering model business school The Rady School of Management, was said to have helped over 60 small businesses in starting up in the San Diego area and launched over a hundred products while providing a hands-on experience for the management school's business students.
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Tobii and SteelSeries have perfected an eye-tracking control system perfect primarily for game interaction, for example, will be showcased in a Las Vegas trade show next week, said a VentureBeat report.
CEZ Group, a utility conglomerate based in Prague, could ink a $10 billion deal to expand the Temelin nuclear power plant some time in the second quarter of 2015. CEZ is in talks with US' Westinghouse and a consortium that includes Russia's Atomstroyexport, according to a Reuters report.
A report on new digital news site Re/Code quoted sources, who said the current massive fundraising of home gadget startup Nest could put its valuation to over $2 billion.
A statement from the office of the British Prime Minister David Cameron revealed that 6,000 mortgage applications, with over 80% of them as first-time buyers, applied for home loans under the government's Help-to-Buy program.
TV and film company 21st Century Fox on Thursday announced that it would put up for sale its 47% stake in Star China TV for an undisclosed sum. The said stake will be bought by private equity firm China Media Capital and the TV channel operator's management.
Cyprotex, a drug testing company based in the UK, on Thursday announced that it had purchased American rival CeeTox. Cyprotex will initially pay £630,000 to the North American Science Associates for CeeTox.
Arabian Business said in its report that businesses of the state of Saudi Arabia, including Prince Sultan Aviation Academy and Saudia Private Airline, will be privatized soon.
According to a report by The New York Times, mergers are picking up activity as financial markets worldwide, including the US, are becoming stronger and more stable.
The Thomson Reuters/PayNet Small Business Lending Index showed that small businesses in the US increased their borrowings in November 2013 compared to that of the previous year, Reuters reported.
