In spite of the steep price cuts offered, consumers in the US did not do a lot of shopping in brick-and-mortar stores on the weekend before Christmas, Reuters reported.
Investors
Brazilian miner Vale agrees to divest VLI stake to Brookfield for $842M
Brazil-based iron ore miner Vale agreed to sell a stake in logistics company VLI SA to Canadian firm Brookfield Asset Management in a deal valued at BRL2 billion ($842.78 million).
Blackstone's La Quinta confidentially files for IPO in the US
Blackstone Group LP-backed hotel chain La Quinta Holdings Inc confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission under the Jumpstart Our Business Startups (JOBS) Act.
Morgan Stanley to sell India mutual funds assets to HDFC
Morgan Stanley is selling its Indian mutual fund assets to a joint venture between India's HDFC and Britain's Standard Life, becoming the latest foreign asset manager to quit India.
Chicago media firm Tribune agrees to buy Gracenote from Sony in $170M deal
Chicago-based media firm Tribune has entered an agreement to purchase Gracenote, the California-based music data unit of Japanese conglomerate Sony in a deal valued at $170 million, according to a statement by Tribune.
Latest News
Coal & Oil Group based in Dubai said it has secured $250 million for the completion of its 1,200 megawatt power plant called the Mutiara Thermal Power Plant in Tamil Nadu, India.
Samruk-Kazyna, Kazakhstan's sovereign wealth fund, on Monday struck a deal to sell equal-sized stakes in its BTA Bank. Its holding in the country's third-biggest bank will be sold to Kazkommertsbank and businessman Kenes Rakishev for an undisclosed sum.
Rhoen-Klinukum, which had put up for sale its 43 hospitals and 15 outpatient facilities, expects to get the green light from German antitrust regulators on the proposed sale of most of its assets to rival Fresenius SE & Co.
CSI Holdco, a subsidiary of Canadian Solar Inc, has exited two solar power plants called the PSEG Shasta Solar Farm to PSEG Solar Source, subsidiary of Public Service Enterprise Group.
Sigma Alimentos and Shuanghui International Holdings on Monday agreed to share ownership of Spanish canned ham and hotdog processor Campofrio Food Group SA. The co-ownership deal is worth $957 million.
Hedge fund Elliott International, which owns a 25.16% stake in Celesio, said that reports suggesting it will accept McKesson Corporation's $8.3 billion bid for the German drugs wholesaler are incorrect. Elliott had irrevocably rejected McKesson's offer, saying that it undervalues Celesio.
Carmat, a French medical technology firm, saw its stocks rise 43% after it implanted the first artificial heart in a patient last week, Bloomberg reported.
Qatar Investment Authority, the sovereign wealth fund of the gas-rich, Middle Eastern country, is in talks with Mumbai-based Kotak Realty Fund to invest $200 million in a residential property in India.
During the financial crisis when the deal markets were quiet, banks parted ways with their senior investment bankers. Now that business has slowly revived, lenders are seeing that they are left with junior bankers that are a little wet behind the ears.
