Tara Poseley of Kmart hired as new chief product officer of Lululemon. An executive from Kmart, the leading US discount chain, has been hired to lead the global merchandise and design team at Lululemon Athletica Inc.
Investors
Merger settlement considered between US Airways and American Airlines
A billion dollar merger has been settled between US Airways Group and American Airlines In the hopes of winning regulator approval of the USD11 billion merger, US Airways Group and American Airlines considered to give up landing and take-off slots at the Washington Ronald Reagan National Airport.
Canada approves ConocoPhillips exploratory drilling in the Far North
ConocoPhillips's request of exploratory drilling is approved by Canada's NEB On Wednesday, Canada's National Energy Board approved ConocoPhillips's request.
Arhammar Short Alpha Fund bets on underperforming stocks
Two former Kynikos analysts establish Arhammar Short Alpha Funds to bet on falling stocks. London-based Arhammar Short Alpha Fund Ltd would be betting on falling stocks around the world.
Barrick Gold considers equity investment to reduce debt and raise cash
Barrick Gold reviewed options for raising cash and reducing debts In an attempt to reduce debt load, Barrick Gold considered a wide range of options including strategic equity investment.
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Essar Group planned to bid for water projects in India. The Essar Group said it intended to make bids for various water projects in India. Essar Concessions India Ltd Chief Executive Officer Neeraj Sanghi said they planned to bid for water distribution and sewage plants and desalination facilities.
ICE postponed date of NYSE purchase. Futures Market Operator, IntercontinentalExchange, postponed the date for acquiring NYSE Euronext. NYSE claimed this would give more time for approval of the transaction by European regulators At this point, European regulators have not raised any substantive issues among NYSE and ICE.
An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
Essent Group raised USD 335 million for its initial public offering in the US. Mortgage insurance firm Essent Group Ltd was able to gather USD 335 million in its initial public offering.
McDonald's and Kraft to sell packaged McCafe-branded coffees in 2014. McDonald's Corp and Kraft Foods Group Inc agreed to sell packages of McCafe-branded coffees at retail locations and grocery stores across the US in 2014.
Richard Usher put on leave, Citi's chief Roham Ramchandani follows. Richard Usher, the chief currency dealer in JP Morgan in London, has been put on leave.
Bitcoin users lined up as the first bitcoin ATM opened for business in Canada. The world's first bitcoin ATM opened for business in Canada on Tuesday.
Facebook reviewed number of ads in relation to revenue growth and number of users. Due to the number of advertisements on Facebook, younger teens had not been using the site.
The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.
