An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
Investors
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.
Energy Future Holdings plans interest payments to creditors- source
Energy Future Holdings planned to make coupon payments worth USD 270 million to creditors as a possible bankruptcy loomed.
Barneys New York Inc targeted by black shoppers after racism controversy
Black customers protested at Barneys New York Inc after being detained by staff. On Wednesday, a group of protestors had gathered at Barneys New York Inc.
Kmart’s Tara Poseley hired as CPO of Lululemon Athletica Inc.
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.
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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.
The US central bank said it was going to continue its purchases of bonds worth USD 85 billion a month to keep interest rates low.
The F-35 fighter jet dropped its first bomb to hit a ground target in its first delivery test. The Pentagon said F-35 fighter jet hit its first ground target in a delivery test.
Eurobank Ergasias SA failed to meet it capital requirements may now be force to sell shares at losing price.
