According to a Wall Street Journal report, Marcato Capital would like Sotheby's to divest its New York and London properties.
Investors
Market Track purchases Competitrack for an undisclosed amount
Market Track acquired Competitrack from founder Bob Moss for an undisclosed sum. Retail promotion and e-commerce pricing intelligence solutions firm Market Track purchased Competitrack.
Lehman files suit against Giants Stadium over swap contracts
Lehman Brothers Holdings Inc and Giants Stadium LLC could not agree on the settlement amount of two interest-rate swap contracts the latter had cancelled.
India to begin regulatory framework for crowdfunding
As the UK and the US institute crowdfunding regulations, India is also drafting its own set of rules.
Caixa Geral sells Portugal Telecom stake for EUR 196 million
State-owned lender Caixa Geral de Depositos would be selling a 6.11% stake in telecommunications firm Portugal Telecom.
Latest News
Emirates NBD would be exiting from its remaining 15% stake in property developer Union Properties. On Thursday, the chief financial officer of Dubai's largest bank said it would be divesting its remaining ownership in Union Properties.
The creation of the USD30 million seed-stage fund was to support entrepreneurs outside South Korea in their startups.
The name of Apple's recently unveiled iPad Air gave rise to the speculation that the company might be cooking up an iPad Pro.
Henan Dayou Energy said the country's regulators were investigating them for disclosing information illegally.
A First Tennessee Bank employee was injured in a Wednesday morning robbery. A Wednesday morning robbery at the First Tennessee Bank on East Brainerd Road injured an employee.
US-based Web lender Endurance Lending Network had consolidated with UK-based lender Funding Circle. Funding Circle, of which its platform allows peer-to-peer lending, had announced itds consolidation with Endurance Lending Network of San Francisco.
A total of USD37 million was raised by UK lender Funding Circle from investors led by Accel Partners.
Investors including FirstMark Capital, Valiant Capital Management, Andreessen Horowitz had provided Pinterest a total of USD225 million in the latter's recent financing round.
Wal-Mart said in its press conference that it would be focusing more on its e-commerce business to curtail effects of China's slowing retail market.
