Italian fashion house Versace announced through its CEO Gian Giacomo Ferraris that the company had been expected a final shortlist of buyers interested in the company's minority stake by mid-October.
Investors
European Commission continues to evaluate financial transaction tax
European Commissioner Algirdas Semeta said work would continue on the proposed financial transaction tax.
Blackstone purchases the Hughes Center complex in Las Vegas
Blackstone paid Crescent Real Estate USD347 million for Hughes Center complex. One of the largest office owners in the United States, the Blackstone Group, recently purchased another property, specifically the Hughes Center complex located in Las Vegas, NV.
FTC approves Nielsen acquisition of Arbitron
The Federal Trade Commission stamps seal of approval for the acquisition of Arbitron, the radio audience measuring firm, by Nielsen, the television measuring giant.
Approvals of new swap execution facilities issued by CFTC
The Commodities Futures Trading Commission had announced the approval of the applications to operate swap execution facilities for TruEX Group LLC and IntercontinentalExchange Inc.
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Senior Housing Properties Trust sells off its two hospitals to Reliant Hospital Partners LLC. Real estate investment trust Senior Housing Properties Trust said last Friday that had finalized an agreeent to sell to third parties the New England Rehabilitation Hospital and Braintree Rehabilitation Hospital.
GP Investments had filed with regulatory authorities the sale of its owned shares over college operator Estacio Participacoes.
A USD109 million investment was made by TPG Capital in Xinyuan Real Estate. TPG Capital was advised by Ropes & Gray on the completion of a strategic investment in Xinyuan Real Estate Co.
Branding Brand was chosen by investors to develop a mobile commerce platform for retailers. The largest mobile commerce platform to major retailers, Branding Brand, announced that it secured USD9.
Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.
Seeing a possible windfall of money from oil and gas rich investors, Britain is urging banks to create instruments to address the USD2.6 trillion market by 2017.
The return by Egypt of USD2 billion to Qatar is a sign of growing tensions between the two countries.
Investors and analysts would be closely watching how many units Apple's new iPhones would sell on opening weekend.
Users take to social media to air their frustration when they failed to successfully download Apple's newest operating system, the iOS 7.
