The Commonwealth Bank of Australia announced plans to exit the real estate business. Commonwealth Bank of Australia (CBA) said that they are in the process of seeking an avenue to leave its property management business.
Investors
SIFCO Industries Acquires MW General
SIFCO acquires competitor commercial aerospace component supplier MW General. SIFCO Industries, Inc. , leading aerospace and energy industries components supplier, announced its acquisition of MW General's operations and operating assets.
HanesBrands Inc agrees to purchase Maidenform Brands Inc
HanesBrands Inc said that they will purchase Maidenform Brands Inc for US$575 million. HanesBrands Inc. announced that they have agreed to buy Maidenform Brands Inc.
UKAR sells Northern Rock portfolio for GBP400 million
UKAR announced the sale of a Northern Rock portfolio to JC Flowers and Marlin Financial. UK Asset Resolution (UKAR), also known as Britain's 'bad bank', announced that they have agreed to the sale of a Northern Rock portfolio.
Freee receives $2.7 million in Series A funding
Japanese software firm freee has received $2.7 million in Series A funds from DCM and Infinity Capital Partners.
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BlueTarp Financial has secured additional $15 million funding from Long Ridge Equity Partners and existing investors.
Billabong has secured a $294 million proprietary loan to boost their working capital. Surfwear and extreme sports clothing maker Billabong International Limited has secured a $294 million proprietary loan to boost their working capital and refinance an existing loan.
Falcon Oil & Gas Co said that they have in the process of acquiring shares from remaining FOGA shareholders.
Dwyane Wade and Siohvaughn Funches agreed on the terms of their divorce settlement. Dwyane Wade and Siohvaughn Funches agreed on their divorce settlement.
Google has 25% share in the internet traffic coming from North America. Data from Deepfield, an analytics firm, indicated that Google took 25% internet traffic in North America.
‘Tiger cub’ Laffont was bullish on content but not Apple. Philippe Laffont, a hedge fund manager at Coatue Management, did not seem too optimistic when asked about his opinion of Apple.
Sonic Automotive's Q2 profits dropped because of debt retirement charges, while its sales increased.
Apple dumped AU Optronics after its failure to meet the standards of the technology giant which further resulted to Apple's negotiations with Samsung about iPad mini 2's components.
European stocks rebounded with Volvo and EasyJet as top gainers. European stocks have rebounded, with Volvo and EasyJet leading the top gainers. The world's largest truckmaker, Volvo, posted a gain of 3.
