Lululemon was sued for fraud over sheer yoga pants and its CEO sudden resigned. The CEO of Lululemon Athletica Inc. suddenly decided to resign from her position.
Investors
Valeant Pharmaceuticals and Energy Sector Boost TSX
Valeant Pharmaceuticals and energy sector boost TSX The Toronto Stock Exchange's S&P/TSX composite index, Canada's main stock index, hit 12,217.
Bank of Japan Buys US$9.5 Billion Japanese Government Bonds
Bank of Japan bought US$9.5 billion Japanese government bonds. The Bank of Japan offered to buy Japanase government bonds worth of US$9. 5 billion. The government bonds had residual maturities from 1 to 10 years.
US$2.25 trillion hedge fund industry hurt by June sell-off
The US$2.25 trillion hedge fund industry continued to be hit by June sell-off because of Fed Chairman's remarks.
Asian stocks rose with Europe rally, euro frets
Asian stocks were swept up by Europe's rally while Euro continued to sulk. On Friday, Asian stocks increased as Euro tended its losses. This transpired after Europe's two most influential banks assured venture capitalists.
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Telediffusion de France SAS was selling its French tower for US$5.1 billion. Telediffusion de France SAS' private equity owners were seeking higher than Eur4 billion, which is equivalent to US$5.
According to a new accounting rule, pensions were in bad shape. According to a new accounting rule that would take effect next year, US pensions were only 60% funded in 2012.
Michael Wekerle obtained Difference Capital Financial Icc's Convertible Unsecured Subordinated Debentures for US$10.75 million.
NY DFS sent a letter to foreign reinsurers asking if they were linked with Iran. The New York's Department of Financial Services sent a letter, dated June 25, to 20 non-US reinsurers of any business transactions they had with entities linked to Iran.
Australia's Brambles planned to spin off Recall Holdings. Brambles Ltd. has announced a revival of a previous plan to exit Recall Holdings. Recall Holdings, a data management business, would then be listed on the Australian Securities Exchange (ASX).
Creditors for Rede Energisa gave the Energisa offer the green light Creditors for Grupo Rede Energia SA, a Brazilian power distributor currently seeking to exit a backruptcy protection, approved for a takeover plan initiated by rival company Energisa SA.
Israel Corp. exercised its rights in TowerJazz, with TowerJazz raising US$22 million in the process.
Lloyds planned to sell its stocks amidst talk of investor boycott. Lloyds Bank planned to sell 39% stake, which is a step towards its privatisation. However, talks of boycott among investors could have a negative effect on how the sale proceeds.
South Korea is temporarily suspending $7.3 billion fighter jet bidding South Korea announced that they are temporarily suspending the US$7. 3 fighter jet bidding initiated by the South Korea's Defense Acquisition Program Administration (DAPA).
