American rapper and producer Sean "Diddy" Combs struck a partnership with UK-based consumer goods firm Diageo Spirits to acquire the luxury tequila brand DeLeon in their second 50-50 joint venture.
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NY fashion company Fifth & Pacific changes name, CEO steps down
New York fashion company Fifth & Pacific Cos. on Thursday changed its name to Kate Spade & Co. to reflect the company's new, singular focus. The apparel maker also announced on the same day that its chief executive William McComb will be replaced by Kate Spade CEO Craig Leavitt.
Calpers Chief Investment Officer Joseph Dear takes medical leave
Joseph Dear, the Chief Investment Officer of Calpers, the largest public pension plan in the US, has taken a medical leave to continue his personal health treatments, Bloomberg reported.
Cheng Yu-tung's International Entertainment Corp to pay HK$7.35B for Macau's Sun City Gaming Promotion Co
International Entertainment Corp said it would be acquiring a 70% stake in Macau gambling junket operator Sun City Gaming Promotion Co for HK$7.35 billion, Bloomberg reported.
Performance Trust Capital Partners appoints veteran investment banker Al Glowasky as managing director
Al Glowasky, a veteran investment banker with more than 30 years of investment banking experience in his belt, will be joining Performance Trust Capital Partners as Managing Director in the West Coast region
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2010 was a 'tipping point' for the start-up of Russia through two liquidity events and underlying forces in the country. First was the acquisition of the Russian Groupon clone called Darberry by Groupon.
California, US-based application performance management firm New Relic Inc named Square Inc Chief Financial Officer (CFO) Sarah Friar as the new member of its board on its path to a potential initial public offering (IPO).
What are the elements of a start-up community? What can you do to startup a start-up community in your city, or help it do more-faster?
The former head of ORIX USA, Jim Thompson, has launched Preston Hollow Capital, an investment company that will target fixed income, venture capital and hedge funds.
Instead of taking things easy on retirement, an increasing number of older Americans have become entrepreneurs and have taken the risk of forming their own companies, Bloomberg reported.
Ford Motor Co. chief executive Alan Mulally, once and for all, said that he will not replace Microsoft Corp.'s retiring CEO Steve Ballmer and will remain at the US automaker through 2014. Some prominent Microsoft investors had campaigned for Mulally's candidacy for the top job at the software giant.
For venture capital firm Atomico founder Niklas Zennström , Silicon Valley is not the only technology hub where great firms can come from. He says they can come from anywhere.
Citing sources, Bloomberg reported that Germany-based Deutsche Bank had hired Yusof Annuar Yaacob, Malaysia's Chairman for Corporate Finance of Goldman Sachs Group Inc, to become the lender's country head in Malaysia.
Private equity firm Blackstone Group, which has yet to do an Australian deal, has appointed it senior adviser James Carnegie as the new senior managing director of its Sydney office. Carnegie will be replacing Paul Costello, who resigned last year.
