Barnes & Noble's sales weakened after CEO Leonard Riggio cancelled his offer to purchase stores.
Sectors
Vietnam government might ban chat applications
Vietnam announced plan to ban free chat applications to protect network providers in the country. The Vietnam government proposed a possible prohibition of free Internet chat applications.
Everbright shares slump 10% after penalty risks
Everbright Securities Co. faced a three month restriction on joining any property trading after it erroneously priced government bonds worth CNY10 million.
Koos Bekker becomes billionaire with China media
Koos Bekker became a billionaire earlier this year after he transformed Naspers Ltd. from an old-print business into the largest media firm.
Carlyle Group welcomes new power team co-head
Carlyle Group LP welcomed its new member Matthew O'Connor, an executive from GE Capital, who was hired as managing director for the company's energy team.
Latest News
Best Buy reported increased profits, proving CEO Joly's cost-effective plans successful. Best Buy Co Inc announced Tuesday that the company's first quarterly profit proved CEO Hubert Joly's recovery plan effective.
After its announced acquisition of StreetEasy for USD50 million in cash, Zillow Inc. was said to sell its share for USD82 per share piece.
Champion Medical Technologies won a "multi-million dollar investment" from Jump Capital, a private equity firm based in Chicago.
Leonard Riggio suspended his planned bid for Barnes & Noble Inc.'s retail businesses amid the firm's accelerating losses.
SmartyPants partnered with crowdfunding platform CircleUp to score USD 2.59 million in financing from new and current investors.
J.C. Penney announced the company's performance in the last quarter showed a severe drop in sales.
H.I.G. Capital-backed Harrison Gypsum acquired the Eagle Ford Division of Pinnacle Materials. Global private equity investment company H. I. G. Capital announced the acquisition of the Eagle Ford Division of Pinnacle Materials.
A Reuters report stated that Amazon Inc invested a massive USD13.9 million on warehouse facilities to strengthen its expansion.
BHP Billiton finally makes a major investment after declaring last year that the mining company will not partake in any big expenditures.
