Macy's is filing charge against J.C. Penney and Martha Steward over their plans to launch Martha boutiques at Penney Stores.
Sectors
HP and Cosco Establish Greek Hub
Piraeus is now the shipping hub for HP through Cosco Shipping. A deal was inked between Hewlett-Packard and Cosco to make Piraeus, Greece a key hub for supply and distribution.
Blackstone's Exec Gets $213.3 million as Net Income Rose
Blackstone Group says its co-founder and chief executive officer Stephen Schwarzman obtained 2013.3 million in pay and cash dividends in 2013.
FoxConn Turns to China
Foxconn to dissolve JV with Metro AG. Foxconn Technology Group, after its failed joint venture with Metro AG, a German retailer has said it will turn to China for expansion of its retail business.
British Luxury Brands Exploring Partnership in India
Jaguar and Land Rover exploring deal with Tata Motors to manufacture vehicles in India. Jaguar Land Rover, one of Britain's most exclusive car brands, is said to be doing its due diligence as to the possibility of manufacturing its luxury cars in India.
Latest News
Warburg has been looking forward for the sale of eye care company Bausch & Lomb as it selected JPMorgan Chase, Citigroup, and Bank of America Merrill Lynch to the IPO.
A, the venture capital unit of Russia's Alfa Group, has expressed interest in forming a group to restructure troubled Central European Distribution Corp.
ABRY has been raising its stake in data center provider Datapipe as it makes investments out of its private equity fund.
Twilio has been creating a fund similar to what Facebook created to increase world presence. Internet telephony company Twilio has been following what internet giant Facebook did to create pathways for success.
Both News Corp. and Walt Disney have been discussions how to settle issuing badly affecting its jointly controlled online video site Hulu LLC.
Credit Suisse and Ambac Financial are reportedly agreeing on the settlement of mortgage-backed securities.
German book retailers join forces to capture larger share in German ebook market. Many German book retailers have teamed up with Deutsche Telekom to create a new eReader to fight the dominance of Amazon.
The sale of Bausch and Lomb can either be a private one or through an IPO. The initial public offering of iconic eyewear company Bausch and Lomb would be headed by three well-known banks.
Comark Stores up for sale. Canada's leading apparel chain, Comark is being offered for sale. Included in the sale are Ricki's, Bootlegger, and cleo stores and the price tag can reach up to US$400 million.
